The proposed Paulson plan gives the treasury secretary an unprecedented amount of power for two years.
Paulson is out in 4 months, and his successor will be selected by the next president.
We don’t know who the next president is, much less who he will appoint as treasury secretary.
What if 0bama wins and he appoints George $oros as treasury secretary, who will have 20 months as the most powerful man in the world?
What needs to happen instead is congress must outlaw Credit Default Swaps retroactively, making all standing contracts null and void, and rescind Sarbanes-Oxley.
This would make the credit crisis nearly disappear overnight, and not cost the taxpayers a cent.
McCain needs to lead the charge on Capital Hill against a socialist-style bailout and a nationalization of home ownership.
The proposed Paulson plan gives the treasury secretary an unprecedented amount of power for two years.Paulson is out in 4 months, and his successor will be selected by the next president.
We don’t know who the next president is, much less who he will appoint as treasury secretary.
What if Obama wins and he appoints George Soros as treasury secretary, who will have 20 months as the most powerful man in the world?