Bailout Bill Statements

From the Press Herald:

U.S. Rep. Tom Allen voted in favor of the package. In a statement he said it is "unconscionable that the House failed to reach consensus on legislation to stabilize financial markets as America stands on the brink of the worst economic crisis since the 1930s."

Allen, a Democrat who is running for Senate against incumbent Republican U.S. Sen. Susan Collins, had voiced reservations about the bailout, which was retooled over the weekend to accommodate concerns about corporate accountability and taxpayer risk.

U.S. Rep. Mike Michaud, D-Maine, voted against the measure. "It provided largely unchecked authority to the Treasury Department to spend $700 billion of taxpayers’ money without adequate safeguards," he said in a statement.