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.Sec. 8. Review.
What???? Isn't that unconstitutional, fascist and a load of other pejorative characteristics?
My Mario Kart Wii friend code: 2707-1866-0957
| Rath said: I don't like the fact that this gives the message to banks 'don't worry how much you fuck up, the taxpayer can pay for the lot'. Sadly though it is perhaps necessary, there needs to be a shitload more regulation of the financial markets though - this entire crisis was foreseeable and preventable and as such unforgivable. |
It wasn't lack of regulation. It was lack of oversite... a lot of the stuff they were doing were still illegal. Just nobody called them on it.
End game of Capitalism, and if I recall my American History lessons, this is what happened before the Great Depression (Banks failing, businesses going under, and people losing huge amounts of property ). All empires and establishments/Governments fall eventually and history can prove that. Think of these days as the last days of Western global domination. Thank you George W Bush.
| loy310 said: End game of Capitalism, and if I recall my American History lessons, this is what happened before the Great Depression (Banks failing, businesses going under, and people losing huge amounts of property ). All empires and establishments/Governments fall eventually and history can prove that. Think of these days as the last days of Western global domination. Thank you George W Bush. |
I'm thinking this may have been the plan all along...
Paulson was the CEO of Goldman Sachs. Now that he's in the government, he suddenly pursues an initiative which will grant him unlimited power to give away money to banks... Not even the Supreme Court can challenge this.
Hello???
My Mario Kart Wii friend code: 2707-1866-0957
NJ5 said:
I'm thinking this may have been the plan all along... Paulson was the CEO of Goldman Sachs. Now that he's in the government, he suddenly pursues an initiative which will grant him unlimited power to give away money to banks... Not even the Supreme Court can challenge this. Hello???
|
Well if the Supreme court cares enough they could always just strike down the law as unconstitutional once someone sues about it.
NJ5 said:
I'm thinking this may have been the plan all along... Paulson was the CEO of Goldman Sachs. Now that he's in the government, he suddenly pursues an initiative which will grant him unlimited power to give away money to banks... Not even the Supreme Court can challenge this. Hello???
|
At this rate they might aswell suspend the U.S Constitution.
Thank you free market for solving all our problems!
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
Have any of you tried asking random people on the streets if they know what the Constitution is?
| Galaki said: Have any of you tried asking random people on the streets if they know what the Constitution is? |
No, Have You?
| akuma587 said: Thank you free market for solving all our problems! |
The problem isn't the "Free Market" the problem is the government meddling in the market without any consideration of the unintended consequences of their actions ...
The Federal Reserve has a dual mandate which means that it has the same mandate as every other centeral bank to preserve the value of the dollar, and it has a secondary mandate to prevent ecconomic downturns; the secondary mandate is foolish because it means that the money supply will be to plentiful when their appears to be problems in the market, and rather than these problems being corrected new bubbles are formed withing the market which can pop in a very destructive fashion.
At the same time, regardless of the political party in power, the Government plays around with regulations for their own political reasons; the consequences of these changes may be immediate, or they may take decades to become clear.
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