lawmakers soften opposition to bonuses

Discussion in 'Politics' started by wimpy77, Mar 25, 2009.

  1. wimpy77
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    wimpy77 Member

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  2. manu1959
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    manu1959 Left Coast Isolationist

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    Rep. Barney Frank, chairman of the Financial Services Committee, said this latest bill would exempt firms who agree to partner with government to buy the toxic assets because "we do want to encourage wide participation" in the program.

    In addition to major banks and companies like AIG, the bill would apply to Fannie Mae, Freddie Mac and the Federal Home Loan Banks.



    ah the end game.......buy up the toxic debt for us and we won't grill you on tv......
     
  3. wimpy77
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    wimpy77 Member

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    if they want geithners plan to work it has to be that way. i believe there is a plan a and a plan b. plan A is the current plan, if the auctions don't go well then plan B is for the treasury just to buy up the dang things.
     
  4. Yurt
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    Yurt Gold Member

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    so bribery is legal for us corporations
     

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