Paulson was against oversight before he was for it. I've never done it before, but I think I would be really irritated to have oversight when giving somebody else's money to all my buddies. And I would nervously wave both arms in symmetric motions, to convey sincere urgency, like Paulson does.
Section 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.
The following article was written by Peter Morici, a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission.
The Treasury is injecting another $27 billion into AIG and raising the
taxpayers’ investment to $150 billon. Secretary Paulson appears more
intent on helping his pals on Wall Street than protecting taxpayer
interests.
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