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Law Practice

Sep. 24, 2008

Senators Want Court Review Of Bailout

Although Treasury Secretary Henry Paulson told the Senate Banking Committee Tuesday that the taxpayer-funded rescue of the nation’s financial sector should be subject to “strong oversight,” his version of oversight apparently does not include judicial review.

By Robert Iafolla
Daily Journal Staff Writer

WASHINGTON - Although Treasury Secretary Henry Paulson told the Senate Banking Committee Tuesday that the taxpayer-funded rescue of the nation's financial sector should be subject to "strong oversight," his version of oversight apparently does not include judicial review.

A part of the Bush administration's bailout plan drafted last weekend would essentially inoculate the treasury secretary against law...

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