This whole $700B bailout thing is insanely complicated. I spent a good chunk of this weekend reading all I could and . . . well, I think it sums up with the old punch line "and not even a kiss."
What everyone does need to know, and should seriously think about, is the proposed legislation that Bush, Paulson, Bernananananke* want. I mean this passage:
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
This is huge. Never thought I'd end up siding with all those Republican senators.
*Once I started mis-spelling it, I decided it seems better this way.
Go in Peace