| Submit your comments on this article |
| Home Front: Politix |
| Obama, Democrats look to revamp bailout |
| 2009-01-10 |
| Eager to shift the course of the government's financial sector bailout fund, President-elect Barack Obama and congressional Democrats want to apply greater scrutiny and a more defined mission to the beleaguered $700 billion rescue program. The House could act as early as next week on a new tack for the Troubled Asset Relief Program that would set tougher conditions on recipients of the money, including limits on executive pay, and require the Treasury Department to use some of the money to reduce mortgage foreclosures. At the same time, Obama's selection for treasury secretary, Timothy Geithner, is broadening the program's goals, aiming to unfreeze credit for homeowners, consumers, small businesses and local governments. |
| Posted by:Fred |
| #5 or siege, even, my pedantic friend |
| Posted by: Frank G 2009-01-10 15:35 |
| #4 Okay, Ima stand correctored. Beleaguered is can mean under seige. |
| Posted by: .5MT 2009-01-10 15:07 |
| #3 the beleaguered $700 billion rescue program Look, I mean, WTF, can't anyone write this game? |
| Posted by: .5MT 2009-01-10 15:03 |
| #2 The House could act as early as next week on a new tack for the Troubled Asset Relief Program that would set tougher conditions on recipients of the money, including limits on executive pay, and require the Treasury Department to use some of the money to reduce mortgage foreclosures. Ready to try anew tack Cap'n? Yes, Ensign: Pass the Word: Abandon ship, prepare to scuttle. |
| Posted by: badanov 2009-01-10 12:40 |
| #1 Weekend at Bernies. |
| Posted by: newc 2009-01-10 04:24 |