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Bush gives Fed's nearly unlimited power and no oversight

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posted on Sep, 22 2008 @ 04:19 AM
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Bush gives Fed's nearly unlimited power and no oversight


online.wsj.com

Draft legislation proposes sweeping powers for Treasury Secretary Henry Paulson to buy and sell mortgage-related securities however he sees fit. Aside from requiring periodic reports to Congress, the bill provides no oversight of the bailout's management -- and specifically bars any court or agency from reviewing it.
(visit the link for the full news article)




posted on Sep, 22 2008 @ 04:19 AM
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Yet more govt. with no oversight requirements.



online.wsj.com
(visit the link for the full news article)



 
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