The biggest problem with the Senate housing bailout bill?

Besides all the ones mentioned in this and previous stories? There’s no linkage with regulatory reform. Ditto for a somewhat different bill working its way through the House.

Given that what Treasury Secretary Henry Paulson is pushing for is NOT reform of the financial sector, but yet more dereg of the type that got us to where we’re at now, Democrats will either:

A. Be taken for a walk down the primrose path;
B. Willingly be DLC Democrats one more time and avidly sign up for yet another financial deregulation package.

My vote is for a mix, weighted 75-25 to the “B” side.