Bank Bailout Bill Avoids Court Scrutiny

[SergeantPepper/ACT]

QUOTE
As Congress prepares to act speedily on the grant of power to the
Treasury Secretary to buy up $700 billion worth of bundles of bad
mortage loans, the Supreme Court may watch in fascination, but it
would have no power to second-guess the “bailout,”
according to the draft, “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.”
END QUOTE

Original Source for story: http://www.nytimes.com/2008/09/21/business/21draftcnd.html

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As if this latest Grand Larceny of the Bush Administration, paying off
the banks and their lobbyist with $700 billion or more in debt that
will strangle American's prospects and it's people for decades -- now
they propose avoiding one of the clearest know principles of the U.S.
Constitution: "Checks & Balances."

Checks & Balances means that the division of power in the United
States is legally divided (or suppose to be legally divided) between
three sources: The President, Congress and the Courts.

Bush has already *ucked this over but this is the first time I've
actually seen it spelled out, in print, in a proposed piece of
legislation that the Bush White House wants to ram down our throats in
the next four days.

So, they're saying: "We need $700-billion MORE, and we need it in four
days, and nobody can review or question what we do."

This is Exactly want Checks & Balances is intended to prevent; rip
offs.

Bush's last act in the White House will probably be to steal the the
lightbulbs from the White House on his way out the door.