Area Legislators Oppose Package

Summary


Two South Bay representatives expressed skepticism Tuesday about the Bush administration's proposal for a $700 billion Wall Street bailout.

The proposal calls for Congress to allow Treasury Secretary Henry Paulson to buy up distressed assets from the major financial firms to avert a massive economic slowdown.

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Extract


Area Legislators Oppose Package

Rep. Dana Rohrabacher, R-Huntington Beach, said he doesn't plan to support the proposal under any circumstances.

"I am not likely to vote for a...

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