TV News LIES

Thursday, Jul 30th

Last update05:10:05 AM GMT

You are here News Economy A Bailout Above the Law

A Bailout Above the Law

E-mail Print PDF

“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,” the original draft of the proposed bill says.

And with those words, the Treasury secretary — whoever that may be in a few months — will be with vested with perhaps the most incredible powers ever bestowed on one person over the economic and financial life of the nation. It is the financial equivalent of the Patriot Act.

Treasury Secretary Henry M. Paulson Jr.’s $700 billion proposal to bail out Wall Street is both the biggest rescue and the most amazing power grab in the history of the American economy.

More...


Most Recent Related Stories...


Social Security Disability Fund Will Run Dry Next Year

SS funds to run outThe 11 million Americans who receive Social Security disability face steep benefit cuts next year, the...

Obama acts to extend overtime pay for millions

ObamaSalaried workers who earn nearly $1,000 per week would become eligible for overtime pay under a...

Microsoft hangs up on Nokia business, to cut 7,800 jobs

MicrosoftMicrosoft Corp (MSFT.O) said on Wednesday it would cut 7,800 jobs, or nearly 7 percent of...

Massachusetts Home Care Workers Win Fight For $15

Home care workersMassachusetts home care workers have notched the latest victory in the Fight for $15.Under an agreement...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!