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Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter September 22, 2008

Posted by trouble97018 in Economy, News, Politics.

Huffington Post

September 22, 2008 02:06 PM

A critical – and radical – component of the bailout package proposed by the Bush administration has thus far failed to garner the serious attention of anyone in the press. Section 8 (which ironically reminds one of the popular name of the portion of the 1937 Housing Act that paved the way for subsidized affordable housing ) of this legislation is just a single sentence of thirty-two words, but it represents a significant consolidation of power and an abdication of oversight authority that’s so flat-out astounding that it ought to set one’s hair on fire. It reads, in its entirety:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Source Article



1. trouble97018 - September 22, 2008

If not even the Supreme Court is allowed to oversee this deal then it should not go through. This whole thing bears a distinct resemblance to another event during the Bush administration. THE IRAQ WAR.

We’re going to give almost a trillion dollars with no oversight to the same idiots that started that war and funneled money by the truckload to their cronies?

Give me a break!


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