Dem Congressman: Next Bank Bailout Could Top $1 Trillion

By Caitlin Taylor

Mar 17, 2009 9:16am

ABC News’ Rick Klein reports: As concerns rise among liberals about further bailouts for banks, here’s a comment from a Democratic House member that’s sure to add fuel to the fire.  “We’re not out of the woods yet,” Rep. Paul Kanjorski, D-Pa., told the Greater Wilkes-Barre Chamber of Commerce, per the Wilkes-Barre Times Leader. “The next bailout package could exceed $1 trillion.”  Kanjorski, a senior member of the House Financial Services Committee, went on to add that there’s little appetite in Congress for more bailouts. I have a story up this morning looking at the anger on the left over the Obama administration’s handling of bank billions — anger that’s risen in the wake of revelations of big bonuses going to AIG executives. 

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