Stop the Bush/Wall Street Bailout
The Bush administration is proposing that U.S. taxpayers hand over $700 billion to bail out Wall Street insiders and major financial institution CEOs -- without legal or administrative oversight of Treasury Secretary Paulson.
Are you kidding? That's a heck of a lot of power and money in one man's hands.
Here's what's happening: over the weekend, the Bush administration requested sweeping powers to bail out Wall Street and rescue major financial institutions. Treasury Secretary Henry Paulson said he wants lawmakers to pass the legislation quickly to calm the markets. Conveniently, his 2 1/2 page bailout plan included "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."
$700 billion to bail out Wall Street -- without legal or administrative oversight. And the Bush administration is saying Congress needs to act on this in less than a week. It's ridiculous.
Tell Congress to reject any plan that blindly bails out Wall Street on the backs of struggling taxpayers and homeowners.
We, the undersigned, urge you to reject any plan that blindly bails out Wall Street on the backs of struggling taxpayers and homeowners.
Over the weekend, the Bush administration requested sweeping powers to bail out Wall Street and rescue major financial institutions. Treasury Secretary Henry Paulson said he wants lawmakers to pass the legislation quickly to calm the markets. Conveniently, his bailout plan includes "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."
The Bush administration is proposing that the U.S. taxpayers hand over $700 billion to bail out Wall Street insiders and major financial institution CEOs -- without legal or administrative oversight of Paulson? That's a heck of a lot of power and money in one man's hands.
We need you to reject any plan that puts the Wall Street CEOs ahead of the struggling taxpayers and struggling homeowners.
