Friday, December 26, 2008

How did we miss it??

Thankfully someone did some more reading and actually caught this:

"7. 32 Important Words The Media Missed
Back when Henry Paulson wrote up the proposed $700 billion bailout package, it contained this part called "Section 8," whose thirty-two words basically precluded any or all efforts to hold anyone involved in the disbursement of these monies accountable:

"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.""


link

WHAT?!?!?

You mean that Paulson actually managed to skirt around the wishes of the Democrats who called for oversight -- and snuck in this kind of language that all but guaranteed that he could do whatever he wanted with the funds??

I understand that the initial bill grew exponentially to get the attention of the Republicans who voted against the trimmed down -- just get to the facts part of the bill. It took a lot of "sweet sprinkles" before the GOP signed up -- being the wasteful electorate they are....

So how did Paulson keep in play? Especially now that we know that banks have refused to reveal how they're using it despite the fact that they were the ones begging for money for this supposed bailout.

Something stinks royally -- and it's coming from the Bush and his prized Paulson. This should've never been included in the final passage and whoever included it -- should be held completely responsible. I wish this got a lot more airplay in main stream media because someone lied in the process and it's OUR money and should have some say in it...

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