I see that Duncan Black, the American Prospect, Paul Krugman, and Kevin Drum at Mother Jones are all a little concerned about signing a 700 billion dollar blank check. I have to agree with Greenwald that it is completely insane that we are just about to dump this money on the same jackasses that caused this mess without even debating it.
Meanwhile, the good Republican stewards of our finances at the NRO are all bent out of shape about… abortion, abortion, and Charlie Rangel. Because, as everyone on the inside knows, fiscal conservatism is the biggest fucking hoax of the last three decades.
Meanwhile, Hillary Clinton is making some sense:
Finally, and seventh, I’m proposing that we require any financial institutions borrowing money from the Federal Reserve’s new lending facilities to open their books and ensure accountability and transparency to identify unsound practices. These banks and other entities have tapped the Fed’s new lending windows levels for over $300 billion in capital. They’ve shifted a lot of that risk onto the backs of our taxpayers. These are unprecedented interventions and we should make sure that these companies aren’t using taxpayer dollars to subsidize golden parachutes or risky investments, throwing your good money after bad. If we’re bailing you out we deserve to know exactly your liabilities. And you have to be part of this new regulatory framework.
The shitbirds at the National Review would be doing themselves a favor if they went and read what Hillary had to say.
BTW- Before we agree to send these scumbags 700 billion, can we at least force them to sign over the keys to the Rolls, the Jetstream, the house in the Hamptons and the ski cabin in Aspen? I mean, a trillion dollar mistake ought to cost at least one of these cocksuckers to lose one of their houses or a couple hundred hours of community service. Assuming they are at least as well off as McCain, they will still have at least six to work with.