Normally, I don’t write 2 blogs in one day but this is important and totally unacceptable!
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.
Do they think we are just going to roll over and allow this? Do they not remember that there is an election to be held soon? Any Congress member that allows this to stand needs to be tarred & feathered and then publicly hung by their balls if they have any.
In short, the so-called “mother of all bailouts,” which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People’s duly sworn representatives. All decision-making power will be consolidated into the Executive Branch – who, we remind you, will have the incentive to act upon this privilege as quickly as possible, before they leave office. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping the outlay, and no fundamental means of holding those who fail to do so accountable.
THIS IS WRONG! There MUST be accountability both by Congress whose job it is to oversee the Executive Branch and the courts whose job it is too protect the people from abuse of power.