>>>Where can I get information on who actually wrote/proposed the bill? Was it indeed written by the democrats? I have somebody telling me that the Republican Secretary of the Treasury wrote it.
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>>He did. Here is a link --
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>>The Treasury secretary, Henry M. Paulson Jr., who was the main architect of the financial rescue plan, said he would continue to work with Congressional leaders “to find a way forward to pass a comprehensive plan to stabilize our financial system and protect the American people.” He added, “This is much too important to simply let fail.”
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>Yes, I found that. However, I also read an enlightening post by Edward Pikeman about how bills are proposed to legislators. I also found that Paulson drafted the bill, proposed it to the Congress leaders, who further modified the bill before it was proposed to Congress. To me, that's the point where the dems took ownership of the bill. Again, I didn't mean for this to get into a political debate - I strictly was looking for information.

Ed is a very smart guy, and probably as financially astute as anyone here, but he is dead wrong about this. Just because Congress passes a bill doesn't mean it was their idea. This was the administration's proposal, most specifically Paulson's. The fact that his initial proposal was tweaked by Congress (BOTH parties) before being voted on doesn't make it a Democratic bill. It's really beside the point to get lost in debates about which party "really" defeated it in the House. There's a lot of political cover going on there and it distracts from the real need to do something instead of fiddling while Rome burns.