Robert Reich predicts enactment of a scaled-down bill by the end of the week.

[jefferson_dem]

Prediction: A scaled-down bill will be enacted by the end of the week. It will provide the Treasury with a first installment of $150 billion. Treasury can use it to back Wall Street’s bad debts with lend no-interest loans of up to two years, until the housing market rebounds. Or to invest in Wall Street houses directly, in exchange for stocks and stock warrants. There will be strict oversight. Congressional leaders will promise further installments, but with conditions calling for limits on salaries and relief to distressed homeowners.

http://robertreich.blogspot.com/2008/09/stalled-deal.html

[maseman]

1. Reich is a bright guy and I agree with him

[TheDonkey]

4. I agree. I'd trust him over Paulson or other Bush cronies.

ANYDAY

[RichardRay]

2. I'll go with that...

anything the Short Smart Guy says is usually fine with me.

[Mojambo]

3. Reich's the only Clinton economic adviser I really have any use for

He's been a very good voice over the last couple of weeks.

[mzmolly]

5. I like Reich.

I hope he's right?

[whistle]

6. No bailout without protection of homeowners and repayment of bailout money, plus oversight

...control, regulation and criminal prosecutions of fraud and theft

[tigereye]

7. he's so sane - I love that guy...