Sadly, Senator Sanders is correct. I've had many nominally conservative friends of mine tell me I am insane to think that the bailout is bad, even though it goes against all of the principles of fiscal conservatism.
I believe that this bill represents the "sovietization" of our economy. The mortgage industry is now effectively nationalized. We might as well burn all the copies we have left of The Wealth of Nations because clearly, Adam Smith got it all wrong.
And you are correct. The state is now in charge of housing. Energy and health care next then food. All will be “fairly rationed”. But remember “ nothing from nothing leaves nothing” the math of communism. Everything is free but there ain’t none.