Monday, September 22nd — King Henry

September 23, 2008

Today I Learned…

…that the legislation proposed to oversee the $700B-plus bailout for Wall Street includes the following language:

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.

“May not be reviewed by any court of law?!?!?!?”  This would make Secretary Paulson a de facto financial dictator.  I have no confidence in Congress to do anything about this, and the Supremes certainly won’t (even though this is a direct usurpation of their Constitutional authority — hell, their reason for existing!).  WTF?


3 Responses to “Monday, September 22nd — King Henry”

  1. If you ask this superhero, such a provision would not stand up to constitutional scrutiny.

  2. Shawna Says:

    And I learned that without this blog some pretty important information would never reach my eyes. Seriously, why is there not a bigger deal being made of this? It seems slightly…worth noting?

  3. Shawna Says:

    I also learned that I should read the NYTimes before reading your blog 😉

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: