ANALYSTS' VIEW - U.S. Congress gets $700 billion bailout

NEW YORK (Reuters) - The Bush administration on Saturday sent a $700 billion (382 billion pounds) financial markets rescue plan to Congress aimed at stemming the financial crisis that grew out of the steepest U.S. housing slump since the Great Depression.

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KEY POINTS: According to a draft of the proposed legislation obtained by Reuters: * The government could purchase as much as $700 billion in mortgage-related assets from U.S.-headquartered institutions. * Decisions by the treasury secretary related to the buyback program could not be reviewed by any court. * In a related move, the U.S. government's debt limit would be raised to $11.315 trillion from $10.615 trillion.

COMMENTS:

ANDREW BRENNER, SENIOR VICE PRESIDENT, MF GLOBAL IN NEW YORK:

On concerns/questions raised from proposal plan:

"I am concerns about them, but I'm still a 100 percent behind it. We have to get it done."

On the range of assets possibly being purchased:

"They need to maximum flexibility to what they can buy."