Thomas Nogales Report
Hewitt Heiserman has recommended the free monthly e-letter from Thomas Nogales a couple times time. Today I finally checked it out and it sure is provactive reading.
The Paulsen plan was a cynical scam to extend the finance bubble and to pass it off onto the next president. They called it the Troubled Asset Recovery Plan or TARP. A tarp is used to cover things up and the name was probably an inside joke at the White House. They were certain congress would pass the bailout over the first weekend because fear tactics have served this administration well. The plan would bail out the worst domestic and foreign banks. The worst offenders would get off the hook and the language in the plan said that no court or congress could ever go after the Treasury or the bank executives for fraud. Here’s the cover up wording.
“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”
read the current e-letter
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