Emergency Economic Stabilization Act of 2008
Title I - Troubled Assets Relief Program
Sec. 118. Funding.
For the purpose of the authorities granted in this Act, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities may be issued under chapter 31 of title 31, United States Code, are extended to include actions authorized by this Act, including the payment of administrative expenses. Any funds expended or obligated by the Secretary for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure or obligation.
General Comments on Emergency Economic Stabilization Act of 2008
payment of administrative expenses? meaning a new jet? another yaught? i'm not paying taxes next year because of this malarchy unless it somehow doesn't go through but what chance is that seeing how govt is now run by lobbyists at my expense. these people got themselves into the mess, they wanted less rules governing how they did things. the common person doesn't get hand outs when they get behind on bills. govt made sure they couldn't declare bankruptcy so forget these goofs. Let them dig themselves out!