Sunday, September 21, 2008

Pelosi: "Insulate Main St. from Wall St."

CNN Money reports this:

Democrats want the measure to include independent oversight, homeowner protections and limits on executive compensation, House Speaker Nancy Pelosi, D-Calif., said in a statement early Sunday evening.

"We will not simply hand over a $700 billion blank check to Wall Street and hope for a better outcome," she said.

Pelosi said that Congress will take action on the bailout this week but will act "to insulate Main Street from Wall Street."

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