" The more cynical commentators in the US have already suggested that this
may in fact be the whole idea behind the crisis. Buried in the fine print
are some radical changes to the way that government operates, including the
rather interesting notion that the Treasuary Secretary gets dictatorial
powers -- his decisions can neither be challenged in court nor questioned by
Congress. This is a radical power shift; it may not mean much in the UK but
it undermines the very core of the Republic.

You've already found out in the UK that taking fiscal power away from local
government effectively turns it into an administrative arm of central
government. Democracy isn't about elections, its about power, and a bit part
of that power is control over budgets. If you shift that power to a group of
industry insiders -- and Mr. Paulson is an industry insider -- then you've
effectively given away the store.

On a personal level the terms to describe all this include 'looted' and
'raped'."


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