Unconstitutionality of $700 Billion Bailout to Banks + Billions to Fannie, Freddie & Friends

[wordpix]

In Sept. 2008 the Hightower Lowdown wrote on the Fannie and Freddie bailout: "First, the new law empowers the secretary to dole out unlimited billions in federal dollars directly to Fannie and Freddie. Second, the secretary is given authority to use the credit of the US to raise money to loan to these two mortgage giants---yet the Constitution says that only Congress can borrow on our national credit. The Constitution explicitly says that only Congress can appropriate public monies...."

Apparently, Congress caved to the WH against the Constitution, not just regardign the Fannie and Freddie bailout but all the bailouts, including the $700 billion to banks. Any Constitutional scholars and attorneys out there who might shed some light on how we might get control of ---or get back---the hundreds of billions already handed over to the banks, AIG, Fannie, Freddie, etc.?

It is infuriating that our Dem "leaders" caved to the bushies once again to break the bank and put US in trillions of dollars in debt for generations to come.

[Lint Head]

1. There are 300 million people in the US. If we gave ever person

1 million dollars would that not stimulate the economy? It would be a drop in the bucket of 700 billion dollars.
:dem:

[soothsayer]

2. 300 million people times a THOUSAND dollars = $300 billion, no?

Also...Fannie has yet to take DIME ONE from the gov.