Quote:
"Lawmakers voted down a plan that was different than what the Bush administration had originally proposed. There were restrictions allowing Congress to limit how much of the money goes out the door at once. It also included caps on pay packages of top executives as well as assurances that the government also would ultimately be reimbursed by the companies for any losses. The Treasury would have been permitted to spend $250 billion to buy banks' risky assets, giving them a much-needed necessary cash infusion.
There also would be another $100 billion for use at president's discretion and a final $350 billion if Congress signs off on it."
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http://biz.yahoo.com/ap/080929/wall_street.html?.v=101
Democrats looking out for the working class
