Carter-era economist advises bailout opponents
By RYAN GRIM | 10/2/08 11:24 AM EDT
Bill Isaac is helping lead opposition to the Wall Street bailout on Capitol Hill.
The Republican Party may be deeply fractured over the bailout, but supporters and opponents of the measure agree on one thing: an obscure Carter administration policymaker named Bill Isaac helped kill the bill on Monday.
Now, with a second shot at the rescue package in the House, Republicans are battling some of their members over whether they should keep listening to Isaac, a former Federal Deposit Insurance Corp. appointee who has become the brains behind bailout opposition on the Hill.
It's not clear if the Senate's resounding 74-25 vote will undermine Isaac, a Sarasota, Fla., financial consultant who will be back in Washington today lobbying House members again.
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