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8ballrollin · 09-23-2008, 03:10 AM

Well, at least in the banking sector.

Here are the highlights from the Dodd bill...

- Treasury (you and me) take an equity stake equal to the purchase price of the distressed assets

- If it's a private company, government takes senior debt position

- Oversight board managing the $700B. Made up of the chairmen of the Federal Reserve, FDIC, SEC and two corp execs.

- If CEO of banks take undue risks, the government can penalize their compensation

Frank is co-opting this into his plan and some form of it will come out on the other side after the negotiations with Paulson.

http://bloomberg.com/apps/news?pid=2...lRg&refer=home

09-23-2008, 03:10 AM	#1
8ballrollin Senior Member Join Date: Jan 2006 Location: WA Posts: 1,287	"We are all Socialists now" Well, at least in the banking sector. Here are the highlights from the Dodd bill... - Treasury (you and me) take an equity stake equal to the purchase price of the distressed assets - If it's a private company, government takes senior debt position - Oversight board managing the $700B. Made up of the chairmen of the Federal Reserve, FDIC, SEC and two corp execs. - If CEO of banks take undue risks, the government can penalize their compensation Frank is co-opting this into his plan and some form of it will come out on the other side after the negotiations with Paulson. http://bloomberg.com/apps/news?pid=2...lRg&refer=home __________________ "Five to one... One in five No one here gets out alive"