Q: Are we getting anything good out of this bailout?

A: Actually, yes, there are a few bright spots. After plenty of public outcry, the politicians saw which side of their bread had butter on it and voted to place curbs on executive pay for companies selling assets or buying insurance from the government.

The bill also sets up two oversight committees – a Financial Stability Board consisting of the Federal Reserve chairman, the SEC chairman and various Cabinet members, and a congressional oversight panel.  Will that be enough to prevent future shenanigans on Wall Street?  Probably not. In the Congressional area, some of the same people who were there years ago fighting oversight are heading committees!

Next: Will the bailout improve the situation on Wall Street?

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