Shocking, isn’t it? From the NY Times:
WASHINGTON — The Bush administration on Saturday formally proposed a vast bailout of financial institutions in the United States, requesting unfettered authority for the Treasury Department to buy up to $700 billion in distressed mortgage-related assets from the private firms.
Specifically, this part:
Sec. 8. Review: 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.
Let me ask: Is ANYONE (Other then Sen. McCain and the rest of the GOP) Dumb enough to think that this administration, A paragon of complete Incompetence, can be trusted? I mean, look at his record…
At the least, we need oversight to prevent this administration from simply squandering MORE of the United States Taxpayer Money. Is the Democratic Party so foolish to actually PASS that provision? I don’t know about anyone else, but I’m calling the offices of my Representative and BOTH senators.
Music I’m listening to now:
“So What” by Pink. You can see the video on VH1.
