29 September 2008

W.Va. and The Bailout

The Associated Press queried each member of West Virginia's congressional delegation about a dozen of the more prominent provisions of the various Wall Street rescue proposals under discussion on Capitol Hill.

U.S. Sen. Jay Rockefeller, D-W.Va., proved the most specific with his responses. Of the rest, there appeared a consensus that any bailout plan "should require independent oversight of its spending, and impose some limits on executive compensation at the banks seeking rescue," AP reports.

Of the challenger candidates this year, only Republican Marty Gearheart answered each question posed.

AP also details the bailout (or "buy-in") agreement, with a House vote expected Monday and the Senate's on Wednesday.

The Parkersburg News also hears from Rockefeller about the pending legislation.

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