So the Secretary of the Treasury has been saying everything is hunky dory, just like his boss. Then suddenly it's panic time, the world is coming to an end. So the Secretary says, give me all this taxpayer money with no strings attached, and no ability to review or oversee what I do, and I'll save the day. Right. What kind of thinking leads the administration to think Congress and the people are stupid enough to write a blank unconditional check to the very people who screwed up? It's amazing.
The Democrats and some Republicans are insisting on revisions that make this bailout plan less than the dictatorship of the Treasury that was offered. But the worst may be yet to come.
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