by Linda Gehring

Created on: October 27, 2008   Last Updated: October 30, 2008

Yes and no. I believe it is much more complicated than that.

I have searched and searched the provisions of the Constitution, and nowhere does it give authority to Congress to appropriate taxpayer funds to banks or insurers in order to rescue them. They are to provide a process for bankruptcies, which are to be examined and processed throught the federal courts and as such matters of public records. Corporations in and of themselves are not at all parties to the Constitution at all rather the federal government, the states, and the citizens only. The Supreme Court during the time it was addressing the slavery issue and "property rights" also then created a phantom "corporate personhood," in a case involving a railroad company. Since that time, corporate lawyers and their big business corporate employers have been getting away with murder ever since, where in most states throughout the nation they have gained even unequal protection under the law and above the average "We the People" citizen. Corporate lobbying efforts have resulted in insurers using Congress and the state legislatures to sell their policies and reduce their risks and losses, banks to remove judicial and/or jury determinations in home foreclosures where there is any equity involved, and price fixing in the granting of freedom to assemble by the associations of these various industries for primarily lobbying and price control against independent entrepreneurs.

Contained within the provisions of the "new" reformed edition of the bailout bill is also something that sounds ominous:

"Decisions by the Secretary [of the Treasury] 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." The Legislation allows the Treasury Department to appoint the same bankers who created the crisis to administer and dictate the use of trillions of our tax dollars. "

This little ditty leaves the oversight of the disbursement and repayment to the Secretary of the Treasury and the Treasury Department WITHOUT ANY OVERSIGHT BY THE CONGRESSIONAL BANKING AND FINANCE COMMITTEES OR THE FEDERAL COURTS. I also have scanned the Constitution and have not seen any authority for Congress to transfer any power at all to a Department Head of the Executive Office. At the present time the foremost agency under the Treasury Department, the IRS, has become so problematic that Congress attempted to institute some accountability, however

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