The Democrats have done it again. How clueless care they? Their reaction to being bullied into bailing out the catastrophic failures of Reaganomics after the pyramid scheme collapsed and most of the treasure has been looted by thieves who still get rewarded for their theft with golden parachutes is to tack additional spending (generational borrowing, since we don't actually have the money) onto the plan to give a quick shot in the arm of the middle class (to pick up a few votes presumably).
I have not heard one use of the word "oversight" yet in all the interviews with Dodd and the others. How can this be happening? There will never be a better time to leverage reforms as we go - to make attacking the root causes of this problem part of the conditions of a bailout. Yet not one word in that direction!
Here are some ideas that must be done immediately and tied to any bailout:
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