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At a meeting at the White House that included President Bush, top lawmakers and both presidential candidates, House Minority Leader John A. Boehner (R-Ohio) floated a new plan for addressing the crisis that has hobbled global markets.
Under the alternative Republican plan, the government would set up an expanded insurance system, financed by the banks, that would rescue individual home mortgages. The government would not have to buy up the toxic mortgage-backed assets that are weighing down...
Originally posted by TheAgentNineteen
House Republicans Float Alternate Plan
Under the alternative Republican plan, the government... would rescue individual home mortgages.
The government would not have to buy up the toxic mortgage-backed assets that are weighing down...
But, Bachus said, "John's not trying to call the shots for the House caucus, I can tell you that. He's just opposed to the plan in its present form."