SEC. 3. FINDINGS. Before establishing a program under this Act, the Secretary shall make a finding that such program is necessary-- (1) to provide stability or preventing disruption to the financial markets or banking system; and (2) to protect the taxpayer.
Very serious stuff -- and a major challenge to Paulson's approach. Treasury should now be required to explain why this isn't a much, much better way to do this rescue. More when I'm not in a car, almost unable to read my screen.
More when I'm not in a car, almost unable to read my screen.
Right after he invented mud tablets, pointy sticks, and cuneiform.
