I cannot see Congress agreeing to the $700 billion (or more) bailout package as requested by Secretary Paulson. He has given no details as to how he would use these funds nor has he indicated that Main Street will also be helped and that the salaries of on-the-brink-of-bankrupcy companies CEO's will be kept in check. Representatives and Senators voting for the package "as is" would jeopardize greatly their chances at reelection in November. Yet, something needs to be done urgently. My suggestion is to grant the package but not to Paulson; as ex CEO of Goldman Sachs and the hand on the stearing wheel when and before the shit hit the fan he is not to be trusted. I would draft immediately Mayor Bloomberg and put him in charge of the bail-out.
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