[jd777]

The reason the Secretary of the Treasury wants authority to purchase securities without the review of any agency or court of law is because many of these securities are practically worthless. Financial institutions have either acquired or originated various structured finance products for which there is no underlying collateral.

[koraz]

“The reason the Secretary of the Treasury wants authority to purchase securities without the review of any agency or court of law is because many of these securities are practically worthless. Financial institutions have either acquired or originated various structured finance products for which there is no underlying collateral.”
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Wow!! I sure would like to see a reference link that shows the FACTS to support your position.

[AmericaUnited]

The reason the Secretary of the Treasury wants authority to purchase securities without the review of any agency or court of law is because many of these securities are practically worthless.

The same Freepers who have seen the border fence, offshore drilling, nuke plants, refineries, etc., get tied up for years and years by lawsuits and lawyers, all of a sudden GET STUPID as to what would happen if that was allowed in this scenario....

[Mojave]

The reason the Secretary of the Treasury wants authority to purchase securities without the review of any agency or court of law is because many of these securities are practically worthless.

You don't want oversight when you throw away hundreds of trillions of dollars on bad investments.