Via BoingBoing by way of 10zenmonkeys.com
This is not good.
Watching Washington rush to throw taxpayer money at Wall Street has been sobering and a little frightening. — Newt Gingrich
What the proposal actually did…was explicitly rule out any oversight, plus grant immunity from future review… [I]f Paulson can’t be honest about what he himself sent to Congress… there is no reason to trust him on anything related to his bailout plan.”
“If you think the Bailout of All Bailouts…won’t saddle American taxpayers with billions, if not trillions, of risky obligations, you don’t know politics… Never before in the history of American capitalism has so much been asked of so many for…so few.”
— Robert Reich, former Secretary of Labor
“This is scare tactics to try to do something that’s in the private but not the public interest. It’s terrible.”