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<FONT face=Arial></FONT><STRONG>I love the way last Tuesday's "The Oregonian" broke down $700 billion into terms even a school kid could grasp. . . . . 4,590 McDonald's apple pies for every American. Right on the front page. . . part of the headline.</STRONG><BR>
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<STRONG>This morning my daughter forwarded a $85 billion plan that would benefit everyone of us, not just AIG, which I'll share with you below.</STRONG><BR>
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<STRONG>Folks, I hate to break the bad news to you, but. . . . don't hold your breath waiting for your apple pies to arrive. And you sure as heck aren't included in the $85 billion AIG bailout either.</STRONG> <BR>
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<STRONG>Ellen A. Roskovich</STRONG><BR>
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<FONT face=Arial>Too bad the brilliant brain trust running for office havent thought of this...<FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT></FONT><BR><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> I'm against the $85,000,000,000.00 bailout of AIG.</SPAN></FONT></FONT></DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Instead, I'm in favor of giving $85,000,000,000 to all Americans as a 'Dividend'.</SPAN></FONT></FONT></DIV>
<DIV style="MIN-HEIGHT: 14px; FONT: 12px Helvetica"><FONT class=EC_EC_Apple-style-span face=Arial><BR></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">To make the math simple, let's assume there are 200,000,000 bonafide U.S. Citizens 18+</SPAN></FONT></FONT></DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Our population is about 301,000,000 +/- counting every man, woman and child.</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">So 200,000,000 might be a fair stab at adults 18 and up..</SPAN></FONT></FONT></DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">So divide 200 million adults 18+ into $85 billion that equals to a hefty '$425,000.00'</SPAN></FONT></FONT></DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">My plan is to give $425,000 to every person 18+ as a 'Dividend'</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Of course, it would NOT be tax free. So let's assume a tax rate of 30%.</SPAN></FONT></FONT></DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Every individual 18+ has to pay $127,500.00 in taxes. That sends $25.5 Billion right back to Uncle Sam.</SPAN></FONT></FONT></DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">But it means that every adult 18+ has $297,500.00 in their pocket.</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">A husband and wife have $595,000.00.</SPAN></FONT></FONT></DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">What would you do with $297,500.00 to $595,000.00 in your family?</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Pay off your mortgage, 'housing crisis solved'</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Repay college loans, a great boost to new grads'</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Put away money for college, it'll be there'</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Save it in a bank 'create money to loan to entrepreneurs'</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Buy a new car 'create jobs'</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Invest in the market, capital drives growth'</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Pay for your parents medical insurance, 'health care improves'</SPAN></FONT></FONT></DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company</SPAN></FONT></FONT></DIV>
<DIV style="MIN-HEIGHT: 14px; FONT: 12px Helvetica"><FONT class=EC_EC_Apple-style-span face=Arial><BR></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">If we're going to re-distribute wealth let's really do it..instead of trickling out</SPAN></FONT></FONT></DIV>
<DIV style="MIN-HEIGHT: 14px; FONT: 12px Helvetica"><FONT class=EC_EC_Apple-style-span face=Arial><BR></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+</SPAN></FONT></FONT></DIV>
<DIV style="MIN-HEIGHT: 14px; FONT: 12px Helvetica"><FONT class=EC_EC_Apple-style-span face=Arial><BR></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">As for AIG, liquidate it and Sell off its parts.</SPAN></FONT></FONT></DIV>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up.</SPAN></FONT></FONT></DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">Here's my rationale. We deserve it and 'AIG doesn't' we were not invited to the last 10 years of 'party time' bonuses</SPAN></FONT></FONT></DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman"><SPAN class=EC_EC_Apple-converted-space><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px"> </SPAN></FONT></SPAN><FONT class=EC_EC_Apple-style-span face=Arial size=3><SPAN class=EC_EC_Apple-style-span style="FONT-SIZE: 12px">And remember, That this plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.</SPAN></FONT></FONT></DIV>
<DIV style="MIN-HEIGHT: 14px; FONT: 12px Helvetica"><BR></DIV><FONT style="FONT: 10px Times New Roman" face="Times New Roman" size=2><SPAN class=EC_EC_Apple-converted-space> </SPAN> </FONT><BR><FONT style="FONT: 10px Times New Roman" face="Times New Roman" size=2><SPAN class=EC_EC_Apple-converted-space> </SPAN> </FONT><BR>
