Ad Populos, Non Aditus, Pervenimus Published Every Thursday Since September 3, 1890 (908) 232-4407 USPS 680020 Thursday, October 2, 2008 OUR 118th YEAR – ISSUE NO. 40-2008 Periodical – Postage Paid at Westfield, N.J. www.goleader.com
[email protected] SIXTY CENTS Residents Have Strong Reaction to Fed’s Proposed $700-Billion Bailout By RAYNOR DENITZIO AND Fellow Westfielder William Covert and oversight are necessary “on these DEBBIE HOFFMAN agreed, saying Congress is “rushing people.” Specially Written for The Westfield Leader to judgment.” “I think they ought to “I think too many investment bank- AREA — Like Congress, local resi- take a lot more time to think about the ers who work on Wall Street and live dents have mixed views on the $700- consequences of this. It’s $700 bil- in Westfield… so now that they’re billion emergency bailout bill for the lion, which I heard at one time is going to have to sell their houses and nation’s financial system, legislation $7,000 for every individual, includ- move out, it might affect real estate that was defeated by Congress, 228- ing a newborn baby, who lives in the property values,” said Paul Duncan, 205, on Monday. The Westfield Leader United States. So if they’re spending also of Westfield. interviewed area residents at train their money like that, they ought to Westfield resident Jonathan Lloyd stations, outside food stores and at think about it… I’ve never gotten an said he opposes the bailout. “I think Sunday’s Festifall Street Fair in explanation that I can understand as the system has been pumped up too Westfield.