Opponents of the plan say more prudent homebuyers and renters shouldn’t be called upon to bail out borrowers who gambled on ever-rising housing prices and lost.

“The American people don’t want to make their neighbor’s payment when they’re having trouble making their own,” said Rep. Randy Neugebauer, R-Texas.

(snip)

But Bush’s veto warnings, backed by staunch GOP opposition, are clouding its prospects.

“House Democrats passed bills that they know will never become law. Most Americans understand that we shouldn’t create a taxpayer-funded bailout for lenders and speculators,” said Tony Fratto, a White House spokesman.

link

I checked out Neugebauer’s contributors here

and found what has become all too commonplace:

$120,000 in contributions from banking and finance

It’s not in *his* best interest to represent the public.

Tony Fratto seems to have an extremely short memory…because we, the taxpayers, have just bailed out the Wizards of Wall street for their speculation and gambling.