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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