Entries tagged "Cantor"
An insurance plan pushed by a cadre of Republican members of the House of Representatives would mean lawmakers would have to "start from scratch" and legislation would not be approved in a timely manner. At least that's the perspective of House Financial Services Committee Chairman Barney Frank, D-Mass., about a measure introduced by Rep. Eric Cantor, R-Va., that would mostly replace the government mortgage-backed asset purchase plan with a proposal to have the federal government insure mortgage-backed securities. Frank late Friday acknowledged that Democrats could agree to some insurance plan as part of the overall deal....
Senate Majority Leader Harry Reid, D-Nev., Friday morning sought to shore up support for a $700 billion Wall Street bailout plan after new House GOP members continued to raise concerns about it. ...
