yewknee.com

The Paulson Plan

I do not claim to completely understand the current financial situation on Wall Street and the in's and out's of the Paulson Bailout Plan™ but having watched this take on the whole thing re-enforces my thoughts that a three page plan that drums up $700 billion dollars and contains this language:

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.

is, hands down, not a plan that has been fully thought out.

In lighter news, the Daily Show episode with Bill Clinton was pretty entertaining.