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Paulson No Bailouts

Who Decides? The Most Terrifying Part of the Proposed Bailout

Zephyr Teachout | Posted 05.25.2011 | Home
Zephyr Teachout

Make no mistake, the essence of this plan is a transfer of power from the Congress to the Secretary of the Treasury, who will have power over a budget larger--larger!--than entire amount spent on the Iraq war so far, with no check on his power.

Paulson: No "Bailouts" For Reckless Lenders

Wall Street Journal | MICHAEL M. PHILLIPS, GREG IP | Posted 05.25.2011 | Business

The Bush administration is hardening its opposition to the chorus of Democrats, bankers, economists and consumer advocates calling for a big-money gov...