I really like the fact that this is openly being called a bailout by all sides, no "financial market stablization" code language or anything. I have no doubt the administration would have preferred some nice focus-grouped language to hide what it really is, and I'm very happy that they're not getting it.

I haven't examined Rep. Garrett's position, so I'm not in the position to make any accusations, but the cynic in me immediately thought of this article:

http://www.thenextright.com/patrick-ruffini/republicans-should-vote-against-the-bailout

I'll be keeping on this to check for these incredibly cynical motives.

The bail-out legislation needs to include the following:

"Any corporation that turns over more than $100 million in instruments to the United States or its assigns agrees that any and all corporate officers and members of its board of directors, holding those positions on or after June 1st, 2007, will not hold officer or board positions in any publicly-traded U.S. corporation for a period of ten years from the date of the transaction."

These people are demonstrably incompetent at their chosen field, and have a criminal disregard for their shareholders and their country. They have to be removed from the field.

1st) there is this sense of urgency as if it has to be done immediately before the election(thought they knew it was coming for some time)

2nd)It is to be controlled by one person whose actions cannot be questioned or changed in any way, without judicial oversight or congressional review or deliberation.

As senator Sanders claims if a company becomes so big that it cannot fail without negatively impacting our entire economy then it shouldn't exist in the first place. He also asks why the government rushes to bail out these corporations but does nothing to bail out the thousands of workers being foreclosed on or who have lost their jobs as a result of republican economic policies.

I believe we should act like the IRS does when someone is caught cheating on their taxes and confiscate all of the holdings and properties of those people who profiteered from the actions of these failing companies the past 8yrs. I submit that there would be enough there to pay for most of the "bailout" debts without having to place that burden on the taxpayers.

I also see this as the situation that will be used to get legislation passed that would never have gotten passed except in response to this disaster...like privatizing social security and ending all entitlement programs such as Medicaid and energy assistance. Those already receiving SS benefits would be told that the treasury no longer has the money to continue to make these payments etc.

The government should be focused on bailing out people not corporations whose owners have profiteered greatly from years of unregulated greedy practices. Using tax payer dollars to pay off corporate losses when owners are complaining about having to possibly lose one of their jets or condos is not fair and shouldn't be made legal.

Where exactly is the proposed money going...to whom and for what. When wealthy people start talking about bail outs paid for by poor people...while people like McCain can't tell you exactly how many houses they own...it's hard to feel sympathetic. Taxes that come from people who have to super glue their dentures together because they can't afford new ones to children wondering where mommy is gonna' live or what school they will get to go to if any at all...sshhh....unregulated markets will solve everything except when they don't.