Alternative Democratic Bailout Plan

Representative Brad Sherman talked about a group of House Democrats, headed by himself, who have proposed several key amendments to the… read more

Representative Brad Sherman talked about a group of House Democrats, headed by himself, who have proposed several key amendments to the Bush Administration’s bill to stabilize the markets. The amendments include reducing the initial bank funding from $700 billion to $200 billion and purchasing only mortgage-related assets owned by U.S. entities. The House Financial Services Committee is scheduled to hear from Sec. Paulson on the Administration’s plan later today. Representative Sherman responded to telephone calls and electronic mail. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Alternative Democratic Bailout Plan

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Program ID:
281314-7
Category:
Call-In
Format:
Call-In
Location:
Washington, District of Columbia, United States
First Aired:
Sep 24, 2008

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  • Sep 24, 2008 | 8:34am EDT | C-SPAN 1
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