Impeachment from another angle?

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Impeachment from another angle?
Submitted by davidswanson on Mon, 2008-03-24 19:08. Impeachment
By soros, dailykos

Stock market analyst Karl Denninger writes in his blog,

Articles of Impeachment? Bear Stearns Buyout Illegal?

- "On or about March 16th, 2008, George W. Bush, both
- personally and through his Treasury Secretary Henry
- Paulson, caused to be provided to JP Morgan/Chase a
- bribe(1) ultimately flowing from the United States
- Treasury in an amount not to exceed $30 billion
- dollars US, via The Federal Reserve, in order to
- induce JP Morgan/Chase to assume the liabilities
- and assets of Bear Stearns and Company at a
- price not determined in the free market or via
- public bidding, in violation of the limitations
- expressly set forth in The Federal Reserve Act of
- 1913, 12 USC Ch 6."

(1) Bribery is defined by Black's Law Dictionary as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in discharge of a public or legal duty.

I have spent a solid week both reading The Federal Reserve Act of 1913 and thinking about the circumstances of this transaction trying to find a means under which "backstopping" Bear Stearns debt via The Federal Reserve is legally permissible.

more at:
http://www.afterdowningstreet.org/node/32095