I can't claim to be an expert on what's going on in the financial industry right now (can anyone?), but this Salon article about the parallels between the current bailout proposal in Congress and the full court press to pass the US eavesdropping program was interesting.
I will grant that some of the parallels are a little bit of a stretch, but there are murmurs from some Democrats in Congress about the lack of information, and the lack of safeguards or assurances tied to the money the Treasury Dept is asking for. Is this another piece of the Bush's "legacy" that someone else is going to have to unravel?
From a purely political standpoint I'm taking perverse pleasure in the whiplash that poor Sen.McCain is going through as he adjusts his regulatory world-view :-). Is the libertarian ideal of letting the markets work and getting out of the way still operative?
No comments:
Post a Comment