[quote=KIBU][quote] Attached to one of the many previous versions of the bailout was the ugly provision to LET JUDGES HALT FORECLOSURES [/quote]

I read on the Washington Post that the Democrats have pretty much accepted to forget about that wish to let judges halt foreclosure. So I think that idea is pretty much dead.

…but who knows, maybe it will sneak in again, very low chance though. [/quote]

Apparently not….

http://money.cnn.com/2008/09/25/news/economy/deal_reached/index.htm?postversion=2008092513
[quote]
Treasury will also get an equity stake in the companies being helped by the bailout, though what type remains to be worked out.

Still to be worked out is whether to allow bankruptcy judges to modify mortgage terms, a provision backed by many Democrats and community activists but opposed by Republicans and the banking industry,
[/quote]

What is apparent from all this congress bickering is one thing that I’ve said so many times, and I’ll repeat it again. The best governments often times are the ones that are inept at actually getting anything done. And maintaining the appropriate bi-partisan balance in the government is critical to keeping this check and balance. I’m less scared about these banks failing. I’m more scared about what a 1 party government in the coming election is going to be able to get done to “fix” this problem.
as I was terrified in a Bush + Rep Congress when that happened. It’s starting to look really really bad for the next 8 years.
There’s no point in delaying this recession…Not looking forward to it, but humility does humanity some good every so often.