--- In FairfieldLife@yahoogroups.com, new.morning <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com, "authfriend" <jstein@> wrote: > > > > --- In FairfieldLife@yahoogroups.com, "authfriend" <jstein@> wrote: > > <snip> > > > > The only sustainable solution is to let these complex financial > > > > instruments, and housing valuations, to unwind and reach true > > > > value. There will be disruptions. > > > > > > There will be global economic catastrophe. > > > > > > You obviously have no concept of how serious > > > this is. At this point it's an insolvency and > > > credit crisis that threatens to bring down the > > > whole economy. It's a major, major emergency > > > that has to be addressed *immediately*. > > > > I should add that the current plan appears to have > > huge problems, but something drastic has to be done > > even if it hurts the taxpayers--because "letting > > things unwind" will hurt them far, far worse. It > > simply isn't an option. > > Lay out your case in details. i don't make trillion dollar investments > based on arm waving and sparse words. > > > > >
You mean like this? Note Section 8. This is the IRaq War all over again, but asking for all the money for Haliburon and friends up front. I gotta think that this will be a litmus test for true patriotism by all sides, liberal conservative, libertarian, socialist, whatever. NO-ONE not in teh BUsh Administration could possibly pass this measure without amending Section 8, which is aptly labeled, come to think of it: http://www.nytimes.com/2008/09/21/business/21draftcnd.html? _r=1&adxnnl=1&oref=slogin&ref=business&pagewanted=print&adxnnlx=1221962684- NDMKU8ShLgxHgsPuAUPdLw http://tinyurl.com/4edott Sec. 7. Funding. For the purpose of the authorities granted in this Act, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities may be issued under chapter 31 of title 31, United States Code, are extended to include actions authorized by this Act, including the payment of administrative expenses. Any funds expended for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure. 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.
