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    Wall Street Rescue Plan


    by lawcrossing

    19 views This morning the Bush administration asked Congress to grant the Treasury Secretary freedom to buy as much as $700 billion dollars in mortgage related assets in order to save Wall Street from its current financial crisis. This freedom to purchase also comes with almost super-hero like authority and demand. The drafted plan includes stabilizing the financial market, banking system, and protecting the taxpayer. This power granted is almost beyond challenge and by law will not be reviewed by any court of law or any administrative agency, but the Secretary Treasury would report to Congress on how he is properly using the authority. If this is allowed the government debt will be raised to 11.3 trillion dollars from 10.6 trillion. It will also save an immeasurable amount of companies, jobs, and families nationwide.