My prescription for the bailout:
- Limit it to $250bn-$350bn for right now
- Congress can issue a cease and desist at any time
- Eliminate any executive pay limitations (or at least don't make them a deal-breaker)
- Require the Treasury to pay market or near-market prices (by, say, requiring $2-3 billion of the instruments be put on the market before the Treasury spends serious money; use that price for the Treasury purchases)
- Don't dilute the bill with help for homeowners or capital gains tax cuts (the repubs are ridiculuously pushing for capital gains tax cuts as their "contribution")
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