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BAILOUT Deal principles may be emerging

By
Real Estate Broker/Owner with James Pycha (R) - REMAX KAUAI

 Bailout

The principles of a deal may be emerging. Under these:

•1.   The administration would get $250 billion immediately,

•2.   Thereafter, $100 billion when the president says that it is needed,

•3.   The remaining $350 billion would be available subject to consent by Congress.

•4.   The treasury secretary would have to:

•a.   Set standards to prevent excessive or inappropriate executive compensation for participating companies",

•b.   Obtain equity participation from the companies,

•c.   Operate under a "strong oversight board with cease-and-desist authority" and an independent inspector general.

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