King Treasury

The genius of our system has been its checks and balances. The Founders, after all, were escaping monarchy. But the bailout bill being put together promotes the Secretary of the Treasury to a kind of King, immune from correction. From the proposed bill:

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.

Source

A blank check of power. To the Secretary of the Treasury. Are you kidding me?

Sometimes in the stress and urgency of crises, the most dangerous and terrible laws can be passed. This might be one of those times.