“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