Bill Is Unconstitutional
The Paulson Proposal is ill-advised, the wrong approach, will not create any jobs.
Furthermore, there is no constitutional authority for the US Government or the Federal Reserve to use public (taxpayer) money for what is definitely a private purpose (bailing out Wall Street).
The bill sets up an oversight board, which is directed to “ensure that the policies implemented” by Mr. Paulson are proper. Mr. Paulson is to be one of the five members of the board watching over his own actions. He is joined by the chairman of the Federal Reserve, the chairman of the Securities and Exchange Commission, the Housing Secretary and the director of the Federal Home Finance Agency.
The proposed toothless oversight board does anything but waste more taxpayer money.
New Proposal Cedes Congressional Authority To The Administration
Paulson, or whoever the next Treasury Secretary is, can buy whatever he wants, at whatever price he wants. Why should Congress give such authority to anyone at any time?
http://globaleconomicanalysis.blogspot.com/
STOPPING A FINANCIAL CRISIS THE SWEDISH WAY
http://www.nytimes.com/2008/09/23/business...23krona.html?em
SUB-PRIME MORTGAGE WOES ARE NO ACCIDENT
http://solari.com/news/announcements/08-07-07/
QUOTE (g7enn @ Sep 30 2008, 09:35 AM) 
Bill Is Unconstitutional
The Paulson Proposal is ill-advised, the wrong approach, will not create any jobs.
Furthermore, there is no constitutional authority for the US Government or the Federal Reserve to use public (taxpayer) money for what is definitely a private purpose (bailing out Wall Street).
The bill sets up an oversight board, which is directed to “ensure that the policies implemented” by Mr. Paulson are proper. Mr. Paulson is to be one of the five members of the board watching over his own actions. He is joined by the chairman of the Federal Reserve, the chairman of the Securities and Exchange Commission, the Housing Secretary and the director of the Federal Home Finance Agency.
The Paulson Proposal is ill-advised, the wrong approach, will not create any jobs.
Furthermore, there is no constitutional authority for the US Government or the Federal Reserve to use public (taxpayer) money for what is definitely a private purpose (bailing out Wall Street).
The bill sets up an oversight board, which is directed to “ensure that the policies implemented” by Mr. Paulson are proper. Mr. Paulson is to be one of the five members of the board watching over his own actions. He is joined by the chairman of the Federal Reserve, the chairman of the Securities and Exchange Commission, the Housing Secretary and the director of the Federal Home Finance Agency.
You are right! We must all call our representatives and tell them NOT to pass this bill! Do it TODAY, tomorrow may be to late!!
Hmm? What? ... Oh ... well that's very different.
...
Never mind.
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