The historic bailout proposed by the Treasury has taken a political turn, but not in a partisan fashion. There are lots of Congressional skeptics of both stripes. The issue, frankly, is well made for anyone running for office, as it allows him or her to wax on from a populist perspective. There are some very good points to be made. To a lot of people, asking the public to bail out Wall Street seems downright unfair. Taking "Wall Street pain and spreading it to the taxpayers," as one Senator put it. We'll see how all this gets hammered out. The big issues remain accountability and some sort of control over how Treasury proceeds, whether to require some sort of salary controls, whether judges can exert influence over individual mortgage holders, and how to protect taxpayers' investment. Some sort of equity warrants may be included in the final deal. 

For more:
- here's a New York Times article

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