Everyone is busy pointing fingers. The GOP has it's feelings hurt. Maybe Pelosi shouldn't have made 12 or more of them cry, but in the end, she did us all a favor.
Whatever happens tomorrow in the markets, and tonight in Asia, we can do better. I'm sure Wallstreet was salivating over the billions they would have surely received, but that's not life in the ordinary lane. We, the people, don't get bailed out. And this proposal was a joke:
Sec. 3. Considerations.
In exercising the authorities granted in this Act, the Secretary shall take into consideration means for--
(1) providing stability or preventing disruption to the financial markets or banking system; and
(2) protecting the taxpayer.
Nice of them to put the financial markets before the taxpayer.
Sec. 8. Review.
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 a
administrative agency.
How great it is when you have no accountability. They want to raise our public debt to more than 11 trillion dollars, and they want to do it like this?