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House Republicans say want clean bailout bill


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http://www.reuters.com/article/marketsNews...T00986320080927

 

WASHINGTON, Sept 27 (Reuters) - Republicans in the U.S. House of Representatives said on Saturday there were several issues that still had to be resolved in order to reach a deal on a financial rescue bill.

 

"We want to make sure that not only is it effective for the taxpayer, but that it is a clean bill that does not have special interest demands attached to it," Rep. Adam Putnam of Florida, a member of the House Financial Services Committee, said at a news conference with other House Republicans.

 

The House lawmakers, including Republican leader John Boehner of Ohio, cited a number of provisions that had been sought by Democrats, including funding for an affordable housing trust fund and a provision that would let bankruptcy judges modify mortgages for bankrupt homeowners.

 

(Reporting by Kevin Drawbaugh, Editing by Sandra Maler)

 

latest report is that this is a disaster in the making. Are Dems and Senate Republicans willing to go solo and pass a bill with the President?

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The Democrats are just trying to protect the interests of regular people. The way the bailout plan initially looked, it was pretty much just going to help Wall Street. Clearly that initial proposal is going to seem very different from whatever agreement comes out of Congress.

 

There is no rush as of yet to get this signed into law. Even the Treasury Secretary and Fed Chairman don't believe so.

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