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Saturday, 10/11/2008 2:12:58 PM

Saturday, October 11, 2008 2:12:58 PM

Post# of 729541
thought this was interesting, about Paulson....Conflict of interest claims
Some have suggested Paulson's plan may potentially have some conflicts of interest, since Paulson is the former CEO of Goldman Sachs, a firm that may benefit from the plan.[27] Paulson has no direct financial interest in Goldman, however, since he sold his entire stake in the firm prior to becoming Treasury Secretary, pursuant to ethics law.[28] The proposed bill would give the United States Treasury Secretary unprecedented powers over the economic and financial life of the U.S.. Section 8 of Paulson’s plan states: “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.”[29]

http://en.wikipedia.org/wiki/Henry_Paulson
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