Barney Frank Looks for Limits on GSE Bailout

Well, the head of the House Financial Services Committee is saying that there limits on executive pay and dividends as a quid pro quo for any deal being done.

He's talking about inserting language into the bill which would require regulatory approval of senior executive pay, and that any government purchased stock would be first in line for dividend payments.

Additionally, he's looking at language to explicitly tie any monies involved in the bailout to the Federal Debt limit, which is responsible thing to to.

I think that Frank is one of the 10 best congresscritters out there.