Topic: Hidden in the E E S Act of 2008 | |
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For those that want more info on the bail-out or rescue bill, which ever name you'd like to call it, there's some good info at this link.
http://www.dailypaul.com/node/66109 Hidden in the Emergency Economic Stabilization Act of 2008 Posted October 2nd, 2008 by OFallonBrent In yesterday’s Senate bailout bill, also known as the ‘‘Emergency Economic Stabilization Act of 2008’’ is the following, seemingly innocent section. SEC. 128. ACCELERATION OF EFFECTIVE DATE. Section 203 of the Financial Services Regulatory Relief Act of 2006 (12 U.S.C. 461 note) is amended by striking ‘‘October 1, 2011’’ and inserting ‘‘October 1, 2008’’. So they moved the date of the Financial Services Regulatory Relief Act of 2006 up by 3 years. Big deal you say, and what the heck is the FSRRA of 2006? It was a series of amendments to 12 U.S.C. 461 of course! Well, okay, I don’t expect you to know what that is, so here it is (and the other related documents). |
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