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Ethics
: Dispatches from the Culture WarsThe Proposed Treasury Bailout Bill
By Ed Brayton
As I said in a comment, I don't feel I know enough the situation to know whether this government intervention is necessary or not or whether it is on balance a good idea or not. But I know that the proposed bill to establish a $700 billion fund for the government to purchase mortgage-related assets is, as written, a very bad idea. For this reason:
Sec. 8. Review.Read the rest of this post... | Read the comments on this post...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.
Full post as published by Dispatches from the Culture Wars on September 22, 2008 (boomark / email).
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