WASHINGTON, DC – U.S. Senator Pat Roberts today released the following statement:

"I oppose the bailout proposal by the Treasury," Senator Roberts said. "Americans face an economy in crisis and it’s important Congress act responsibly to shore up America’s confidence in the financial system. Unfortunately, the Treasury proposal is flawed. It does not protect taxpayers, contains no meaningful oversight, may not solve the crisis and is seen by most Americans as rewarding greed. I will continue working with my colleagues for a solution that protects the economy and American taxpayers while also stabilizing savings and investments. This difficult task requires patience by investors and bipartisan cooperation, but I believe it can be accomplished.

"My office, like other offices in Congress, is receiving an unprecedented number of comments on this issue. I appreciate hearing from the more than 5,000 Kansans so far who have called or emailed me during the last seven days. Fewer than a dozen support the Treasury plan. Kansans who have worked hard and lived within their means should not have their hard-earned dollars used to bail out large financial firms that made risky business decisions."

-30-