The details of it are here.
It adds a lot of pork (the fucking Senators just can’t help themselves).
It adds economic changes that are extraneous to the the bailout’s short-term goal.
Most importantly, it still is based around the purchase from the banks of the complex securities that cannot be reasonable valued in any way thus putting the risk/burden on the US taxpayers and away from the bad actors.
It does not need to be this way. Other options exist.
The Senate should vote against this bailout version. If passed, the House should vote against it.
All US citizens should vote against any incumbents supporting this crap.
This time of crises is an opportunity for real leader-heroes to emerge in the U.S. Congress and do the right thing. I fear the U.S. Congress will be found wanting.
Update: I didn’t realize the vote was last night. It passed.