Jason Linkins of the Huffington Post has a very interesting article about the bailout. Specifically, pay attention to the wording in the Bush admin's bailout package:
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Yeah, sure, let's give 'em all the money we can borrow from China ('cause I don't think we have any left thanks to the wars) with absolutely no oversight, no regulation, and no REVIEW by ANYONE.
If we pass this thing, we are SO much more screwed than we already are. Boy, I hope Congress finally grows a pair.