Jim Kuhnhenn of the Associated Press reported on May 5th:

The Senate voted Wednesday to prohibit the use of taxpayer money for any more Wall Street rescues but set up a mechanism where the government would have to front the money, even if only temporarily, to liquidate a “too big to fail” financial institution.
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Under the agreement:

Instead of using the $50 billion fund, the Federal Deposit Insurance Corp. would borrow from the Treasury to pay for the costs of liquidating a firm. Those costs would be recovered by the sale of the firm’s assets, with shareholders and creditors bearing the losses.

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