we're screwed

I found a nice analysis of the proposed plan to bail out the markets today, and it noted that section 8 should lead to a really wild ride:

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.
On the one hand, I understand what they are thinking here, but on the other hand, that's a mighty scary (and seemingly not legal) provision. The post also notes that the 700 billion is a rolling figure - as soon as the treasury unloads some of the crap it buys, it can take that money and buy more crap. Paul Krugman of the New York Times is also unimpressed.
David commented:
Since so many people seem to be googling how to write 700 billion in numerals, that would be:

billionmillionthousandhundreds, tens, and ones

Hope this helps!

on Sun Sep 28 12:10:30 2008

Nikki commented:
No child left behind....
on Sun Sep 28 15:10:23 2008

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