Congress must rescind the 'bailout' plan as the Executive Branch 'changes the rules' without legislative authority.

The meeting between G7 leaders this weekend is simply that, a meeting. The G7 does not replace the authority of the USA Legislature. In fact, this meeting should have been held before the legislation was 'demanded' by Paulson.

To 'inject' funds into banks is to undermine the ability of the purpose of the legislation which was to 'rescue' homeowners from foreclosure.

Literally, with this 'move' by Bush/Paulson, they are 'outsourcing' the purpose of the 'bailout.' Typical Bush, "Anyplace by home."


Canadian Finance Minister Jim Flaherty, French Finance Minister Christine Lagarde, German Finance Minister Peer Steinbrueck and U.S. Treasury Secretary Henry Paulson Jr., shown at the U.S. Treasury Department yesterday, met with other finance and central bank governors as part of this week's G7 meetings. Mr. Flaherty stressed the need for unified action: 'We need to look forward and not dwell on what has happened in terms of failures, and then governments having to be involved with different financial institutions.'Photograph by : Brendan Smialowski, Getty Images