Naomi Klein on the Legality of the Bailout

(Here you go, boys. I know this woman is your grown-up version of Princess Leia or something.)

"According to Congressman Barney Frank, one of the architects of the legislation that enables the deals, 'Any use of these funds for any purpose other than lending -- for bonuses, for severance pay, for dividends, for acquisitions of other institutions, etc. -- is a violation of the act.' Yet this is exactly how the funds are being used.

"Then there is the nearly $2 trillion the Federal Reserve has handed out in emergency loans. Incredibly, the Fed will not reveal which corporations have received these loans or what it has accepted as collateral. Bloomberg News believes that this secrecy violates the law and has filed a federal suit demanding full disclosure."

Read it all at Alternet. Or if you're fancy, go to the source- The Nation.