My reading of the proposal to bail out Wall Street is basically this: "Give me a checkbook with a trillion bucks in it. I really promise to use it wisely, but you can't ask me for any accounting of what I am doing with it. I promise to send you a report every six months, if I feel like it."
I'm sorry, but hell no. No fucking way. There has to be accountability to Congress and to us. This is still a democracy; we should not give one man that much money to spend any which way he feels is a good idea.
Today is September 22nd. In four months, there will be a new Treasury Secretary. If John McCain wins, that man likely will be Phil Gramm, a man who is wholly in the pocket of UBS Investment Bank, the man who called America "a nation of whiners." Does anyone think that he will give a flying fuck about anyone other than his banking buddies?
Somebody needs to be able to hold the Treasury Secretary accountable. That "someone" is Congress.
Congress needs to do its job.
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