Saturday, September 27, 2008
Paulson Update [Rich Lowry]
Quick e-mail from friend following negotiations quickly (excuse typos):
So it looks like a deal is shaping up
Treasury purchases plus mbs insurance (cantor)
Strong oversight/taxpayer protection
Limits on executive comp
No liberal add-ons (acorn, bankruptcy judges, proxy access)
Govt equity stake likely to be scaled back or dropped. No staff-level enthusiam for it.
Limit on amount of first tranche of money (less than $700 billion)
This deal gets 100 house gop votes
09/27 02:15 PM
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