Hank Paulson is rumored to be worth about $700 million.

His assets are no doubt in some sort of blind trust at the moment.

If he is to be given the dictatorial powers he’s seeking, he should be compelled to trade in his fortune for the same mortgage-backed securities he’ll be buying from Wall Street with our money.

His interests should be our interests.

That’s the ratio of cars owned by the McCains and the Obamas, per Newsweek.com

State capitalism has come to America. And Hank Paulson is about to become the most powerful — and least accountable — man in the world.

The proposed $700,000,000,000 bailout provides only two instructions — prop up the global economy while “protecting the taxpayer.”

To accomplish this, he can do whatever he damn well pleases and there is no recourse. None.

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.

We. Are. So. Screwed.

Full text of the Act after the jump: (more…)