Posted on 10/10/2008 5:39:32 PM PDT by Kiss Me Hardy
State whistleblowers tried to curtail greedy lendingand were thwarted by the Bush Administration and the financial industry....
(Excerpt) Read more at businessweek.com ...
Agreed. The more I see our current GOPers, the more I miss the Gipper.
But the lack of any push --- or indeed a tiny hint --- of accountability and restitution as part of the ultimate solution tends to make me believe that it will stay there.
Unless and until that becomes part of the solution, it is bound to fail.
Too many are scheming right now, as we speak as to how to get on the "bail-out" gravy train...
And Roy Cooper, the AG of North Carolina, is the same AG who refused to prosecute Crystal Mangum, the prostitute to accused the Duke lacrosse players of rape. She also accused three other men of rape a few years earlier.
Roy Cooper claimed she wouldn’t be prosecuted because she had mental problems. (Tell that to Hinkley who sits in prison for shooting a sitting president.)
I wouldn’t believe a word he says. Actually at this point I wouldn’t believe one word any politician says.
At thispoint, I can't argue with you.
In a debacle like this there should be a mechanism to replace the whole rotten bunch of them; Executive, Legislative and Judicial.
Alternatively, we could have a culture like the Japanese, where "Honor" deals with the problem...
“The rest is history.”
History includes choices, such as Paulson and Cox who should have been fired instead of showered with lavish praise as Bush did this morning.
~Bush congratulated Congress and said the bill will “stabilize our financial markets and maintain a leading role in the global economy.”~
Excuse me while I remain in ignorant bliss. As I said, the buck stops with Bush and he failed, miserably.
“History includes choices, such as Paulson and Cox who should have been fired instead of showered with lavish praise as Bush did this morning.”
and in your version of history, when, at what point in time, and under what laws was either Paulson or Cox responsible, allowed, to reign in Freddie and Fannie???? please document the legal source of your statement
Check out Investor’s Business Daily for a great article about the TRUTH.
http://www.ibdeditorials.com/IBDArticles.aspx?id=308530236252361
Thanks to another freeper for this link.
If the U.S. government takes an ownership position in banks could legislation be passed to mandate the government sell its ownership position upon recovery of bank solvency and bankings ability to repay the governments capitalization?
The government screws up everything and banking is too important to gamble with.
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