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發表於 2008-9-28 21:52:15
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Congressional leaders say bailout deal is near
Congressional negotiators "made great progress" toward reaching a deal on the White House's proposed $700 billion bailout of the financial system, House Speaker Nancy Pelosi said.
Under the tentative deal being finalized, the rescue program would be overseen by a board including the treasury secretary, secretary of commerce, head of the Securities and Exchange Commission and chairman of the Federal Reserve, said Sen. Kent Conrad, R-North Dakota, who heads the Senate Budget Committee.
According to Conrad, $700 billion would be disbursed in stages, with $250 billion made available immediaTELy. In addition, the Treasury would establish an insurance program -- with premiums paid by the industry -- to mitigate taxpayer losses. The bill would also probably include some curbs on the compensation of executives at companies that participate.
Finally, the government would get the right to receive equity stakes in the companies that sell it assets. The measure is an attempt to reduce fiscal risk to taxpayers. |
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