Corporations can profit from bad investments with the Bush plan.

[Eric J in MN]

Suppose a corporation paid a million dollars for a mortgage-related investment.

The investment is now worth $0 in the private sector.

The corporation can sell the investment to the federal government for $2 million and make a profit of $1 million.

There is nothing in the bill requiring the government to buy the investments for less than what the corporation paid for them.

Proposed Legislation from Bush Administration

[The Wielding Truth]

1. That's a lot of power to be given to the Secretary of Treasury!

[Eric J in MN]

2. I'm against the whole bill,

...but if Congress is determined to pass it, at least they should add an amendment to stop Henry Paulson from paying MORE than what corporations paid for the investments they want to sell to the government.

[The Wielding Truth]

3. If there's a brain on our side there will be a protective line in

this bill.