The bailout is the PATRIOT ACT Part II

[sentelle]

"Fratto said it would be “unthinkable” for Congress not to pass legislation this week, asserting the result would be a “very, very serious situation” for the U.S. economy.

“It shouldn’t take much analysis to remember what happened last week, which was a very serious freeze-up in our credit markets,” Fratto said. “Our financial markets right now do not need uncertainty, they need increased certainty as to how this rescue plan is going to go forward — and that they can be sure that there is a plan to go forward — and that will begin the correction in our financial markets.”

Fratto insisted that the plan was not slapped together and had been drawn up as a contingency over previous months and weeks by administration officials. He acknowledged lawmakers were getting only days to peruse it, but he said this should be enough.

Amid growing criticism of the initiative from multiple quarters, Fratto sought to defend its key principles and argue against changes. "
http://www.rollcall.com/news/28599-1.html?type=printer_friendly

They knew. They knew what was going to happen and let it happen. Only when the crap hit the fan did they pull this out of their butts, and knowing it would pass without a read, stuffed it full of things as payback for supporting the cabal.

Can Impeachment please get back on the table now?

[tekisui]

1. It's the Patriot Act, with a little IWR. Be afraid, don't panic, but be very

afraid, and give us all your money.

[TexasObserver]

2. Exactly. More fear mongering as a herding mechanism.

[depakid]

3. Particularly by the OP

[dipsydoodle]

4. This bit helps put it in context

"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 administrative agency."

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4067829&mesg_id=4067829

I'll say it wasn't slapped together - they have had this on the back burner for a while I'd say. Anyone who falls for this is truly a mug.

[LSparkle]

5. We've tried this before -- under HERBERT HOOVER ...

Thom Hartmann read an article published just before the
1929 crash that quoted Hoover's Treasury Secretary ...
and it sounded JUST LIKE WHAT PAULSON IS SAYING TODAY.
Just before the '29 crash, the government tried infusing
the system with cash ... AND IT FAILED.

We're headed for a crash REGARDLESS ... I say let the
banks fail on their own and save our money for bailing
out the common folk who are going to need it down the
line.

[radfringe]

6. ....heh