Quote:
Originally Posted by Muncle
Unfortunately, the current bailout legislation is quickly becoming a tool for additional billions in pet projects. Schumer(sp?) & Co in the Senate and scores of House members will attempt to add on their favorite welfare bills that could not and would not pass on their own.
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Actually its a little different than the content of the post above.....
The Democrats and some Republicans object to this section....
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.
Not a lot of people know about this section..Congress wants some oversite.
The CEO's of the bailouted companies, would still receive a golden parachute, in the case of AIG that was 22 million dollars. The issue of these packages has to be addressed.
Of course old GW is against limiting these parachutes..
http://abcnews.go.com/Business/Polit...5855805&page=1
Also this package has no relief for the people of mainstreet....this will only bailout Wall Street and some foreign banks including Barclays and USB
If this is my money I would like to know where it was going....but I forgot it is my money and by the way your money also.