My view is that I would care less about the details of the deal (from a foreigner prospective, US taxpayers’ P&L is low on priority list compared to say global financial stability). The fact that US Congress can’t even get the action going looks aghast from my prospective. We in Asia during the Asian Financial Crisis had often taken bitter medicine (order by doctors from IMF and Washington): fire sale on asset, cutting your NPLs, fiscal tightening, open up your markets to foreign capitalists (often US PE or investment banks), etc. Now US is telling the world she can’t take her own medicine? Try telling the Thais, the Koreans, the Indonesians, the Malays (even the Hongkongers) about it.