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.
We are going to give the financial sector 700 billion dollars. With no oversight. No recourse if it is spent unwisely. No ability to review the decisions of the Bush appointees that are in charge of this klustefux.
Sec. 2. Purchases of Mortgage-Related Assets…
(b) Necessary Actions.–The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation:…
(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;
Could someone kindly enlighten me to whatever the fuck this means? Evidently, the secretary can enter into any kind of contract that he wants to without any fear of any sort of oversight, whatsoever.
Seriously folks. When do we take to the streets?
I guess we can start by signing a petition? (God, that feels impotent.)