Posted AT 9:52 PM EST on 28/09/08
Congress compromise strives to ‘mollify voters'
KEVIN CARMICHAEL
From Monday's Globe and Mail
OTTAWA U.S. congressional leaders are seeking to make the biggest financial rescue since the Great Depression easier for voters to stomach by proposing curbs on bankers' salaries and insurances that financial institutions ultimately cover any losses incurred by taxpayers.
Marathon talks in Washington ended Sunday with a compromise between Democrats and Republicans that would make as much as $700-billion (U.S.
The full text of this article has 946 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -268.14 | 8,567.59 |
| DJIA | -211.71 | 8,213.04 |
| S&P 500 | -29.91 | 829.21 |
| Nasdaq | -54.27 | 1,429.00 |
Technology 
- Finding the perfect gadget
- Need a present for mom, dad, son, daughter, friend, colleague?
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | Carney signals further interest rate cuts 10:12 AM
|
| 2. | GM Canada beset by pension crisis 1:00 AM
|
| 3. | McGuinty sees smaller auto industry despite aid 11:21 AM
|
| 4. | How David Dodge would fix the financial system 9:21 AM
|
| 5. | Toyota shuts North American plants for two days 12:04 PM
|
| 6. | China wary of unrest as economy slows 7:40 AM
|
| 7. | At Harvard, it's business as usual 1:01 AM
|
| 8. | Gold jumps to one-week high 10:32 AM
|
| 9. | Scotiabank hit with heavy charge in quarter 18/11/08 7:51 PM
|
| 10. | U.S. consumer prices drop 1 per cent 8:52 AM
|
| Rank | Headline |
|---|---|
| 1. | Four bodies found in Toronto house, police say 11:28 AM
|
| 2. | Carney signals further interest rate cuts 10:12 AM
|
| 3. | GM Canada beset by pension crisis 1:00 AM
|
| 4. | Al-Qaeda No. 2 insults Obama 11:38 AM
|
| 5. | McGuinty sees smaller auto industry despite aid 11:21 AM
|
| 6. | Indian navy destroys pirate boat 5:22 AM
|
| 7. | 'I watched my girlfriend cut her brother's throat,' accused says on tape 4:42 AM
|
| 8. | Couple expecting twins denied separate leaves 4:19 AM
|
| 9. | How David Dodge would fix the financial system 9:21 AM
|
| 10. | Toyota shuts North American plants for two days 12:04 PM
|
| Rank | Headline |
|---|---|
| 1. | Conversation cops step in to school students 3:56 AM
|
| 2. | GM Canada beset by pension crisis 1:00 AM
|
| 3. | 'Discrimination eats away at you - and increases your chance of mental illness' 3:37 AM
|
| 4. | The PC who cried wolf 12:00 AM
|
| 5. | Ricotta ravioli with walnut pesto 9:11 AM
|
| 6. | At Harvard, it's business as usual 1:01 AM
|
| 7. | Susur's N.Y. moment 8:39 AM
|
| 8. | Scotiabank hit with heavy charge in quarter 18/11/08 7:51 PM
|
| 9. | Couple expecting twins denied separate leaves 4:19 AM
|
| 10. | Carney signals further interest rate cuts 10:12 AM
|
The Law Page 

- Bay Street under the gun
- Disclosure ruling in class actions has created 'real fear out there'
Globe Investor Magazine 

- Centre of the storm
- The 10 most powerful people in the investment industry
Forbes.com 

- Your investing personality
- Knowing your good and bad tendencies and making allowances for them can make you a better investor
Restaurant Diary 

- It's always something at Joey Fiasco's
- Life on the front lines of an appropriately-named new business
ROB Magazine 

- You picked a fine time to leave, Chuck
- Why we'll miss RBC Capital Markets' Chuck Winograd
Adhocracy 

- Read My Lips: Xbox 360
- Plus: Motrin Moms 2
The Breakthrough 

- Turning hair care into a piece of Cake
- An original idea, a big risk, and thoughtful development helped a Toronto entrepreneur expand her beauty company into a sweet-smelling success
Incubator Feature 

- Slow and steady growth should pay off for spud distillery
- A small PEI vodka distillery seeks to expand their customer base, and add whisky to the product mix. A highly regulated marketplace is proving to be a challenge




BARRIE McKENNAAuto execs plea for lifeline to stave off total collapse
FABRICE TAYLORThe way it's going for Nortel, maybe it's time to turn out the lights
JOHN HEINZLBehold the magic moving average: It's not perfect, but it's close