Just press play.
Scott Talbott, chief lobbyist for the Financial Services Roundtable, will spend this week trying to get the best possible deal for his clients — the bankers and investors whose miserable balance sheets almost brought down the global economy last week.
Now those bankers stand to get a bailout from the federal government. Congress and the U.S. Treasury are working out a bill that would allow the Treasury secretary to buy up $700 billion in bad debts.
Talbott says the banking industry does bear some responsibility for things going so wrong, though not sole responsibility. Among his concerns this week: erasing a proposed provision to limit executive pay.
Update: Congress says White House agrees to limit executive pay.
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