Furiously bailing…out to where?

The NYT reports:

The Bush administration is asking Congress to let the
government buy $700 billion in troubled mortgages, according
to a draft of the plan. The proposal would raise the
statutory limit on the national debt to $11.3 trillion from
$10.6 trillion.

Chase Rooster update on bailing out, but with different slang. Which major player individuals are also rescued, and who retains their job as well.