WASHINGTON, Feb 24 (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday that government equity stakes in banks should be temporary and that it should come with some accountability from their directors.
'If we're making the investment we should have equity in them and that equity should bring with it some accountability from their boards of directors,' Pelosi, a Democrat, told reporters.
'I don't know what you would call that but I do think it should be transitional and not something that is the wave of the future,' she said.
(Reporting by Jeremy Pelofsky, editing by Jackie Frank) Keywords: FINANCIAL/EQUITY PELOSI (jeremy.pelofsky@thomsonreuters.com; +1 202 898 8391; jeremy.pelofsky.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'If we're making the investment we should have equity in them and that equity should bring with it some accountability from their boards of directors,' Pelosi, a Democrat, told reporters.
'I don't know what you would call that but I do think it should be transitional and not something that is the wave of the future,' she said.
(Reporting by Jeremy Pelofsky, editing by Jackie Frank) Keywords: FINANCIAL/EQUITY PELOSI (jeremy.pelofsky@thomsonreuters.com; +1 202 898 8391; jeremy.pelofsky.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.