David Cay Johnston, formerly of the New York Times has a list of valid questions on the Wall Street bailout. Definitely worth a look. Hat tip to Talking Points Memo.

To put this plan into perspective, at $700 billion, that puts each American — man, woman and child — on the hook for about $2,300. And it may be even more than that. I think it’s worth taking a step back and a deep breath, and asking what the taxpayers get for if they make such an investment. Is it really necessary? If so, are there unintended consequences? Could the medicine, in time, prove worse than the disease?

Sweeping policies changes made in a rush seem to beg for trouble.