Henry Paulson Lied Yesterday. He bold faced lied. Paulson claims he didn’t ask for oversight on our 700 billion dollar bail out of Wall Street because it would have presumptuous of him. This is a crock. If this was the case he would have stated in his proposal that oversight would be negotiated with Congress, or would have suggested examples of oversight, or would have left no reference of oversight.
You can view his statement to the Senate here:
Paulson's claim is laugable. His indignation is a lie. He claims that he was actually looking for oversight, but this is not what Henry Paulson did. He instead put the infamous Section 8 into his proposal.
Section 8 reads:
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.
This is not a statement by someone who has not thought about oversight, or wanted Congress to come up with an oversight plan. This is what is put in by someone who wants complete control. This is a clause that is put in by someone who wants all decision-making power to be consolidated into the Executive Branch, unchallengeable by courts and ungovernable by Congress.