According to reports late tonight, negotiators have (re-)reached a tentative deal on the bailout of the financial system. Full story here, but the gist as follows:
- $700-billion in total
- $350-billion immediately, with some of that earmarked for the insurance initiative championed by House Republicans
- "Reasonable" limits on severance packages
- Warrant coverage
- Some sort of tithing of the financial sector in five years if the bailout isn't profitable
- Government must renegotiate bad mortgages it acquires to try to keep people in houses
- Full text Sunday, as is a House vote, and then a Senate vote Monday
This is the same plan as Thursday... After 3 days of negotiating....... It's the same fucking thing.....
Thank God McSame came in and Got McSame Program.... He Saved us from Himself... and his Tax cuts for the rich and deregulation....
What a Joke
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