WHITEWASH HAMMER STYLE

Whitewash Hammer style, that's all it is. And HERE are some of the worst culprits. Who would have imagined the politicization of the Treasury Deparment?

An imposing character, Paulson is still nicknamed "the Hammer" following his success as a college American football player. He also retains his love of the outdoors, telling an interviewer with Fortune magazine that his wife Wendy allowed him to let racoons run loose in their house. They also kept flying squirrels, mice, turtles and a tarantula before promotion at Goldman Sachs forced a move from Illinois to a high-rise in Manhattan. - * Business * Freddie Mac and Fannie Mae Here comes the Hammer: banker behind bailout faces former allies * Jill Treanor * The Guardian,

h/t MMR (I think) for the Hammer gif.

Paulson, McCain propose ways to fix financial crisis mess WASHINGTON — Proposals to create a new entity to clean up the nation's financial crisis — much like the government did in the late 1980s to clean up the savings and loan mess — rocked the stock market and the presidential campaign trail Thursday. - By Tom Raum The Associated Press Friday, September 19, 2008 -

Mr. Potter goes back to the future!

 

Who will be our new George Bailey?

Sec. 7. Funding. For the purpose of the authorities granted in this Act, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities may be issued under chapter 31 of title 31, United States Code, are extended to include actions authorized by this Act, including the payment of administrative expenses. Any funds expended for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure.

Sec. 8. Review. 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.

(2) Secretary.--The term “Secretary” means the Secretary of the Treasury.

Pledging also to review the full document and eventual changes ordered by Congress, McCain touted his plan for a "Mortgage and Financial Institutions" trust following a raft of hefty government bailouts of tottering companies.

Such a trust "would proactively resolve troubled financial institutions, enforce discipline on management and shareholders, and minimize the burden on the taxpayer," the Arizona senator said in a statement.