Treasury Sec Paulson seeks untethered authority!!!

[javero]

Posted: 9/22/08 at 6:14pm

There is an obcure section of public law that would allow Paulson to orchestrate a bailout of troubled financial institution with virtually no oversight. I apologize if most of you're already aware of this. I'm just now able to wrap my brain around it.

It reads,

"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."

Jason Linkins of HufPo has the scoop.
$700 billion allowance with no oversight...i don't think so!