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Specter Urges Leaders Not To 'rush To Judgment' On Bailout

Despite pressure from the White House to quickly pass legislation to help the nation's ailing economy, Pennsylvania Republican Sen. Arlen Specter sent Senate leaders a letter Sunday urging them not to "rush to judgment" on bailout legislation.

"As you project the Senate’s schedule, I urge that we not rush to judgment and take whatever time is necessary on any proposed legislation to deal with the nation’s economic problems," Specter wrote in a letter to Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell.

“The public, our constituents, have a great deal of skepticism, which I share, about legislation which will let Wall Street 'off the hook' and pay insufficient attention to Main Street, middle-class Americans.”

Specter also echoed calls from some Democrats that those responsible for the financial crisis not benefit.

“We should do our utmost to see to it that those responsible for the crisis bear the maximum financial burden on any bailout in order to minimize the taxpayers’ exposure.”

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