21
Sep
08

paulson to be given dictatorial powers over America’s money?

looks like it [undernews]

The Bush regime’s proposed cure for the fiscal crisis involves the granting of greater new and irrevocable power to one official than at any point in American history. On matters financial, Henry Paulson, presently treasury secretary but former major participant, as head of Goldman Sachs, in the dangerous greed-driven practices that led to the crisis, will have the status of a dictator.

This is not being reported by the media; it is not being discussed by the candidates; and it is not being seriously debated by the general public. This is one of the most dangerous moments in American history. From Section 8 of the proposed legislation : “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.”

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