Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: TideGlider who wrote (48105)	9/22/2008 7:43:25 AM
From: lorne	of 224749

Gotta keep control? Frank would cap executive pay in financial rescue Sun Sep 21, 2008 reuters.com WASHINGTON (Reuters) - Rep. Barney Frank on Sunday proposed including executive pay limits and foreclosure mitigation efforts in the Treasury Department's $700 billion financial bailout plan aimed at absorbing bad mortgage assets that have paralyzed the U.S. financial system. In a counter-proposal to the Treasury plan, Frank would also put the facility under the oversight of the U.S. comptroller general, the government's main auditor, according to a document obtained by Reuters. Frank's staff gave the proposal to Treasury staff at a meeting on Sunday, a person knowledgeable about the meeting said.

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