I think that's the key question. One of the best clues for us non-experts is, how similar is the selling of the $700 billion dollar plan to the selling of the Iraq War? In some ways it seems very similar, which increases my skepticism of it.
Also, in some ways this feels like a plan to tax silicon valley to preserve the power institutions of Wall Street. It's notable that the reverse didn't happen when the dot com bubble burst.
However, in the end I think the best guide is the consensus of experts (including expert set-up and interpretation of prediction markets. So what is it? What can almost every relevant expert agree on regarding the bailout? It seems to me all of them are against salary caps for CEOs. That seems to me to be a transparent populist sop. Anything else?