$700 billion rescue plan

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Waxman Has a Few Questions for Bank CEO’s

Rep. Henry Waxman (D-Calif.) is again focusing on the hard-to-fathom salaries of financial executives, writing to the CEO’s of the nine banks that were partly nationalized as part of the Treasury Dept.’s $700- billion rescue plan.
Waxman, chair of the House oversight committee, points out that Treasury spent a combined $121 billion to buttress these banks, [...]