From The Nation: Under Paulson’s draft plan, Congress and the courts would have been barred from reviewing or challenging his moves to stabilize financial markets — effectively making him the nation’s economic czar. That’s not just a dangerous power grab for economic and politic reasons. It’s unconstitutional. So basically, this man is looking for $700…
Tag: Fed
Fed Bear Stearns bailout an ominous sign
Great article on how the government is ok with bailing out, providing tax breaks, and subsidies, to large corporations, using YOUR MONEY. But when it comes to you and helping you during hard times, you get nothing, because helping you is deemed too expensive. Bear Stearns is too important to allow to fail, but millions of homeowners can…