Rigged Game
Emergency Economic Stabilization Act of 2008
9 SEC. 3. DEFINITIONS.
10 For purposes of this Act, the following definitions
11 shall apply:
7 (5) FINANCIAL INSTITUTION.-The term ‘‘fi-
8 nancial institution’’ means any institution, including,
9 but not limited to, any bank, savings association,
10 credit union, security broker or dealer, or insurance
11 company, established and regulated under the laws
12 of the United States or any State, territory, or pos-
13 session of the United States, the District of Colum-
14 bia, Commonwealth of Puerto Rico, Commonwealth
15 of Northern Mariana Islands, Guam, American
16 Samoa, or the United States Virgin Islands, and
17 having significant operations in the United States,
18 but excluding any central bank of, or institution
19 owned by, a foreign government.
4 (9) TROUBLED ASSETS.-The term ‘‘troubled
5 assets’’ means-
6 (A) residential or commercial mortgages
7 and any securities, obligations, or other instru-
8 ments that are based on or related to such
9 mortgages, that in each case was originated or
10 issued on or before March 14, 2008, the pur-
11 chase of which the Secretary determines pro-
12 motes financial market stability; and
13 (B) any other financial instrument that the
14 Secretary, after consultation with the Chairman
15 of the Board of Governors of the Federal Re-
16 serve System, determines the purchase of which
17 is necessary to promote financial market sta-
18 bility, but only upon transmittal of such deter-
19 mination, in writing, to the appropriate commit-
20 tees of Congress.
21 TITLE I-TROUBLED ASSETS
22 RELIEF PROGRAM
23 SEC. 101. PURCHASES OF TROUBLED ASSETS.
24 (a) OFFICES; AUTHORITY.-
1 (1) AUTHORITY.-The Secretary is authorized
2 to establish the Troubled Asset Relief Program (or
3 ‘‘TARP’’) to purchase, and to make and fund com-
4 mitments to purchase, troubled assets from any fi-
5 nancial institution, on such terms and conditions as
6 are determined by the Secretary, and in accordance
7 with this Act and the policies and procedures devel-
8 oped and published by the Secretary.
----
The banking system is chowned.
Specifically, I would write this as:
chown --silent --recursive -H govt:socialist useconomy*
9 SEC. 3. DEFINITIONS.
10 For purposes of this Act, the following definitions
11 shall apply:
7 (5) FINANCIAL INSTITUTION.-The term ‘‘fi-
8 nancial institution’’ means any institution, including,
9 but not limited to, any bank, savings association,
10 credit union, security broker or dealer, or insurance
11 company, established and regulated under the laws
12 of the United States or any State, territory, or pos-
13 session of the United States, the District of Colum-
14 bia, Commonwealth of Puerto Rico, Commonwealth
15 of Northern Mariana Islands, Guam, American
16 Samoa, or the United States Virgin Islands, and
17 having significant operations in the United States,
18 but excluding any central bank of, or institution
19 owned by, a foreign government.
4 (9) TROUBLED ASSETS.-The term ‘‘troubled
5 assets’’ means-
6 (A) residential or commercial mortgages
7 and any securities, obligations, or other instru-
8 ments that are based on or related to such
9 mortgages, that in each case was originated or
10 issued on or before March 14, 2008, the pur-
11 chase of which the Secretary determines pro-
12 motes financial market stability; and
13 (B) any other financial instrument that the
14 Secretary, after consultation with the Chairman
15 of the Board of Governors of the Federal Re-
16 serve System, determines the purchase of which
17 is necessary to promote financial market sta-
18 bility, but only upon transmittal of such deter-
19 mination, in writing, to the appropriate commit-
20 tees of Congress.
21 TITLE I-TROUBLED ASSETS
22 RELIEF PROGRAM
23 SEC. 101. PURCHASES OF TROUBLED ASSETS.
24 (a) OFFICES; AUTHORITY.-
1 (1) AUTHORITY.-The Secretary is authorized
2 to establish the Troubled Asset Relief Program (or
3 ‘‘TARP’’) to purchase, and to make and fund com-
4 mitments to purchase, troubled assets from any fi-
5 nancial institution, on such terms and conditions as
6 are determined by the Secretary, and in accordance
7 with this Act and the policies and procedures devel-
8 oped and published by the Secretary.
----
The banking system is chowned.
Specifically, I would write this as:
chown --silent --recursive -H govt:socialist useconomy*