cbs2.com - Revised $700 Billion Financial Bailout Rescue Plan Heads To House After Passing Senate

"The core of the plan remains little changed from its conception - the Treasury Department would have $700 billion at its disposal to purchase bad mortgage-related securities that are weighing down the balance sheets of institutions that hold them. The flow of credit has slowed, in some cases drying up, threatening the ability of businesses to conduct routine operations or expand.

At the same time, lawmakers have dramatically changed the measure, insisting on greater congressional supervision over the $700 billion, taking measures to protect taxpayers, and insisting on steps to crack down on so-called 'golden parachutes' that go to corporate executives whose companies fail."