Sunday, September 21, 2008

The Bush Administrations Billion Rescue Plan - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

The current misadministration has a $700 billion garbage buy-up plan. Don't take My word for it: What else are "toxic assets"? And here, courtesy of the Associated Press, is the draft of the bill that seeks to create a Garbage Buying Agency--a privatized garbage buying agency--that coule end up costing Us over a trillion dollars.

LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS

"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."

What the hell? Another fucking bill that says "We'll do what the hell we want and you can just go suck it"? And because the crisis is so widespread amongst the rich feebs in Congress, they will gladly roll over on this bill, actually applying chapstick to their mealy mouths in order to "suck it" with greater vigor.

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