Plan to save... who?
Failing that, some sort of phased process, where the treasury gets the money in installments, also seemed like a good idea.
What they are mentioning, which is restrictions on bonuses and congressional oversight, strike me as side issues.
Update: Silly me - the FT tells me that none of those things actually have been agreed on yet:
But legislators had yet to agree with the Treasury the details for a number of issues, including whether the $700bn sought by the administration would be disbursed in a single tranche or over time; the circumstances under which the government would take equity stakes in participating banks; and help for homeowners.