http://finance.yahoo.com/banking-budgeting...Financial-World

Henry Paulson,
John Thain,
Kenneth D. Lewis,
Robert E. Diamond Jr., and,
Richard Fuld Jr.

I'm sorry, we elected these guys... when? We approved giving them $700 billion of our tax dollars... when?

There's so much wrong in that article, I honestly don't know where to begin.

Paulson's actions are not subject to Court review. He's a Dicktatorette, I figure.

The real Five Players are:

RUSSIA
CHINA
INDIA
EMIRATES
EURO'S

Everyone else is just a trusty in the prison.

I disagree. I think the notion of nation-states controlling this is long past. They are dinosaurs.

The real power brokers are these transnational corporations that are unaccountable to the people within the countries in which they operate, and the financial crack pushers who move money all over the globe, fucking over regular folks on a regular basis.

I've said this for a long time - way earlier than the Bush Administration - that the real battle for this and the next generation will be to have a Second Revolution to democratize global business.

We are in effect chasing the same controlling personality type through several institutions over history.

First we broke the control of the Church, then of Government Monarchy & Totalitarian control, now we must break these same people in the Commercial/Business world.

Same dictatorial asshole, different day.

Wall Street needs to not open tomorrow, or Tuesday, or Wednesday.

Seriously. Close it until they calm the fuck down.

Wall Street needs to not open so the House can review Paulson's...what? proposal? This issue needs cool headed legislation and if the market needs to stay closed for a week so the politicians have time to collect themselves and do some consultations with folks like Volker, then let's do.

Now let us commence to skull fucking these greedy half-ass sons a bitches. Thanks 5by5!

As the full on reality of what Paulson is demanding Congress act on without so much as a second thought begins to dawn on people, it may well be that we need to get to DC in a hurry and try to prevent Congress from acting as a rubber-stamp until such time as we can think through what is being asked of us and done to us.

It truly is incredible. This small snippet written by Stirling Newberry, summed it up for me:

The Paulson Proposal is, in effect, an amendment to the Constitution, which states that the executive, in its sole discretion, has a mandate to prop up the financial sector at whatever cost, without review. It states that it has the mechanism of unlimited and unfettered spending power. It asserts a meaning which is foreign to virtually every part of the political spectrum, libertarians, conservatives, centrists, liberals, and socialists alike have balked at this vast grab of power which violates separation of powers, accountability, and virtually every other principle advanced for the protection of a Democracy. This much is obvious, and is obvious to millions of people. The Paulson Proposal is a demand for economic servitude.
~snip

It would give Paulson not only the power to buy assets, but put terms in place which would make legal investigation of those arrangements impossible, and these contracts could not be questioned in a court of law. It is the Authorization for Use of Military Force, Protect America Act, and war spending votes all rolled into one. Having seen that it cannot assume the unitary executive since the Supreme Court rejected it, they are now turning to Article III to get a trembling Congress to accept it. There is a crisis, but there is no catastrophe. Even when the physical nexus of the financial world was directly attacked, there was no need for this kind of unlimited spending power.
source

Let's not forget that just a week earlier congress gave them $800 billion to buy Fanny and Freddy back, so that's $1.6 trillion spent over the course of two weekends.

The Republicans are really working overtime to bankrupt this country before the Democrats take over. If nothing else, you have to admire their sense of scale.