Democrats Better Proposal Plans


	Democrats Better Proposal Plans

maquser

9-22-2008 11:48 AM

109 views

tags:

economy, fdic, sec, federal reserve, money, banking, usa

maquser says:

Thank god we have the senate majority -- no more rubber stamping bush felonies

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/085d65aa-ba11-47bd-a26d-3f86e4b97fd1/F602751A-4D64-4745-AC41-82AC74D67E97/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/nm/20080922/ts_nm/financial_bailout_congress_dc" href="http://news.yahoo.com/s/nm/20080922/ts_nm/financial_bailout_congress_dc" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20080922/ts_nm/financial_bailout_congress_dc">Senate Democrats on Monday issued a 
counterproposal to the Treasury Department's financial bailout 
plan that would give the government shares in firms unloading 
assets and limit <SPAN id="lw_1222097323_0" class="yshortcuts">executive compensation</SPAN>.                        
                        </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20080922/ts_nm/financial_bailout_congress_dc">the majority Democrats also want to set up an oversight board 
that would include the chairmen of the <SPAN id="lw_1222097323_1" class="yshortcuts">Federal Reserve</SPAN>, <SPAN id="lw_1222097323_2" class="yshortcuts">Federal 
Deposit Insurance Corp</SPAN> and <SPAN id="lw_1222097323_3" class="yshortcuts">Securities and Exchange Commission</SPAN> 
to limit the Treasury's otherwise largely unfettered powers.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20080922/ts_nm/financial_bailout_congress_dc">In addition, the Democratic plan would ensure that 
decisions taken by the Treasury secretary as part of the 
proposed $700 billion bailout would be reviewable under certain 
circumstances. The Treasury had asked that decisions not be 
reviewable by any administrative body or court.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F602751A-4D64-4745-AC41-82AC74D67E97/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>