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Ethics

: Dispatches from the Culture Wars

The Proposed Treasury Bailout Bill

By Ed Brayton (all)

As I said in a comment, I don't feel I know enough the situation to know whether this government intervention is necessary or not or whether it is on balance a good idea or not. But I know that the proposed bill to establish a $700 billion fund for the government to purchase mortgage-related assets is, as written, a very bad idea. For this reason:

Sec. 8. Review.

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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Full post as published by Dispatches from the Culture Wars on September 22, 2008 (boomark / email).

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