<DIV><FONT style="FONT: 10px Times New Roman" face="Times New Roman" size=2><SPAN class=EC_EC_Apple-converted-space> </SPAN>Find phone numbers fast with the New AOL Yellow Pages </FONT><FONT style="FONT: 10px Times New Roman; COLOR: #0000ee" face="Times New Roman" color=#0000ee size=2><<A href="http://yellowpages.aol.com/?NCID=emlweusyelp00000001" target=_blank>http://yellowpages.aol.com/?NCID=emlweusyelp00000001</A>></FONT><FONT style="FONT: 10px Times New Roman" face="Times New Roman" size=2> !</FONT><FONT style="FONT: 10px Verdana" face=Verdana size=2> </FONT></DIV><BR><BR>> To: vision2020@moscow.com<BR>> From: thansen@moscow.com<BR>> Date: Sun, 28 Sep 2008 20:16:40 +0000<BR>> Subject: [Vision2020] Rescue Bill Revealed<BR>> <BR>> >From CNN at:<BR>> <BR>> http://www.cnn.com<BR>> <BR>> --------------------------------------------------------<BR>> <BR>> Rescue bill revealed<BR>> Proposed legislation details plan to enact historic bailout of nation's <BR>> financial system.<BR>> <BR>> NEW YORK (CNNMoney.com) -- The federal government would provide as much as <BR>> $700 billion in a far-reaching plan to rescue the nation's troubled <BR>> financial system, according to a draft of the proposed bill obtained by <BR>> CNN.<BR>> <BR>> The legislation is still being negotiated and elements of the bill could <BR>> still change.<BR>> <BR>> The core of the bill is based on Treasury Secretary Henry Paulson's <BR>> request for authority to purchase troubled assets from financial <BR>> institutions so banks can resume lending and so the credit markets, now <BR>> virtually frozen, can begin to operate more normally.<BR>> <BR>> But Democrats and Republicans - concerned about the potential taxpayer <BR>> cost - have added several conditions and restrictions. Key negotiators for <BR>> the financial rescue plan will be busy trying to line up votes on Capitol <BR>> Hill on Sunday to support the accord they reached soon after midnight.<BR>> <BR>> Among the provisions of the draft bill:<BR>> <BR>> - The $700 billion would be disbursed in stages, with $250 billion made <BR>> available immediately for the Treasury's use.<BR>> <BR>> - Curbs will be placed on the compensation of executives at companies that <BR>> sell mortgage assets to Treasury. Among them, the bill would limit golden <BR>> parachutes to executives at companies that participate; they will not be <BR>> able to deduct the salary they pay to executives above $500,000.<BR>> <BR>> - An oversight board will be created. The board will include the Federal <BR>> Reserve chairman, the Securities and Exchange Commission chairman, the <BR>> Federal Home Finance Agency director and the Housing and Urban Development <BR>> secretary.<BR>> <BR>> - Allow for the Treasury to receive the option to take ownership stakes in <BR>> participating companies under certain circumstances.<BR>> <BR>> - Treasury may establish an insurance program - with risk-based premiums <BR>> paid by the industry - to guarantee companies' troubled assets, including <BR>> mortgage-backed securities, purchased before March 18, 2008.<BR>> <BR>> Lawmakers' goal is to shore up a deal before financial markets around the <BR>> world open on Sunday evening.<BR>> <BR>> Treasury Secretary Henry Paulson first announced the administration would <BR>> seek an economic bailout plan on Sept. 18, after meeting with key <BR>> lawmakers in the House and Senate - a meeting that left lawmakers looking <BR>> ashen when they spoke to the press afterwards.<BR>> <BR>> If enacted, the rescue plan would be the most dramatic and extensive <BR>> government intervention in the economy since the Great Depression. <BR>> President Bush on Sept. 24 gave a prime-time address to the nation in <BR>> which he urged lawmakers to pass his plan and warned that the "entire <BR>> economy is in danger."<BR>> <BR>> The aim of the rescue is to unfreeze the credit markets - short-term <BR>> lending among banks and corporations. The core of the problem is bad real <BR>> estate loans that have led to record foreclosures when the housing bubble <BR>> burst and home prices declined.<BR>> <BR>> In the past two weeks, the banking world and Wall Street have been <BR>> reordered by a wave of collapses and corporate mergers. The most recent <BR>> development was the seizure by federal regulators on Thursday night of <BR>> Washington Mutual, once the nation's largest thrift and a major mortgage <BR>> lender.<BR>> <BR>> Pain on Main Street, risk to taxpayers<BR>> The chill of the credit freeze has been felt far beyond Wall Street, as <BR>> well. Businesses large and small have seen the cost of borrowing spike <BR>> higher.<BR>> <BR>> At the same time, the scale of the administration's plan - and the quick <BR>> pace of the debate over it - has given pause to many Americans and <BR>> lawmakers worried about its potential cost to taxpayers.<BR>> <BR>> "We begin with a very important task, a task to stabilize the markets, to <BR>> protect all Americans - and do it in a way that protects the taxpayer to <BR>> the maximum extent possible," Paulson said early Sunday morning.<BR>> <BR>> --------------------------------------------------------<BR>> <BR>> Seeya round town, Moscow.<BR>> <BR>> Tom Hansen<BR>> Moscow, Idaho<BR>> <BR>> "We're a town of about 23,000 with 10,000 college students. The college <BR>> students are not very active in local elections (thank goodness!)."<BR>> <BR>> - Dale Courtney (March 28, 2007)<BR>> <BR>> <BR>> ---------------------------------------------<BR>> This message was sent by First Step Internet.<BR>> http://www.fsr.com/<BR>> <BR>> <BR>> =======================================================<BR>> List services made available by First Step Internet, <BR>> serving the communities of the Palouse since 1994. <BR>> http://www.fsr.net <BR>> mailto:Vision2020@moscow.com<BR>> =======================================================<BR><br /><hr />Get more out of the Web. Learn 10 hidden secrets of Windows Live. <a href='http://windowslive.com/connect/post/jamiethomson.spaces.live.com-Blog-cns!550F681DAD532637!5295.entry?ocid=TXT_TAGLM_WL_getmore_092008' target='_new'>Learn Now</a></body>
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