In the aftermath of Bush’s Wednesday night speech  Congress appears ready to approve a plan  that will socialize many of the losses on Wall Street. While America has two political parties, it now appears to have a one-party legislative branch.
UPDATE: Our friends at iTulip don’t think the plan will work anyway.
Looks like I spoke too soon 😉 (thank-you Calculated Risk!)
Notes and References: "Bush Speech Financial Crisis NightMare for American Taxpayers – Act Now!", by Mike Shedlock, Market Oracle, September 25, 2008. : "I want your money", Economist, September 25, 2008.