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Entries tagged "Pelosi"Pelosi and the new Pecora hearingsHouse speaker Nancy Pelosi has announced plans to begin a new Pecora-type commission; never mind the fact that unlike Ferdinand Pecora's era, the Depression, Congress no longer has the same control over the debate it once had. House leaders spell out auto conditionsCongressional Democrats sent letters to the heads of Chrysler and GM, urging them to describe specifically how they will position their companies to become competitive. Video: Pelosi supports car czar and suggests VolckerAs negotiations continue over details of a federal aid package for the automakers, support seems to be growing for the appointment of a government overseer to monitor the car companies. House Speaker Nancy Pelosi, D-Calif., speaking Tuesday morning on NBC's "Today Show," said she supports the concept of a so-called car czar as a way to alleviate concerns that management left on their own would not do enough to solve the companies' problems. ... Pelosi, Reid spell out what Detroit's bailout pitch must coverHouse Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., Friday sent a letter to the Big Three U.S. auto executives, calling on them to "submit a credible restructuring plan that results in a viable industry, with quality jobs, and economic opportunity for the 21st century while protecting taxpayer investments" by Dec. 2. The Capitol Hill leaders said the quality of the plans will determine whether they call Congress back into session the week of Dec. 8 to vote on a bailout of the U.S. car industry. ... Limits on pay, parachutes should accompany auto industry aid, Pelosi saysHouse Speaker Nancy Pelosi, D-Calif., Tuesday called on Congress and the Treasury to provide limited emergency financial assistance to the automobile industry under the Emergency Economic Stabilization Act. "In order to prevent the failure of one or more of the major American automobile manufacturers, which would have a devastating impact on our economy, particularly on the men and women who work in that industry, Congress and the Bush administration must take immediate action," she said. ... Congress issues draft of bailoutRepublican and Democratic lawmakers in the House and Senate reached a compromise with Treasury Secretary Henry Paulson early Sunday morning over how to move forward on a $700 billion Wall Street bailout plan (see draft here). ... Frank: Open to adding insurance to bailout billAn 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.... McCain calls for Cox's headThe presidential candidates and members of Congress have the good fortune not to have any immediate responsibility for addressing the carnage on Wall Street, because judging by their knee-jerk comments from the campaign trail and Capitol Hill, it's probably the American economy's good fortune too. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Pelosi." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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