Madness, Madness

Today the Bush admin­is­tra­tion and the Treasury depart­ment are try­ing to rush the Congress into the steeply priced finan­cial sec­tor bailout. This plan calls for the U.S. trea­sury to pur­chase all the bad debt sur­round­ing the sub-prime deriv­a­tives crater, with a cur­rent price-tag $700,000,000,000. I for one, would not be sur­prised if that fig­ure was …