I understand perfectly that Wall Street has invested poorly, leveraged insanely, received payouts that far exceed their performance and that now they are looking to the American taxpayer to fix their greedy errors.
Paulson has come up with a plan which on its face is a complete coup and he is looking to have unlimited power without oversight or review by any body including Congress or the courts.
Opinions my certainly differ, but giving unlimited power over US Treasury funds to an appointed individual with no oversight or ability to review is national suicide.
There are other solutions and other ideas. Have you not seen the letter from vast numbers of economists who feel that THIS proposed legislation is in error? Have you not researched the other solutions that have been advanced? At least look at Fedupusa.com before you accept the word of a corrupt financier.
Yea, and they are full of shit (FOS); and thanks to them, they have just destroyed the Republicans in the house.
About giving someone too much power - ever have an operation or take a plane trip - I think that statement needs a rethink!