Economic Recovery Package

Will Your Bank Survive?

Bush Administration’s The Emergency Economic Stabilization Act of 2008 that Congress passed a month ago, has conferred vast authority with almost no restrictions on the Secretary of Treasury and a small select group implementers. From a 3-page proposal, it ballooned to a more than 400-page final form, after Congress injected safeguard provisions. But still, it is so sweeping and autocratic that even the courts can not question the acts of this group during its implementation period.