Paulson and Co. understand the nature of the “emergency”: if too many Americans pry into the text of the "emergency" legislation, they will find this at Article VIII:
"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."
It reminds me very much of Article VI of the Constitution of the The Union Of Soviet Socialist Republics:
“The Communist Party, armed with Marxism-Leninism, determines the general perspectives of the development of society and the course of the home and foreign policy of the USSR, directs the great constructive work of the Soviet people, and imparts a planned, systematic and theoretically substantiated character to their struggle for the victory of communism.”
Article VI was all the party needed for totalitarian power. All the rest was window-dressing for American apparatchiki to scratch their heads over. In the "Workers Paradise," nobody even bothered.
Now, when American taxpayers see Article VIII, they might recognize that it effectively grants “The Secretary” dictatorial powers without revelation to, or review by, any Constitutional authority (including "We the People,").
Resolved: “The Secretary” must be unimpeded by the hoi polloi as he goes about “saving the financial system” and burying our constitutional republic.
Therefore, be it resolved that, in order to prevent any unpleasant actions on the part of the masses that might impede “The Secretary” in his messianic mission, the neocons now present a new distraction for us, guaranteed to take the pressure off the useful idiot.
Knowing this, how many times have you ever known the Power Elites to worry about US, the little Main Street guy? They don't give a flip about rotten loan servicing; never have. Even the Fairbanks outcome was too little and largely unenforced since it was done.
You are a smart person, Dee. I think you may be able to discern the answer for yourself. If Congress rubber stamps this atrocity, we are done. The government evidently wants to own everything but it has never been too big on demanding accountability since to do so might shine a light on its own self.