If you want to get a head start on things, here is a piece from Market Watch that outlines some of the parts of the new bank rescue bill. Supposedly due for its debut on Tuesday, it appears as if a lot of the pieces are starting to fall into place.

A lot of the information in the article you’ve read before. Over the last few days there has been more and more talk about suspending mark to market accounting. That concept reappears in this article and it seems as if that might well be part of the program.

I’ll have my say when the whole program is out. I don’t intend to waste too many pixels speculating. I, however, did want to highlight one small paragraph in this article.

One government watchdog group released a study reporting that the Treasury Department overpaid for its capital injections in financial institutions. Harvard Law School Professor Elizabeth Warren, who heads an oversight panel for the bailout package, said that Treasury put in about $254 billion for warrants and other securities worth about $176 billion, a shortfall of $78 billion as of the date of the transactions. Dodd said the result “raised eyebrows” and needs to be investigated.