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Emergency Economic Stabilization Act of 2008

All 106 pages of the bailout legislation are available here. The legislation gives almost total control to Henry M. Paulson. Look, for example, at this conflicts-of-interest provision: (a) STANDARDS REQUIRED.? The Secretary shall issue regulations or guidelines necessary to address and manage or to prohibit conflicts of interest that may arise in connection with the administration and execution of the authorities provided under this Act, including? (1) conflicts arising in the selection or hiring of 18 contractors or advisors, including asset managers; (2) the purchase of troubled assets; (3) the management of the troubled assets held; (4) post-employment restrictions on employees; and (5) any other potential conflict of interest, as the Secretary deems necessary or appropriate in the public interest...continue to full post

Full post as published by Crime & Federalism on September 28, 2008 (boomark / email).