1. No ACORN money: All money goes to debt reduction
2. No blank check: Treasury is required to develop an insurance program
3. No union power grab: Dodd-Frank permitted unions to force themselves into the board room. This proposed compromise eliminates that.
4. No "cram down" bankruptcy provision (aka, trial bar giveaway)
5. No tax hikes: The proposed compromise simply requires a proposal to Congress to recoup any potential losses.
UPDATE: Michelle Malkin says not good enough.