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Reuters: Frank would cap executive pay in financial rescue

Started by counter, September 22, 2008, 02:01:03 AM

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Frank would cap executive pay in financial rescue
      


WASHINGTON (Reuters) - Rep. Barney Frank on Sunday proposed including executive pay limits and foreclosure mitigation efforts in the Treasury Department's $700 billion financial bailout plan aimed at absorbing bad mortgage assets that have paralyzed the U.S. financial system.
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