Democrats are pushing for oversight and some protection for taxpayers in the bailout bill. You know about that. But now the banks are saying they need more too? Can beggars be choosers? From CNN …
At the same time, financial institutions are weighing in with what they want in the bill. On Sunday, the Financial Services Roundtable – a lobbying group representing the nation’s banks – called on Congress to make the plan “broad enough to include different types of assets.”
The Treasury has amended its original request to give it authority to buy up not just troubled mortgage assets, but troubled assets period.
This comes after the push to bail out foreign banks and bank lobbyists calling regulatory fixes a “deal breaker.”
Is it a “deal”?