Court oversight neglected

September 30, 2008
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Hey, there. I’ve found myself in a bit of a pickle financially and need around $700 billion. Can you lend it to me without me telling you what I need it for? Thanks. But by the way, if I don’t repay it, or I do things with the money that you don’t like, you have no recourse to get your money back.

What? You don’t want to lend me the money anymore? But I really need it, and if you don’t give it to me, bad things will happen. You should just overlook the fact that my decisions in what to do with the money can’t be reviewed by the courts.

That’s pretty much how I interpret what’s going on with the bailout package proposed by President Bush’s administration. They’ve focused so much on the doom and gloom that will happen if this package isn’t passed by Congress that the general public may not know about Section 8 of the legislative proposal for the treasury to be able to buy mortgage-related assets.

Section 8 of the original resolution states: “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.”

But Congress must not have liked that lack of oversight because the unlimited powers for the secretary of the treasury outlined in the original resolution were changed. The amended resolution includes Section 119 – Judicial Review and related matters. Under this section, actions by the treasury secretary under this act can be held to be unlawful and set aside if they are found to be arbitrary, capricious, an abuse of discretion, and not in accordance with the law.

Wasn’t a lack of review and oversight what got the U.S. into the financial mess it’s in now? The president, his administration, and Congress need to slow down and examine this package thoroughly because if it passes, it needs to be the best possible scenario for Wall Street, financial institutions, and taxpayers, or else we could just end up in this mess again in a few years.

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  1. Joe, you might want to do some reading on the fate of Hoosier whistleblowers before you get your expectations raised up.

  2. I had a hospital and dcs caseworker falsify reports that my child was born with drugs in her system. I filed a complaint with the Indiana department of health....and they found that the hospital falsified drug screens in their investigation. Then I filed a complaint with human health services in Washington DC...dcs drug Testing is unregulated and is indicating false positives...they are currently being investigated by human health services. Then I located an attorney and signed contracts one month ago to sue dcs and Anderson community hospital. Once the suit is filed I am taking out a loan against the suit and paying a law firm to file a writ of mandamus challenging the courts jurisdiction to invoke chins case against me. I also forwarded evidence to a u.s. senator who contacted hhs to push an investigation faster. Once the lawsuit is filed local news stations will be running coverage on the situation. Easy day....people will be losing their jobs soon...and judge pancol...who has attempted to cover up what has happened will also be in trouble. The drug testing is a kids for cash and federal funding situation.

  3. (A)ll (C)riminals (L)ove (U)s is up to their old, "If it's honorable and pro-American, we're against it," nonsense. I'm not a big Pence fan but at least he's showing his patriotism which is something the left won't do.

  4. While if true this auto dealer should be held liable, where was the BMV in all of this? How is it that the dealer was able to get "clean" titles to these vehicles in order to sell them to unsuspecting consumers?

  5. He has refused his Assent to Laws, the most wholesome and necessary for the public good. He has forbidden his Governors to pass Laws of immediate and pressing importance, He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance. He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation: For imposing Taxes on us without our Consent: He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.. He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless [ ] Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions. GOD BLESS THE GOVERNORS RESISTING! Count on the gutless judiciary to tie our children down and facilitate the swords being drawn across their throats. Wake Up America ...