The Mudcat Café TM
Thread #114650   Message #2457468
Posted By: Q (Frank Staplin)
05-Oct-08 - 12:36 AM
Thread Name: BS: The Bailout
Subject: RE: BS: The Bailout
The text of the bill may be found here (Huffington Post):
Emergency Economic Stabilization Act

Most posters here seem to prefer to invent their own fantasy versions, but one or two may be interested in the provisions of this long term plan and its ramifications.

A little easier to comprehend is the 'breakdown' published by the Washington Post:
Emergency Economic Stabilization Act

Amendments added in the Senate, bringing the bill to 451 pages-
Senate Amended
Pages 197-451.
The "pork," so-called, is in these pages. Without it, the bill would not have passed.

Paulson is given "broad latitude to purchase any assets from any firms at any price and to assemble a team of individuals and institutions to manage them."
Washington Post article by Montgomery and Kane.

If my links fail, google will find the articles easily.