No credit? No problem if you're dealing with the Bush administration.

A sly college student activist recently was able to disrupt a fire sale of oil and gas leases announced by the Bush administration on election day by bidding up the prices at auction and buying leases at high prices other bidders could not afford. The truly astounding thing about this sting is that it could only be accomplished because the Bush administration is still blind to the lessons from the mortgage crisis. They were so eager to sell off government assets on the cheap that they didn't do a credit check on the buyers. The student had no money to complete his purchases and the auction can't be repeated until after Obama, who has vowed to stop it, takes office.