NJ5 on 28 October 2008
| Kasz216 said: The congress could eaisly block this from happening and demand the money back... yet. |
If I remember correctly, the text of the law (or whatever you call it) approving the bailout gave the Federal Reserve wide powers to do whatever they wanted. There was even a clause saying that no court could challenge decisions made about how the money is spent (this cause would probably not stand up in court, but it was there).
Some weeks ago I saw someone saying that a recession/depression is a way for the rich to get even richer while the rest of us get poorer. This and other recent events make that look quite accurate. Call me cynical, but I don't believe this crisis just "happened".
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