Around $233,333,333,333 per page

The Bush administration has submitted an outline of their proposed plan for this massive bailout of the American financial system. It's less than three pages long but talks about spending $700 billion dollars.

Now that's some expensive paper.

The Bush administration on Saturday formally proposed to Congress the largest financial bailout in United States history, requesting virtually unfettered sweeping authority for the Treasury to purchase up to $700 billion in mortgage-related assets from financial institutions headquartered in the United States.

The proposal was stunning for its stark simplicity: less than three pages, it would raise the national debt ceiling to $11.3 trillion. And it would place no restrictions on the administration other than requiring semi-annual reports to Congress, allowing the Treasury to buy and resell mortgage debt as it sees fit.

I'm alarmed by the minimal oversight that this calls for... isn't a lack of regulation how we got into this mess???