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We heard today on the show that regular people are really angry at the idea of bailing out Wall Street to the tune of $700 billion. They think Wall Street should pay, not taxpayers.
Many are wondering about this provision in the bailout language:
"decisions by the (Treasury) 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."
Andrew Ross Sorkin at the New York Times calls it the "mother of all power grabs."
Senator Christopher Dodd (D), chairman of the Senate Banking Committee, says the plan is "unacceptable." His Republican colleague on the committee agrees. Senator Richard Shelby said today, " We have got to look at some alternatives."
What do you think?