Monday, January 12, 2009

They all need special loans like mine!

Dodd: Homeowners need more help

The Senate will not approve more bailout money for banks unless it includes limits on executive pay and help for struggling homeowners, Senate Banking Committee Chairman Chris Dodd said on Monday.

"Executive compensation needs to be dealt with, we mentioned foreclosure mitigation needs to be part of this as well," Dodd, a Connecticut Democrat, said on ABC's "Good Morning America."

"My colleagues in the Senate will not provide any additional funds unless they are assured by the Obama administration that these provisions will be a part of it," he said.

Any additional aid must also include stronger oversight provisions, limits on merger and acquisition activity, and protections for taxpayers, Dodd said.

Yeah if they all just had mortgages like yours they would be set!

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