Thank God for John McCain: just yesterday, the bailout plan was in ruins, and now, thanks entirely to his timely
opportunism stunt suspension of campaign-related activities a deal has now been made.
...anyone know if his plane has even reached DC yet?
TEN-SECONDS-LATER UPDATE: The Kos diary says he just got out of his limo and into his office. Ha.
The WSJ has details, which generally looks favorable to the more Democratic position on this:
Much is still uncertain and the contours of a likely bill could change. But the outlines of a potential compromise began to emerge late Wednesday after congressional leaders started considering restrictions on the bailout plan that could break the pool of money into installments.
A likely bill would include limits on executive pay in situations where the government puts a large amount of money into a failing institution. In certain cases, the government could receive warrants that would give it the right to acquire shares in the company. Also included is beefed-up oversight through the Government Accountability Office, an investigative arm of Congress.