One could have a terrible sense that the whole California high speed rail scam was designed finally to end in this: Sen. Darrell Steinberg, High Speed Rail Baronet-Sacramento, and President Pro Tem of the state Senate, proposing to "securitize" cap-and-trade auction funds, generated through the authority of Prop. 32, the Greenhouse Gas Initiative, to fund a project neither courts, private investors, the major railroad companies, or the public wants.