'Breakthrough' reached on bailout deal

[ploto]

I'm afraid to post this because of what happened last time, but here goes.

Congressional leaders and the Bush administration have reached a tentative deal on a bailout of imperiled financial markets that could cost taxpayers hundreds of billions of dollars.The House could vote on it Sunday and the Senate on Monday...

http://www.cnn.com/2008/POLITICS/09/....ap/index.html

[cool hand]

ing bull

[Xylus]

I'd say that's a Breakdown, not a Breakthrough.

[Aggie Hoopsfan]

Some of the details are coming out. We're all getting screwed.

Basically gives Paulson free reign but the appearance of some teeth in the bill as far as oversight and keeping taxpayers off the hook for the tab.

Of course, any assessment about impact to taxpayers is set to be done 4 years from now By then Pelosi will have slipped some rider on a bill that kills that provision and Wall Street and D.C. will be laughing all the way to the bank on the back of American taxpayers.