(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.
So Paulson decides(minimizes) how much each firm can lose
(5) issuing such regulations and other guidance as may be necessary or appropriate to define terms or carry out the authorities of this Act.
We don't don't what were doing but trust me to make up the rules as we go along
Sec. 3. Considerations.
In exercising the authorities granted in this Act, the Secretary shall take into consideration means for--
(1) providing stability or preventing disruption to the financial markets or banking system; and
(2) protecting the taxpayer.
Eliminate moral hazard by agreeing to the bailout and protecting the taxpayer, by any losses incurred by the disposition of the bailed out losses be carried forward and deducted from the companies profits for x amount of yrs in the future
(b) Management of Mortgage-Related Assets.--The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks therefrom.
i'll make sure that we are profiting from the bailout until I leave my post
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 am above the law and anything I do or who i pay, you will never know, because there would be masssive shitstorm over it. Coupled with how bad some of these assets are no one would ever trust any of these banks with what they say.
Sec. 10. Increase in Statutory Limit on the Public Debt.
Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.
we don't have the money so gotta raise the credit limit after raising no to long ago
So Paulson decides(minimizes) how much each firm can lose
(5) issuing such regulations and other guidance as may be necessary or appropriate to define terms or carry out the authorities of this Act.
We don't don't what were doing but trust me to make up the rules as we go along
Sec. 3. Considerations.
In exercising the authorities granted in this Act, the Secretary shall take into consideration means for--
(1) providing stability or preventing disruption to the financial markets or banking system; and
(2) protecting the taxpayer.
Eliminate moral hazard by agreeing to the bailout and protecting the taxpayer, by any losses incurred by the disposition of the bailed out losses be carried forward and deducted from the companies profits for x amount of yrs in the future
(b) Management of Mortgage-Related Assets.--The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks therefrom.
i'll make sure that we are profiting from the bailout until I leave my post
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 am above the law and anything I do or who i pay, you will never know, because there would be masssive shitstorm over it. Coupled with how bad some of these assets are no one would ever trust any of these banks with what they say.
Sec. 10. Increase in Statutory Limit on the Public Debt.
Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.
we don't have the money so gotta raise the credit limit after raising no to long ago
