So we have this bailout that is needed for Wall Street to survive. The only problem is that Wall Street wants the plan carved their way or no way. From the WSJ:
House Republican staffers met with roughly 15 lobbyists Friday afternoon, whose message to lawmakers was clear: Don't load the legislation up with provisions not directly related to the crisis, or regulatory measures the industry has long opposed.
"We're opposed to adding provisions that will affect [or] undermine the deal substantively," said Scott Talbott, senior vice president of government affairs at the Financial Services Roundtable, whose members include the nation's largest banks, securities firms and insurers.
A deal killer for the group: a proposal that would grant bankruptcy judges new powers to lower the principal, interest rate or both on a mortgage as part of a bankruptcy proceeding.
I think the most ironic part is that the lobbyists know the only hope they have of getting this wish is to lobby the minority party. Why is that? Because the minority party is the party that will listen to them. So they expect us to give them nearly a trillion dollars with no strings attached. Time for the Democrats to give them a big "fuck off" and make it known they are there to protect the people - not the financial big wigs.