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Bailout is Financial Equivalent of Patriot Act

By admin | September 23, 2008

I thought this would be meaningful to my readers, bearing in mind we have been talking so long about totalitarian government and the evils of the Patriot Act. Now, it seems, the government are intent on excercising total control over the free markets…”

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,” the original draft of the proposed bill says.

And with those words, the Treasury secretary – whoever that may be in a few months – would be vested with perhaps the most incredible powers ever bestowed on one person over the economic and financial life of the United States. It is the financial equivalent of the Patriot Act, after 9/11.

Read more on this Dealbook article at International Herald Tribune…

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