I was listening to FBN just now- they interviewed Peter Monroe who had some involvement with fixing the S & L mess. He is shaking his head this morning over the folly of this bill. Now we learn Neel Kashkari (asst to Paulson at Treasury and former pal at GS) will be heading up the effort and we’re already seeing other foxes preparing to move in to the henhouse.
One of the points the Monroe made is that during the S & L mess- there were civilians on the board- now there are only government officials.
The unchecked power given to Paulson and his pals is unheard of- and now everyone is starting to wake up and figure out WHAT’S IN THE BILL.
The panic that allowed this radical bill to pass is only getting larger- the European markets are down and falling fast.
Isnt that disgusting? I almost heaved when I found out.