Democrats Test Bail-Out Plan

Summary


DEMOCRATS are driving a hard bargain for their support of the [pounds]1trillion bailout of America's collapsing financial system, writes James Doran in New York.

In exchange for the unprecedented bail-out, they want a cap on fat cat pay and more importantly they believe the government should be given a golden share in each bank that uses the rescue fund.

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Extract


Democrats Test Bail-Out Plan

Christopher Dodd, the chairman of the Senate Banking Committee, rev...

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