The Wall St. Bailout: Is it Really a Good Idea to Give the Administration All the Purse Strings?

It wasn’t the New York Times headlines that gave us a fright this morning so much as NPR news. To paraphrase the segment we tuned into, this $700 million bailout proposal (it’s actually only three pages long) that is currently hurtling its way through Congress (deadline Friday), if it is passes, will be the biggest transfer of power from the legislature into the hands of the administration…ever. Even bigger than the Patriot Act (actually, that last bit is what caught our attention).