Thursday, October 2, 2008
金融海嘯﹕A Yes Vote 贊成票
Senate bailout bill
The Senate bill passed Wednesday night included measures that:
Allow Treasury Secretary Henry Paulson to buy up to $700 billion in bad mortgage-related securities and other bad assets.
Allow the Treasury Department to modify mortgage terms to help homeowners avoid foreclosure.
Permit the government to receive equity in companies it helps so taxpayers get a share of any future profits.
Restrict executive pay for companies aided by the program.
Create an independent oversight board to oversee the Treasury Department program.
Source: Senate Banking Committee