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Paulson’s power grab


 

My favourite line from the proposed US$700 billion lifeline to Wall Street:

“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.”

Hands up if you think suspension of the rule of law is a good idea…anyone?…anyone?

FOR MORE: Paulson’s folly


 

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