Thursday, Nov 26th

Last update06:48:40 AM GMT

You are here News Domestic (USA) Treasury Seeks Asset-Buying Power Unchecked by Courts

Treasury Seeks Asset-Buying Power Unchecked by Courts

E-mail Print PDF

The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets.

Through his plan, Treasury Secretary Henry Paulson aims to avert a credit freeze that would bring the financial system and the world's largest economy to a standstill. The bill would prevent courts from reviewing actions taken under its authority.


Most Recent Related Stories...

How Walmart Keeps an Eye on Its Massive Workforce

Walmart spiesIn the autumn of 2012, when Walmart first heard about the possibility of a strike on...

Most Students Have No Clue What Accurate Native American History Looks Like

US students have warped view of historyWhile schools take time off to celebrate Thanksgiving -- a holiday based on the supposed friendly...

Armed group publishes home addresses of Muslims in North Texas

Anti Muslims publish Muslim infoAn armed anti-Muslim group protesting at a North Texas mosque this week has published the home...

Missouri supreme court rules to dismiss death row inmate's murder convictions

Reggie ClemonsReggie Clemons, a Missouri prisoner who has spent 22 years on death row for the 1991...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!