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Old October 1st, 2008, 08:12 PM   #16
Just The Spouse's spouse
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The new legislation states: “Decisions by the Secretary [of the
Treasury] 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.”

As the Secretary collects and sells off properties and debts, he alone determines who will be the beneficiaries of these sales, under what terms and conditions, and how the profits accruing from these sales will be distributed. In essence, the government will be buying assets from a group of people (many of whom caused or contributed to the crisis in the first place) that will then administer these assets for the government and then sell them back to the same group of people and/or their business associates. The possibilities for malfeasance, incompetence, corruption and conflict of interest are virtually endless.

This is scary...........

Last edited by motrctyman; October 1st, 2008 at 08:21 PM.
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