Congressman Oberstar Will Support the Bail-Out

Minnesota Congressman Jim Oberstar says he will support the $700-Billion bail-out of the banking industry now that there have been modifications on the Bush administration proposal. He says to trust the Secretary of the Treasury with all that money and no oversight would have been unconstitutional. The 8th District DFL-er says we are in the midst of a real crisis. And, failure to act could have resulted in the bottom falling out of the economy.