Monday, September 29, 2008

Act Gives Frightening Powers to Paulson

http://www.speaker.gov/pdf/AYO08C04_xml515pm.pdf

I've read some stuff about (and some of the actual text of) the "Emergency Economic Stabilization Act of 2008" that the House is voting on today and it gives some frightening powers to the Secretary of the Treasury. I e-mailed Todd Akin and told him to vote NO.

If it passes, the House votes Wednesday.

I also learned today that the short-sell ban (which every opinion I read about it called it a bad idea) ends Thursday night. So expect another stock market drop on Friday.

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