Full text of Teasury's bailout proposal
http://money.cnn.com/2008/09/20/news/economy/treasury_proposal/index.htm?postversion=2008092011
It is less than 3 pages and worth reading.
There are a lot of things in here that scare me.
Not the least of which:
(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;
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 Daily Show's take on all this:
http://www.hulu.com/watch/36252/the-daily-show-with-jon-stewart-tue-sep-23-2008
It is less than 3 pages and worth reading.
There are a lot of things in here that scare me.
Not the least of which:
(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;
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 Daily Show's take on all this:
http://www.hulu.com/watch/36252/the-daily-show-with-jon-stewart-tue-sep-23-2008