From Office of Speaker Nancy Pelosi -- Sept. 28, 2008
REINVEST, REIMBURSE, REFORM
IMPROVING THE FINANCIAL RESCUE LEGISLATION
Significant bipartisan work (necessary for political cover) has built consensus (found enough votes) around dramatic improvements (hopefully Constitutional now) to the original Bush-Paulson (tied to the outgoing adminstration) plan to stabilize American financial markets -- including cutting in half the Administration's initial request for $700 billion and requiring Congressional review for any future commitment of taxpayers' funds (Lie. This still authorizes up to $700b just in phases that require no votes to disburse.). If the government loses money, the financial industry will pay back the taxpayers.
3 Phases of a Financial Rescue with Strong Taxpayer Protections
End the first chunk. When being force fed a sh¡t sandwich start with small bites and work up an appetite.
Bill Marsh of the NYT provides an excellent graphic of how large.