All this bailout nonsense is really starting to irritate me. It is pure, unadulterated FUD created by a White House that is very well experienced with the use of fear tactics to drive through very bad policies. They did it with the USA PATRIOT Act after 9/11. They did it with the Iraq invasion and occupation. Now they're doing it with a $700B no-strings subsidy for Wall Street when there is plenty of cash on hand to buy this "bad" paper, should the banks and investment firms simply take a loss and reduce the price.
There's an excellent discussion of this in a recent interview with Ralph Nader, which you can read here.
American citizens, you need to call your elected Representative and Senators and demand that the brakes be put on this nonsense. Demand real, detailed hearings now, BEFORE any bad commitments are passed into law. Demand resistance to artificial deadlines meant to distract you from McCain's major losses in the presidential election. Demand accountability, and an explanation as to why this bail-out is really "necessary" - if it is at all. Now is not the time to be hasty, nor is it the time to be lulled into trusting a government that has screwed us over and over and over and over and over again, trashing the US Constitution consistently for the past 7+ years.
