another abrogation

Substitute Commander-in-Chief for Secretary (of the Treasury) and there's a frightening sense of deja-vu to the 1-trillion dollar* bail-out bill as submitted by the Bush administration.

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.

Paulson's Folly
American Spectator
Robert Kuttner
22 September 2008

Mr. Paulson and Mr. Bush: You ask us to allow you to take the US from democratic capitalism to nationally socialized business. Your proposal is a startling alteration to the basic structure of our economy.

Why no oversight?

And, as Fishbowl DC said:

Sorry New York: last week proved that Washington is the financial capital of the world.

* The oft-quoted figure of 700 billion dollars, officials admit, is only guess. Nobody knows.