This Man Has A Big Bag Of Your Money - And He Intends To Use It

The text of the $700 billion government bailout bill is relatively short, very clear, and absolutely jaw dropping. In essence, it gives Secretary of the Treasury the authority to buy whatever mortgage loans he wants from banks across the nation and, heck, maybe even get pretty creative. Proof:

Sec. 2(b) Necessary Actions.--The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act,

And what if he does something absolutely stupid or wants to bail out banks with whom he has past personal or business relationships? Get ready for the shocker:

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.

I've never seen anything like what our federal government is doing right now. They are giving our money away and telling us to our face that there is nothing we can do to challenge it. And it's a bi-partisan slap in the face with a Republican president and a Democratic congress.

Land of the free? Sheesh. We're slaves to a federal entity that abuses us and does not fear us. Not exactly the cornerstone of a great nation.

(Credit: Houston lawyer Mark Bennett.)