Blog

No Constitutional Authority

ALG Editor's Note: As ALG News has previously reported, the Treasury, Federal Reserve, FDIC, and other agencies have no constitutional authority to hand out the trillions of dollars of bailouts that are bankrupting the nation. And finally, it appears Congress is ready to hold the heads of these entities accountable for their violations of the supreme law of the land. When Congresswoman Michele Bachmann asked Treasury head Timothy Geithner and Fed Chairman Ben Bernanke to cite what part of the Constitution gave them authority to give bailouts, they could not answer:

Comments

There have been no comments made on this article. Why not be the first and add your own comment using the form below.

Leave a comment

Please complete the form below to submit a comment on this article. A valid email address is required to submit a comment though it will not be displayed on the site.

HTML has been disabled but if you wish to add any hyperlinks or text formatting you can use any of the following codes: [B]bold text[/B], [I]italic text[/I], [U]underlined text[/U], [S]strike through text[/S], [URL]http://www.yourlink.com[/URL], [URL=http//www.yourlink.com]your text[/URL]

Contributors