The 700 Billion Dollar Bill Released

• The $700 billion would be disbursed in stages, with $250 billion made available immediately for the Treasury's use.
• Curbs will be placed on the compensation of executives at companies that sell mortgage assets to Treasury. Among them, companies that participate will not be allowed to offer golden parachutes to executives; they will not be able to deduct the salary they pay to executives above $500,000.
• An oversight board will be created. The board will include the Federal Reserve chairman, the Securities and Exchange Commission chairman, the Federal Home Finance Agency director and the Housing and Urban Development secretary.
• Allow for the Treasury to receive the option to take ownership stakes in participating companies under certain circumstances.
• Treasury may establish an insurance program - with risk-based premiums paid by the industry - to guarantee companies' troubled assets, including mortgage-backed securities, purchased before March 18, 2008.

--------------------------------------------------------------------------------------------------
The Perspective:

Wow, simply wow. I'll say right now that I'm very, very impressed with the way Congress worked together to get this bill right. But is it right?

Not entirely. The nation is still using OUR taxpayer dollars to buyout, these greedy fucking companies. But at least the money (700 Billion) will be released in stages, making sure that this bailout plan is working.

We've got the 'golden parachutes' taken care of.(big issues for me) The executives will still be paid, but no fucking way will they be paid 22 million dollars.(as was wanted to being with)

So my fellow Americans. Now all we do is wait till tomorrow, and lets see if they pass this big fucker. If they do. Great, but only if it works. If it doesn't work.(I hope it does...we all hope it does) We are royally fucked. Prepare yourselves...for the worst.