Chuck Schumer, addressing the markets directly, says the bailout bill will not be delayed or “Christmas-treed” with extranious proposals.

Schumer also makes the compelling case (a rarity, to be sure) that while moving swiftly, Congress should avoid moving so quickly as to produce a lousy bill (as was the case with Sarbanes-Oxley).

The bailout bill also now has a name: The Troubled Asset Relief Program.