“Bailout Being Challenged In Appellate Court”

From The Article:
“The bailout bill, which was signed by the President into law last Friday afternoon, (allegedly) provides the authority for the U.S. Government to purchase or insure $700 billion of unspecified (private) assets from unspecified (private) institutions, (including foreign entities), at its sole discretion.
Unlike the draconian language contained in Treasury’s original draft which would have completely exempted the Treasury Secretary from all congressional and judicial oversight, the EESA act passed Friday expressly recognizes the jurisdiction of the U.S. Courts and directs them to grant or deny requests for Temporary Restraining Orders within three days of a request seeking to, “remedy a violation of the Constitution.”
(Thank Heaven for Bob Schultz and the WTP organization)

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One Response to ““Bailout Being Challenged In Appellate Court””

  1. Bailout » Blog Archive » “ Bailout Being Challenged in Appellate Court” Says:

    […] “The bailout bill, which was signed by the President into law last Friday afternoon, (allegedly) provides the authority for the US Government to purchase or insure $700 billion of unspecified (private) assets from unspecified (private) …[Continue Reading] […]

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