Lunacy Sandwich

clipped from www.qando.net ``If they pass this thing, it's awful what the consequences are going to be in terms of an ongoing federal relationship that doesn't need to exist with the institutions,'' O'Neill said. ``Are we going to insist on having a federal representative on boards of directors to protect our investment?'' The main component of the legislation now under consideration is giving the Treasury secretary authority to purchase distressed mortgage-related assets with an amount of money equivalent to about half of Canada's annual gross domestic product. ``We have no capacity in the federal government and it's not possible to create a capacity to manage a $700 billion property portfolio,'' said O'Neill, who was chairman of Alcoa Inc., the largest U.S. aluminum producer, from 1987 to 2000. ``It's crazy. It's like we've lost our moorings.''