With the current system of campaign finance not too many in Congress can afford to oppose this bailout. Wealth has closed ranks. When they obviously start turning on one another there may be more opportunity for truth to out. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
As for your other point that in the US raising nationalization is career suicide, the people who post at that blog I quoted from are academics or in the financial services industry. Here is a new post:
Bailout: It's About Capital, Not Liquidity; Seeking Beta: Interview with Robert Arvanitis
Where have I heard that the problem isn't liquidity but solvency before? A bomb, H bomb, Minuteman / The names get more attractive / The decisions are made by NATO / The press call it British opinion -- The Three Johns
