Speaker of The House, Nancy Pelosi addressed the media today, and announced the a 700 billion dollar bailout plan has been agreed upon, and was sent to the house for a vote on tomorrow. Pelosi took offense to President Bush's plan, saying that his version would give the secretary of treasury unlimited access to do with the bill as he see's fit, with no regulations. Pelosi expressed real concern with how Bush's plan would not protect the American tax payer. With Bipartisan support, it seems the plan has a chance.
Pelosi also said that both presidential candidates have signed on to the bill. A big ammendment that the Democrats put into place was that no Wall Street executives would ride off into the sunset with hundreds of millions of dollars, otherwise known as "Golden Parachutes." It was announced that there would be congressional hearings in order to establish who exactly is to blame for getting the countries economy in such a mess.
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