"WASHINGTON - A key lawmaker said Friday he expects the House to act soon to impose conditions on any new release of the second $350 billion in federal bailout funds, with a mandate that at least $50 billion go to help struggling borrowers avoid foreclosure.
Rep. Barney Frank, who heads the House Financial Services Committee, issued an outline of his proposal to attach strings to spending of the money by either the Bush administration or the incoming Obama government...."
http://www.msnbc.msn.com/id/28577991/

"WASHINGTON - Confronted with intense skepticism on Capitol Hill over the $700 billion financial rescue program, Treasury Secretary nominee Timothy F. Geithner and President-elect Barack Obama's economic team are urgently overhauling the embattled initiative and broadening its scope well beyond Wall Street, sources familiar with the discussions said...."

http://www.msnbc.msn.com/id/28574416/

[Paulson's hiding too much under the TARP! I suspect that $350 billion next installment will have major problems]