Many lawmakers have said they wil insist on changes at the bailout agency before approving more money.

The legislation would create a five-member board, which is modeled on the financial bailout agencies used for New York and Philadelphia.

They say that the bailout agency should not have agreed to pay for those loans.

And the bailout agency just keeps on drifting.

Mr. Seidman is also expected to introduce a plan to overhaul the bailout agency, including the appointment of a new chief executive by the President.

Without additional money or the extension of the April 1 deadline, the bailout agency would be forced to halt sales of troubled institutions.

The remaining 10 percent is to be paid over the next 20 years by the state's bailout agency, unless the money is recovered sooner in civil suits.

At least for the moment, the Administration's answer seems to be to divert other regulators to the bailout agencies.

The Congress retaliated by ordering exhaustive audits of the bailout agency.

The Oversight Board is permitting the bailout agency to lend portfolio buyers up to 85 percent of the purchase price for up to 15 years.