Webb Urges Stronger Regulatory Structure, Cap on Exec. Compensation in Bailout Plan
By: cycle12
Published On: 9/21/2008 9:14:38 PM
Hello, RK! You may be interested to know that in a letter from him published on Sunday, September 21; "Senator Jim Webb (D-VA) on Saturday evening urged that any legislation granting the federal government the authority to purchase $700 billion in bad assets include a strengthened regulatory structure to prevent future market instability and a cap on executive compensation in companies being rescued by the American taxpayer."
Webb's letter was sent to Senate Banking Committee Chairman Chris Todd, and to read the full text of it, please click on this link:
http://webb.senate.gov/pdf/ban...
And please stay tuned...
Thanks!
Steve
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