[Q] - Much of the blogosphere is up in arms because of the
provision in Senator Dodd’s financial bailout bill that might funnel
profits from the bailout plan to ACORN Housing (related to the
disreputable activist group ACORN), and other more reputable service
organizations.
I have read Dodd’s proposed statute and in some respects, it is
far worse than has been reported. Senator Dodd has placed a loophole
in the bill that is explicitly designed to siphon off tens or hundreds
of billions of dollars to the Housing Trust Fund and the Capital
Magnet Fund even if there are no net profits in the $700 billion
venture. -
http://volokh.com/archives/archive_2008_09_21-2008_09_27.shtml#1222499614
Like I said, it's Christmas in Washington, especially for Dodd,
Schumer, Barney Frank, and every other socialist engineer in
government.
And last night the back-slappers club, their champions.
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