An Elite Patriot Act

From Section 8 of the Treasury’s Financial-Bailout Proposal to Congress:

"Decisions by the Secretary [Henry Paulson] 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."

If this bail out passes, everything U.S. Treasury Secretary Henry "We need this to be clean and to be quick" Paulson says and does goes, without question or review.

The same Henry Paulson who has said:
Of course the list [of difficulties] is going to grow longer given the stresses we have in the marketplace, given the housing correction - but again, it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation."

July 20, 2008
"In my judgment, we are closer to the end of the market turmoil than the beginning," he said. "Looking forward, I expect that financial markets will be driven less by the recent turmoil and more by broader economic conditions and, specifically, by the recovery of the housing sector."

May 16, 2008
"The worst is likely to be behind us."

May 7, 2008
"I'm seeing a series of ideas suggested involving major government intervention in the housing market, and these things are usually presented or sold as a way of helping homeowners stay in their homes. Then when you look at them more carefully what they really amount to is a bailout for financial institutions or Wall Street."

February 28, 2008
"This is far and away the strongest global economy I've seen in my business lifetime."

August 1, 2007
"The market has focused on this. There's a wake-up call, and there's an adjustment to this repricing of risk, but I see the underlying economy as being very healthy."

July 12, 2007
"I don't see subprime mortgage market troubles imposing a serious problem. I think it's going to be largely contained."

April 20, 2007.
Here's the entire Treasury Bail-Out Package, courtesy the Wall Street Journal.

Read more from Glenn Greenwald at Salon about how the Bush Administration uses terror tactics to get whatever it is they want, whether it be war powers, domestic eavesdropping powers or bilking U.S. taxpayers out of $700 billion $1.8 trillion. This radical give away of tax payer money is following the exact same script.

The Treasury’s Financial-Bailout Proposal is a Patriot Act for the Financial World.


  • Contact your Senator here.


  • Contact your Representative here.



--WKW

Crossposted at Williamkwolfrum.com


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