(no subject)

Sep 29, 2008 23:38

Text of the Failed Bailout

I'd just like to highlight one part:

b) Necessary Actions.-The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation:
. . .
. . .(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them

This is the kind of architecture that could result in the financial moves that made possible the coup d'etat in The Handmaid's Tale.
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