There is no question that Congress needs to act to help resolve America’s credit crisis—and soon—but not without comprehensive review, transparency, analysis, and due diligence. That hasn’t happened. It must.
    
    Options and alternatives to solving the recent credit debacle through means other than putting taxpayers at risk to the staggering tune of $700 billion should have been thoroughly vetted and considered. They were not. 
    
    And I remain deeply concerned that far too many distressed homeowners will not get mortgage relief with this legislation. The so-called “oversight board” is weak and can only critique but not stop imprudent moves by the Treasury, and there is just too much uncertainty about how the plan will actually be implemented. The American taxpayer should have had real answers to a myriad of hard questions—and more—before Congress voted. 

    Even with passage of the “bailout,” Congress should have remained in session with no breaks or vacations in order to more fully ascertain the depth and breadth of the credit crunch and to pursue all possible ways to solve it.