FWIW, that's just the allocation; nobody's spent anything yet... I doubt there will be any large-scale gov't buying unless and until the markets and banks stabilize at some level.
The TAF was expanded to 900 billion today - the Fed is open for business as usual.
More good money after bad...
I've read that once the details in the bailout are discovered by those who would be bailed out, they will opt out and choose to not partake.
If the FedGov is to take all the control and all the profit away from you and your company, why would you invite in such a parasite?
Restrictions on "golden parachutes", profits (of those in charge of making the decision whether or not to partake of the bailout bill stipulations) all gone... you think they will vote to take the FedGov money?