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03.01.2009 0

No Constitutional Authority

  • On: 03/25/2009 10:06:28
  • In: Economy
  • ALG Editor’s Note: As ALG News has previously reported, the Treasury, Federal Reserve, FDIC, and other agencies have no constitutional authority to hand out the trillions of dollars of bailouts that are bankrupting the nation. And finally, it appears Congress is ready to hold the heads of these entities accountable for their violations of the supreme law of the land. When Congresswoman Michele Bachmann asked Treasury head Timothy Geithner and Fed Chairman Ben Bernanke to cite what part of the Constitution gave them authority to give bailouts, they could not answer:

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