Sunday, September 21, 2008

Paulson's Plan Seeks Abolute Power To Buy Worthless Paper And Wall Street Created Instruments Of Destruction

Do I still live in a democracy? What is the greatest crisis any country could see unfold? Even greater than a banking crisis? Abuse of absolute power. What is most disconcerting to me is that anyone would even seek it. That is the last person I would trust with unchecked power. Paulson should resign.

The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets.
posted by TimingLogic at 10:58 AM