Sunday, October 5, 2008

The Bailout Bill: Lies, Lies, Lies! No oversight in sight!

Click on the title for this posting & See page 6, Line 13, for the definition of "Troubled Assets". The Secretary of the Treasury can spend the money on any asset he deems necessary as long as the FED Chairman agrees and they notify, not ask permission from, Congress. How can the program ever be held accountable if the Secretary of the Treasury just has to say "it was necessary"? Will the FED Chairman stick his neck out and get in the way of administering this money? No! So, what did you guys do this weekend? Read the bailout bill, pardon me, law?

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