Bailout Talks Turn to More Equity Stakes

The fact that this keeps changing is making me a bit uneasy. You?

I still can't get comfortable with the idea that we the taxpayers are going to be buying toxic assets. Would you drink poison for breakfast?

clipped from online.wsj.com The Obama administration's financial-rescue plan is shaping up to include capital injections with tougher terms than the first round and an expansion of an existing Federal Reserve lending facility that could potentially buy up toxic assets clogging the system, according to people familiar with the plans. The discussions are still fluid and much could change. But efforts to create a so-called bad bank to purchase distressed assets and to insure other assets against future losses appear less central to the administration's thinking. Still, some within the administration continue to push those efforts and they could wind up as part of the plan that will be detailed Monday by Treasury Secretary Timothy Geithner.