Writes a journalistic star: The news articles I’ve read about the $700 billion Senate bailout bill are focusing on the politics. They haven’t offered much analysis of what’s actually in it, except to say there’s a Troubled Assets Relief Program (or TARP), that the FDIC account limits are raised to $250,000 and that the SEC is authorized to waive its mark-to-market accounting rule. So I read the whole thing myself — and found odd things like production credits for “marine renewables” and specifications for “residential top-loading clothes washers.” My analysis is based on the final Senate version that you can … Continue reading More on That Monstrous Bill