Alan Davidson over at NPR's Planet Money blog takes a look at the bailout bill.
It's scary.
This graph really stands out:
"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."
Whoa.
So, for the next three months, and then an additional six months after that, the Treasury Secretary can do anything he deems appropriate without anybody anywhere looking it over.
That seems like an awful lot of absolute power. Am I wrong? Is this typical bureaucratic langauge? Or is this as strange as it seems?
No comments:
Post a Comment