Wrong. And wrong.
So who is to say that the $700 billion package, which our Treasury is dying for Congress to approve and which would be out of bounds as far as Congressional review goes, will not contain several billion dollars for bonuses and golden parachutes for the companies it wishes to rescue? Once again, Section 8 of the bailout package seems a little fishy, don't you think? ("Section 8: 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.")
Not only that: it looks more and more like a plan to somehow thwart Obama's run for the White House. I am not smart to have figured it out, yet, but I am sure somebody smarter than me will find an explanation before long. And when they do, I will post it here.