Money Support Dodd’s Plan
posted by September 22 at 16:49 PMon
This is what I imagine this weekend was like in Washington:
I have a suggestion: Contact your representative, and tell them you support Dodd’s plan over the Paulson slush-fund.
Senate Banking Committee Chairman Chris Dodd offered an alternative today to the Bush administration’s financial rescue plan aimed at giving the U.S. Treasury an equity stake when it helps companies burdened by debt.
Dodd, a Connecticut Democrat, is circulating a draft of his bill as Congress seeks to deal with a financial crisis that has been called the U.S.’s worst since the Great Depression.
The Bush administration is proposing a $700 billion plan to buy devalued assets from investment firms to keep the financial system from coming to a halt. Democrats have pledged to act quickly on the measure, even as they seek to create an oversight structure, limit the compensation of executives at the companies benefiting from the rescue and provide mortgage relief for struggling borrowers.
It’s a modest, but essential, set of things to ask for if we’re going to open our wallets.
For Seattle-area people, the numbers are:
Patty Murray: (202) 224-2621
Maria Cantwell: (202) 224-3441
Jim McDermott: 206-553-7170 or 202-225-3106
Dave Reichert: 206-275-3438 or 202-225-7761