Bailouts

No bailouts without reform! The Treasury wants unfettered access to $700BN+ of our tax dollars to save the economy, we should demand a few things in return:

1. Cap on CEO compensation at financial firms at $1MM TOTAL COMPENSATION
   
2. Cap on credit card interest at prime+3%
3. Open refinancing of mortgages
4. No more foreclosures on distressed property
5. Elimination of derivatives based on mortgage-backed security
6. Regulation of the CDS system

There are surely more things we should ask for, but this is what I came up with this morning. Paul Krugman also agrees. NO DEAL he says.