With all the sound and fury around the failure of the Bush bailout bill and the stock market collapse, I see very little talk of the alternatives that are out there.
For example, two Bay Area representatives, Barbara Lee of Oakland and Lynn Woolsey of Petaluma, have their own bailout bill, supported by the Progressive Caucus. There’s a good discussion of it at Calitics. The Lee-Woolsey bill includes a transaction tax on risky financial instruments and mortgage reform.
I wonder if the House will take that up next.