To the Justices of the Supreme Court of the United States:
Your silence -- as Congress, the Federal Reserve, and the Treasury Department have mortgaged the future of our country -- is deafening. I understand your docket is full at the moment, so I'll make this quick. I'd like you to answer a simple question for me: "Are these bailouts even constitutional?"
OK, maybe that's not such a simple question. But given that our government has put taxpayers on the hook for trillions of dollars in a matter of months, as the ultimate arbiter of the Constitution, it would be reassuring to hear your take on the matter.
We've already heard more than enough from the other two branches of government, but we haven't heard a word from you during this, the most critical economic moment in our country's history. And that's a shame, because the decisions the government makes during this crisis will have serious long-term consequences for our country.
Now, I'm not a constitutional scholar, so maybe I'm just missing something obvious. But I can't seem to find an article or clause in the Constitution that gives the Treasury Secretary or another executive officer a blank check worth half our gross domestic product to bail out banks like Citigroup
But again, maybe I'm just missing something obvious. In either case, I think the people are entitled to your thoughts. We rely on the Constitution, and your interpretation of this living document, to protect our individual liberties, which could be compromised considerably by the ramifications of the bailouts. And please do hurry, before they auction off Hawaii to pay for all of this.
Todd Wenning does not own shares of any company mentioned. Bank of America is a Motley Fool Income Investor selection. American Express Co. is a Motley Fool Inside Value pick. The Fool owns shares of American Express Co. The Fool is investors writing for investors.