In the massive financial bailout proposal, Treasury Secretary Henry Paulson may assume powers seemingly akin to an economic Man of Steel. But would they be constitutional? A provision in the administration's bailout legislation essentially granting the secretary carte blanche in order to protect the economy raises red flags, say legal scholars.
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Bailout proposal grants sweeping powers to Paulson, but are they legal?
The National Law Journal
September 29, 2008
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