Dear the United States of America…
…save us from your leaders!!
A $700 billion (at its absolute minimum) bailout by the US Treasury, oops, I mean the taxpayer, of the “free market” with no checks and balances!??!?!? Handing over dictatorial control of our financial system to an ex Wall Street executive and explicitly declaring that no court of law or regulatory agency will have oversight? You’ve got to be kidding me!
This sounds suspiciously like the emergency implementation of the Patriot Act…
Step1: Whip everyone in to a panic frenzy…
Then: America is under attack, we must stop them before there is a mushroom cloud hanging over one of our cities (and it could be yours)!
Now: Our entire financial system is days away from complete collapse, there is no time for questions, you could lose your savings!
Real quotes from today: “The times are too urgent.” “…clean and quick [passage of the bill]”
Step 2: Urgently pass a vaguely written bill giving sweeping powers to the administration (the same administration I might add, not that this is a partisan post, it’s not) to “fix” the problems.
I suspect we’re all familiar with what happens later…
UPDATE 09/20/2008: There are signs of life in the Congress, hopefully they amount to something but I’m not getting my hopes up.
