Monday, September 22, 2008

Bucking For A Section 8

"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."

If this bailout gets passed with "Section 8" (above) intact, what you'll wind up with (aside from newly-minted, freshly-armored Wall Street fatcats who just learned that, for them, the law means never having to say you're sorry) is a huge amount of power funneled to the Executive Branch, while walling them off from any avenue for oversight, and offering no guarantees to the taxpayer (you know, the sucker who's footing this bill, even if they chose to play it smart and not get involved in this stock market or these housing markets) in return.

You really don't want to know more... but you should. Read this. And this. Then go watch Oprah... there's nothing you can do, anyway.

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