Part-nationalization of US banks

At last US treasuery seems to have cameup with a plan that looks like has been analysed well. Nature of this financial scandal makes impossible to comeup with solution in one step. This complex problem is like a web, as it untangles we may have to change our solution, so our solution should start with basic rule but flexible enought to be modified. The first move, drawn in haste to throw 700B was shabby and immature.

http://news.bbc.co.uk/2/hi/business/7668704.stm
The lastest plan to part-nationalise the banks is a good one. Govt. move to buy shares without voting rights should be seen as a gesture of respect towards free-market.

I like following aspects of this bill.

1) The US government said it would buy preference shares in the banks. Preference shares pay a fixed rate of interest instead of a dividend, which has to be paid before other shareholders receive anything, but they do not carry voting rights.

2) Banks that receive the cash injections will be subject to restrictions on executive pay.