[Homestead] We're from the government; trust us

Don Bowen don.bowen at earthlink.net
Mon Sep 22 16:48:54 EDT 2008


> Fourth, I really started steaming this morning reading the NYT article
> about the participation of foreign banks in the bailout. Granted that
> the US has an interest in protecting financial markets, but why should
> the US be bailing out German and UK firms?

That part was added on Sunday after intense pressure from financial
lobbyists.

The part I think that should be stricken first is the section where any
action taken under the act by the secretary and by extension the executive
branch cannot be reviewed by any legislative or judicial process.  The
secretary of the tresurie is also the one who determines what those actions.


Unprecedented power grab by a group known to abuse power at every
opportunity.

Don Bowen  KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html



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