Hank an the boys know what they have done
City and State governments can no longer run
Once again to take the little man for a ride
By bailing out those whose ripoff they deny!
Why are these men left to walk on the street
Instead of buried under the jail
Where they deserve to be
Tax Rebates
The House of Representatives will pass legislation to implement the plan by the end of next week, and the Senate will act soon after, Frank said. The second stimulus package may include infrastructure funds, low-income energy aid and Medicaid assistance. It won't contain tax rebates for families, he said.
``It's a lot of aid to the states and cities so they can keep spending, and on socially useful stuff,'' Frank said.
Congress will move next year to place Wall Street firms under rules similar to those governing commercial banks such as capital requirements and limits on leverage, he said.
Commercial banks ``are examined and they can't make loans that are too risky,'' Frank said. ``And because they have to have a minimum amount of capital, they can't get so extended to a point where they owe 30,40, 50 times as much as they can put up.''
He endorsed the SEC's decision
