NANCY PELOSI: We Will Not Simply Hand Over $700 Billion To Wall Street


Democrats are pushing back on the bailout planoffered by the Bush Administration, specifically with legislation that would cut the salaries of the CEO’s whose firms participate in the bailout and by adding more oversight provisions, reports The Washington Post.

Yesterday, Congressional Democrats presented their own plan which seeks to add oversight provisions and taxpayer protections to the proposal.   “We will not simply hand over a $700 billion blank check to Wall Street,” House Speaker Nancy Pelosi (D-Calif.) said in a statement.

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