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In addition to owning an insurance company, pretty soon we’ll be the proud owners of $700 billion in bad loans!

A deal has been reached on the bailout deal, narrowly avoiding what supposedly could have been an economic disaster… or as I have taken to calling it “Cashpocalypse 2008″ The good news is that the final deal isn’t screwing over the American taxpayers quite as much as the original version:

“The final product appears to be a genuine compromise stitched together from competing ideas, with House Republicans getting some — but not all — of their insurance-based proposals, which had nearly knocked talks off course, into the deal.”