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: SCOTUSBLOG

Analysis: No role for Court in bailout plan

By Akin Gump Supreme Court Practice Group

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Analysis As Congress prepares to act speedily on the grant of power to the Treasury Secretary to buy up $700 billion worth of bundles of bad mortage loans, the Supreme Court may watch in fascination, but it would have no power to second-guess the “bailout,” if enacted.  Given the sweep of the authority that would go to the Secretary, it might raise some constitutional questions. But there would be no way to test those in court. The plan is outlined in a draft proposal (as published i read more

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Full post as published by SCOTUSBLOG on September 21, 2008 (boomark / email).

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