Doing a little reading on the "new" compromised bailout, and what are these guys doing...

[galileoreloaded]

The first proposal that we railed against said:

"residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages"

The Dodd version includes any instruments:

"The term ‘‘troubled assets’’ means—

(A) residential or commercial mortgages, and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case were originated or issued on or before March 14, 2008; and

(B) upon the determination of the Secretary, in consultation with the Chairman of the Board of Governors of the Federal Reserve System, any other financial instrument, as the Secretary determines necessary to promote financial market stability."

Has the Treasury become a hedge fund?

Are they ALL complicit, and let Paulson overreach knowing we would catch it, only to modify it to the original desire??

Do I have unsubstantiated trust issues??

[Eric J in MN]

1. It's not the job of the government to give cash-for-trash...

...when an investment bank makes a bad investment.

This whole plan is rotten.