Republican Charlie Summers, who is running for the 1st Congressional District seat, said Wednesday American taxpayers shouldn't be forgotten in the plan to bailout major financial institutions.

Here's part of his statement:

"Government will need to have a role in mitigating the effects of this debacle on Wall Street - however, rushing into a bailout plan that commits to using $700 billion is not necessarily the way to do it," he said.

Summers said he backs an investigation of fraud and market manipulation, and possible regulatory changes.

"Our priority needs to be the protection of the conscientious American taxpayer - not to rescue everyone who has made irresponsible financial and business decisions with no regard for the consequences, and forcing hard-working Americans the foot the bill," he said.

His opponent, Democrat Chellie Pingree, also put out a statement on the crisis.

"Congress and the administration must act quickly to stabilize our financial system, but also must hold those on Wall Street who contributed to this mess accountable," she said.

She also called for taxpayer protections, such as a pay back plan and ways for people to renegotiate their mortgages.

"Any bailout plan must limit executive pay and cancel stock options so failed CEOs who abused the public trust cannot take our money with them into retirement," she said.