Dodd Amends Paulson's Plan...Still Headed For a Bailout.

Dodd has proposed an alternative, or should I say amended Paulson plan.  I've only breezed through it.  It looks better but it's still a bailout.

That Hurts prudent investors.

Hurts existing homeowners by keeping them in a negative equity situation.

Hurts home owners waiting for a more affordable market to jump in.

Hurts investors, and institutions who avoided entering into this mess.

And most importantly, staves off a de-leveraging event, which must occur in order for our economy to start growing again.