In a CNBC interview this morning, billionaire Wilbur Ross of Atlanta, Ga said that passage of the Senate amendment last evening for the "Paulson Plan" with all of its "Christmas tree ornaments" to induce House members to vote for it only shows why the American public is so frustrated with lobbyist influence on Congress in that the members can not resolve serious issues without resorting to political gimmickry.
Ross, who believes that a better solution for the financial markets and the taxpayer is an insurance fund program, and if structured properly his company is willing to invest up to $1 billion in it - further, he believes that many others are willing to put private capital into the program as well because "the math works" for all parties.
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