This morning, at around 8:30 a.m. Eastern, Treasury Secretary Henry Paulson is expected to reveal a revised bank bailout plan from the U.S. After seeing the European model (and the confidence it inspired in the stock market), the U.S. is set to follow suit to a certain degree.

The new plan, rather than allowing for the government to buy up toxic (and practically worthless) assets, is expected to outline a plan for buying preferred equity in the banks that take government aid. The money is to come from the $700 billion bailout bill passed a couple of weeks ago by Congress.