451-Page Senate Version of "Bailout Bill" Now Online Here

As you know, the U.S. Senate is going to vote on the Senate version of the Bailout Bill, which is now at 451 pages. What are the highlights? As I read past the definitions of the bill, which are many, I find..

1) This interesting text:

18 (4) In order to provide the Secretary with the
19 flexibility to manage troubled assets in a manner de20
signed to minimize cost to the taxpayers, estab21
lishing vehicles that are authorized, subject to super22
vision by the Secretary, to purchase, hold, and sell
23 troubled assets and issue obligations.

This means that there'a mandate to protect Taxpayers from exposure.

2) This provision seeks to curb profiteering:

17 (e) PREVENTING UNJUST ENRICHMENT.—In making
18 purchases under the authority of this Act, the Secretary
19 shall take such steps as may be necessary to prevent un20
just enrichment of financial institutions participating in
21 a program established under this section, including by pre22
venting the sale of a troubled asset to the Secretary at
23 a higher price than what the seller paid to purchase the
24 asset.

For the total bill and to download it, click here.