Sunday, September 21, 2008

Time for revolution?

The proposed new financial 'Patriot Act' is shocking in its sweep. From London Banker's latest post I got this excerpt:
Sec. 8. Review.

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.

Implications: "There is no rule of law if this passes - there are no markets. We’ve all been had, and the worst is yet to come. (London Banker)"And it certainly looks like, from this little snippet, democracy will be a thing of the past. Contact your congress industry lapdogs and tell them to vote no on this 700 billion dollar bailout.

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