The difference between Treasury's plan and my proposal is an accounting one, I guess. Treasury wants to transfer the money into banks' own accounts, like a deposit or investment. Whereas I was proposing to have the banks act as government agents in administering the funds. Kinda like selling IRAs or T-bills.
Because Treasury's plan involves changes in ownership, the pay-caps and other limitations apply, making the plan unsavory to banks and possibly requiring congressional action.
Edited: updated links and added tag.