This morning the Bush administration asked Congress to grant the Treasury Secretary freedom to buy as much as $700 billion in mortgage-related assets in order to save Wall Street from its current financial crisis.

This freedom to purchase also comes with almost superhero-like authority. The drafted plan includes stabilizing the financial market and banking system and protecting the taxpayer.

The power granted is almost beyond challenge and by law will not be reviewed by any court of law or any administrative agency, but the Treasury Secretary would report to Congress on how he is properly using the authority. If this is allowed the government debt will be raised to $11.3 trillion, up from $10.6 trillion. It will also save an immeasurable amount of companies, jobs, and families nationwide.

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