Here is a link to the 110 page draft of the ‘‘Emergency Economic Stabilization Act of 2008’’.
One thing I’m glad to see in the bill is this:
(C) a prohibition on the financial institution making any golden parachute payment to its senior executive officer during the period that the Secretary holds an equity or debt position [...]
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According to Fox News there is a tentative hand-shake agreement on the bailout. These are some of the highlights of the bill:
limits on executive compensation
share for taxpayers in any future profits
a push by the government to work out deals between homeowners and lenders to limit foreclosures
if taxpayers lose in the long run financial institutions are [...]
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According to Fox News there is a tentative hand-shake agreement on the bailout. These are some of the highlights of the bill:
limits on executive compensation
share for taxpayers in any future profits
a push by the government to work out deals between homeowners and lenders to limit foreclosures
if taxpayers lose in the long run financial institutions are [...]
Comments Off
