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“No money shall be drawn from the Treasury, but in consequence of appropriations made by law.”  US Constitution, Article I, Section 9, Clause 7.


Committee on Appropriations,

Dave Obey, chairman – 2008

US House of Representatives

(This little clause from the Constitution means that when Paulson took over AIG and made some other moves at bailouts including short-fall coverage of the money market funds – he was acting outside the jurisdiction and jurisprudence of his authority. The President and his team overstepped the bounds of checks and balances set up through the Constitution and other National / Federal laws. The Speaker of the House of Representatives took opportunity to further causes in an arena where her authority also did not go.

– Cricket Diane C Sparky Phillips, 10-03-08, USA