Reading the news stories about how Secretary Paulson plans to implement the bailout, it seems as though the same people will be in charge of the money. Print some new business cards, change the logo on the front from "Goldman Sachs" to "U.S. Treasury," and everything else continues as it was. It's just that it becomes a lot more difficult for ordinary people to opt out of using the elite's money management services.Here's the rest.
This is why I didn't want the Bailout. As Lord Acton said:
Power tends to corrupt, and absolute power corrupts absolutely.While money isn't completely synonymous with power, the power to plunder the taxpayer in behalf of the banks and investment houses is a very corrupting influence. What the government can and cannot do needs to be brought under strict limits again.
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