- Sep 27, 2005
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This is some heavy stuff. The biggest ripoff since the federal reserve bank was signed into law.
Section 8 saids that America can be ripped off and the people can not go to any court to seek justice, all actions are final.
Sec. 8 of bail out Bill
Posted by Granny of 8 on 9/22/2008, 3:40 pm
66.20.39.54
Have any of read this part of the bail out bill that has been proposed?
Section 8 (which ironically reminds one of the popular name of the portion of the 1937 Housing Act that paved the way for subsidized affordable housing ) of this legislation is just a single sentence of thirty-two words, but it represents a significant consolidation of power and an abdication of oversight authority that's so flat-out astounding that it ought to set one's hair on fire. It reads, in its entirety:
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.
In short, the so-called "mother of all bailouts," which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People's duly sworn representatives. All decision-making power will be consolidated into the Executive Branch.
Section 8 saids that America can be ripped off and the people can not go to any court to seek justice, all actions are final.
Sec. 8 of bail out Bill
Posted by Granny of 8 on 9/22/2008, 3:40 pm
66.20.39.54
Have any of read this part of the bail out bill that has been proposed?
Section 8 (which ironically reminds one of the popular name of the portion of the 1937 Housing Act that paved the way for subsidized affordable housing ) of this legislation is just a single sentence of thirty-two words, but it represents a significant consolidation of power and an abdication of oversight authority that's so flat-out astounding that it ought to set one's hair on fire. It reads, in its entirety:
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.
In short, the so-called "mother of all bailouts," which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People's duly sworn representatives. All decision-making power will be consolidated into the Executive Branch.
