PayThink

For most of yesterday´s House Financial Services Committee Hearing, during which the CEOs of the Big Eight banks testified, it would have been easy to forget about the masses of Americans who are supposedly so mad about big bank bailouts that a solid, all-hands-on-deck rescue package would have sent them over the moon. The questions were tame; the anger was scarce. But though it was missing from the Rayburn building yesterday, unfiltered rage is alive and well and living on the Internet.

It's time to fire up the ticker again as the House Financial Services Committee returns from a recess to ask the heads of the eight largest US banks about what they did with their Tarp money. So far, it's been pretty smooth sailing for the witnesses. Here's a refersher on who's testifying:

The House Financial Services Committee's supposed grilling of the CEOs of the eight largest US banks has turned into a much more civil affair than many had anticipated. Partisanship and acrimony are present only at trace levels; blame is also nearly undetectable. But this is a live blog, so things could get interesting at any minute. Keep following.

The House Financial Services Committee's interrogation of the eight biggest bank CEOs continues; opening statements are over and the questioning is about to begin. Stay tuned.

The grilling of the country's eight biggest bank CEOs this morning promises to be juicy, so BankThink is live-blogging on the event. Stay tuned for the hearing´s every barb and twist.

The Neighborhood Assistance Corporation of America´s Web site looks like a twisted issue of Country Living today as part of the housing non-profit´s protest against "predatory" lenders.

A great deal is resting on the solidity of tomorrow´s new bank rescue plan, and one of the most important components, whatever the plan´s details, will be its moral accessibility. The Obama administration will have to have figured out a way to make all participants in the financial system-that is, everyone who banks, borrows, owns or works-comfortable with a redemptive solution.

Obama administration officials announced Sunday that they would postpone by a day the revelation of a new plan to rescue the US financial system. Treasury Secretary Timothy Geithner will now unveil the plan Tuesday at 11am.

The events of the coming week will be dominated by the Obama administration´s announcement Monday of a new rescue plan. There are numerous theories out there about how the plan will be structured, but they differ so much that it´s hard to make a call about which one is the most accurate. The best thing may be to sit back, relax, and enjoy the ride.

Talk is swirling around the details of the next bailout plan, set to be revealed Monday. Today´s Financial Times, citing unnamed sources, says Treasury Department officials are examining ways to convert the preferred shares in banks that the government purchased during the Capital Purchase Program into common stock. The article explains: