Dems Push Back On White House, Paulson

Huffington Post

Sam Stein

September 22, 2008 10:06 AM

It appears that Democratic Party leaders are prepared to call the Bush administration’s bluff when it comes to the extent and purpose of the proposed economic bailout package.

On Monday morning, Rep. Barney Frank, chair of the powerful House Financial Services Committee, drew something of a line in the sand, saying that there was time to add provisions into the bailout that increased government oversight and limited executive pay. He also ridiculed the White House a bit for attempting to give Secretary Treasury Hank Paulson carte blanche in resolving this mess.  Source Article

Advertisements