ANALYSTS VIEW - U.S. lawmakers agree on bailout blueprint

NEW YORK (Reuters) - U.S. Congressional leaders agreed on Sunday to the underpinnings of a deal that will allow the Treasury Department to buy up to $700 billion (381.4 billion pound) in troubled securities to soothe global credit markets.

KEY POINTS:

* The $700 billion in buying power would be doled out by Congress in stages. After the first $250 billion is authorized, the President could request another $100 billion. The final $350 billion could be cleared by a further act of Congress.

* Washington will take a stake in companies helped through the program so that taxpayers can share in the profits if those companies get back on their feet.

* A new congressional panel would have oversight power and the Treasury secretary would report regularly to lawmakers in two elements of a multi-level oversight apparatus.

* Compensation limits would be set for the chiefs of participating firms to prevent excessive pay and "golden parachutes" for those who might tap government aid and then quit.

COMMENTS:

MICHAEL POND, TREASURY STRATEGIST, BARCLAYS CAPITAL, NEW YORK:

"Passage of the plan is just step one. Step two is execution and there remains considerable uncertainty about how assets will be purchased. We expect some of the recent flight to liquidity in Treasuries to be unwound as a bill gets passed, but volatility will likely remain until there are clear signs this will actually work."