Mushroom Cloud over Wall Street as US Constitution Burns :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
This article tells it like it is in reference to the financial debacle that is upon us. In short, the same people who profited from the 'privatization' and 'deregulation' of the financial industry are the ones who are now begging to be saved from the financial mess that they created themselves, and trying to stick US with the bill! This proposal to give Paulson sweeping power is ludicrous. It would effectively make him the most powerful man in the country--much more powerful than the President or the Supreme Court! How can it possibly be in our best interest to make Paulson the dictator of the country, beyond any legal control??? This is a brazen power grab, and the motivation is to allow Paulson to have the power to saddle the people with any level of debt that he chooses. Of course, this is so that Wall Street can save themselves from the financial quicksand that they have created. Funny how they want to reap all of the profits, and leave the people holding the bag for the liabilities.
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