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The Bailout: Public Anger, Private Talks

Congress is wary of angry voters, but behind the scenes a compromise is forming. Executive pay restrictions may be near. With public sentiment casting the Bush Administration's plan to resolve the financial crisis as a bailout for the firms that caused it, Senate Banking Committee members took turns grilling Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke at a hearing on Sept. 23. Behind the scenes, however, many expected nuts-and-bolts negotiation to yield a compromise bill, perhaps over the weekend if not by Friday's scheduled adjournment.

The Bailout: Public Anger, Private Talks
xcel, Sep 25, 2008
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