Bailout Negotiations Enter Critical Phase

~snip~ The fundamental bailout authority is in the legislation, yet it seems likely to be delivered in chunks of $250 billion, followed by $100 billion, followed by congressional signoff for the remainder of the money. Strong congressional oversight and independent inspector general authority is likely to be in the bill, along with a taxpayer stake in equities that the government plans to buy. A crackdown on executive compensation has wide support on both sides, but aides in both chambers warn that the actual details of determining who gets paid how much and what those limits are has become be very...

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