Monday, September 22, 2008

Bail, Taxpayers, Bail!

I won't make claims to know exactly what went wrong with Wall Street, but I do know a constitutional problem when I see it:

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.

That's part of the proposed bailout that would let the fat cats off while taxpayers pick up the tab. "Non-reviewable"? "By any court of law"? Where's the democracy in that? Where's the system of checks and balances? 


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