Geithner Grilled on Constitution
Rep. Michele Bachmann (R-MN) grilled Treasury Secretary Geithner, and Ben Bernanke of the Federal Reserve, about the possible criminality of the government's recent actions. From here:
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Bachmann: What provision in the Constitution could you point to to give authority for the actions that have been taken by the Treasury since March of 08? Geithner: Oh well, the Congress legislated in the Emergency Economic Stabilization Act a range of very important new authorities. Bachmann: (Interrupting) What in the Constitution could you point to to give authority to the Treasury's extraordinary actions that have been taken? Geithner: (Frowning) Every action that the Treasury and the Fed and the FDIC has been using authority granted by this body, the congress. Bachmann: In the Constitution what could you point to? Geithner: Under the laws of the land, of course. |
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