For those of you not following, Friday was supposed to be the end of the world unless a bailout plan was put into law. Somehow that changed to tomorrow morning and so the Congress seems ready to pass.

So here it is, the bill to save capitalism and the world, the emergency economic stabilization act of 2008

Update: Word is House will vote tomorrow, Senate Wednesday. BUT I seem to remember EVERYONE on the TV telling me if it did not pass before opening bell tomorrow the world would end. What is going on?

Interesting stuff here:

PREVENTING UNJUST ENRICHMENT.—In making purchases under the authority of this Act, the Secretary shall take such steps as may be necessary to prevent unjust enrichment of financial institutions participating in a program established under this section, including by preventing the resale of a troubled asset to the Secretary at a higher price than what the seller paid to purchase the asset. This subsection does not apply to troubled assets acquired in a merger or acquisition, or a purchase of assets from a financial institution in conservatorship or receivership, or that has initiated bankruptcy proceedings under title 11, United States Code.

Also, interesting bit right here:

(B) DEBATE.—Debate on the resolution, and on all debatable motions and appeals in connection therewith, shall be limited to not more than 10 hours, which shall be divided equally between those favoring and those opposing the resolution. A motion further to limit debate is in order and not debatable. An amendment to, or a motion to postpone, or a motion to proceed to the consideration of other business, or a motion to recommit the resolution is not in order. A motion to reconsider the vote by which the resolution is agreed to or disagreed to is not in order.