deal or no deal???

IT IS A SURE THING!!!

despite all the arguments and displeasure expressed by the senators last night on the bail out plan, i think the us congress will approve the plan eventually. there is a necessity for the authority to stop this hemorrhaging in the us financial system immediately and personally i think setting up of the bailout fund is the only option available. however, i hope they will address some of the issues i have highlighted on my earlier post dated 22 Sep 2008 before signing the blank cheque:

1. buy into the financial companies and not their toxic assets

2. sit on their boards to prevent the management fools from robbing the taxpayers further

3. set up a committee to determine what assets to buy and their valuations

4. publicly update the us taxpayers on the types and prices of asset bought by the fund

5. make sure whoever that are involved in the buying decision are liable to prevent abuse

6. make sure all those responsible for the mess are make accountable

so for those who have bought shares, index futures or call options last thursday, hold on, the deal will go through and the market will rebound for a while.