Local Professor Reacts To Bailout Plan

By: Christine Kennedy
By: Christine Kennedy

In an effort to counter the Bush administration's $700 billion dollar financial bailout plan a group of key lawmakers agreed on principles to protect taxpayers and ensure oversight.

It's a decision that comes not a moment too soon according to economics professor, Dr. Randall Parker.

Under the congressional version of the bailout , lawmakers say taxpayers would be protected and executive pay packages at participating firms will be curbed.

The final deal has not yet been set. Lawmakers said they wanted to send a message to the markets to calm down.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 29774074 - witn.com/a?a=29774074
Gray Television, Inc.