Bush gives Fed's nearly unlimited power and no oversight

Bush gives Fed's nearly unlimited power and no oversight

online.wsj.com

Draft legislation proposes sweeping powers for Treasury Secretary Henry Paulson to buy and sell mortgage-related securities however he sees fit. Aside from requiring periodic reports to Congress, the bill provides no oversight of the bailout's management -- and specifically bars any court or agency from reviewing it.

(visit the link for the full news article)

Yet more govt. with no oversight requirements.



online.wsj.com
(visit the link for the full news article)