From: Text of Draft Proposal for Bailout Plan

QUOTE
FROM THE LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY
TO PURCHASE MORTGAGE-RELATED ASSETS, PUBLISHED SEPT. 20,2008

The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act including, without limitation:

> Entering into contracts...without regard to any other provision of law regarding public contracts.

> Designating financial institutions as financial agents of the Government.

> Sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.

> Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

END QUOTE.