“The Trojan Horse in the bailout plan also solves the mystery of how loss-riddled, serially corrupt Citigroup, now run by the former head of a hedge fund, was allowed by the FDIC yesterday to buy $400 Billion in deposits from Wachovia, giving this crippled global tyrant 30 per cent of insured bank deposits in America.

For once, we can be proud of at least 228 members of our Congress. Yes, we do need swift, reasoned action to stave off a financial collapse. But a plan that allows one man to have unfettered access to $700 billion of taxpayer money, decide which firms survive, to potentially concentrate power in a few crony hands, while pushing off even a discussion of vital regulation until next year, is not a plan. It’s organized crime thinly disguised as legislation.. …”