This bill, as Rep. Michele Bachmann of Minnesota describes it, sets up a 5-member Panel (with an ACORN-like entity on it) which prevents the accountability of the president having to go to Congress, to obtain money for bailouts or any decisions having to do with the financial sector. It makes him autonomous with the assistance of this board. This board will control the flow of cash/credit throughout the US economy.
The bill was dropped by Barney Frank, Monday (1300 pages) and passed today – Friday.
Friday, December 11, 2009
From Carmen Reynolds: