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The purposes of this Act are—
(1) to immediately provide authority and facilities that the Secretary of the Treasury can use to
restore liquidity and stability to the financial system of the United States; and
(2) to ensure that such authority and such facilities are used in a manner that—
(A) protects home values, college funds, retirement accounts, and life savings;
(B) preserves homeownership and promotes jobs and economic growth;
(C) maximizes overall returns to the taxpayers of the United States; and
(D) provides public accountability for the exercise of such authority.
My thoughts: More government meddling and interfence that will delay the needed market corrections, enrich the well connected firms (Henry Paulson, former CEO of Goldman Sachs), waste hundreds of billions of taxpayer dollars, and create even more moral hazard. If the Congressmen are so sure that this socialistic bailout will "make money for the taxpayers" how about a pledge of resignation if it does not.
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