September 23, 2008
The Morning News
LITTLE ROCK -- The proposed $700 billion bank bailout under consideration by Congress lacks federal oversight and leaves too much on the table for banking executives, U.S. Sen. Blanche Lincoln, D-Ark., said Tuesday.
Lincoln, who sits on the Senate Finance Committee, said in a letter to colleagues on the panel that draft legislation did not include enough oversight and accountability, and she criticized executive compensation provided in the plans.
Full Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment