WASHINGTON, D.C. - Rep. Louie Gohmert (TX-01) released the following statement regarding U.S. Treasury Secretary Henry Paulson's proposed financial bailout:
"This is a very frustrating time here. Our capitalist, free market world is under attack by some on Wall Street who have acted out of greed, and others in Washington who want more government to control much of the free market.
These bailouts have set a dangerous and unmistakable precedent for the federal government to bailout the greedy or imprudent from the consequences of their own poor economic decisions. We must restore decency and consumer confidence in our market system by reinstating accountability and consequences for the officers of publicly traded corporations, by giving incentives to do the right thing, and the loss of improperly gained assets for doing the wrong things.