People should be going to jail. If this was Enron, “BIG” Tobacco, “BIG” Oil or Haliburton, they would be.
Another point of view ping
No, D.C. has an obligation to act responsibly to protect the public. If not, than the people who have been put in power there must be replaced.
Newt’s got this one right for sure!
“There is a longer term crisis of Sarbanes-Oxley...”
Yeah, let them cheat more, “deregulate”, laws for us, no laws for them.
Newt cannot stay on the credit message.
they’ve taken billions from us to support illegal immigrants. why should
they care now?
I have less confidence in Congress’s oversight abilities than in GW or Paulson’s ability to fix stuff
Newt is right. We are owed an explaination. I’m totally against this bailout. It is bad enough that the government wastes money hand over fist but this is even worse than previous bailouts. Going shopping for bad loans, artificially propping up housing? People wouldn’t need such ungodly loans if housing prices would fall to something more reasonable. This is not about helping the people especially not poor or middle class people, it is about helping the government maintain its power over people in collusion with the super rich who have gotten us into this mess playing fast and lose short selling, speculating, and granting bad loans.
Where is the accountability needed to restore a government for and by the people? The corrupt of the Congress are destroying the American economy at will, all for their own personal empowerment.....where is the exposure of the radical left and their criminal accomplices who fostered the collapse? Where are people going to prison for gross abuse of power and crimes upon the American people??
Hello?? Checks and balances, please?? Are you there??
Newt’s “4-point plan” makes a lot of sense.
But he seems to forget that the “Congress” that he is pushing to micro-manage the bailout is controlled by the same Rat politicians that got us into this mess.
Mark Levin said that nothing can be done to fix the situation until we know what exactly went wrong and who is responsible. He said that we need open bi partisan hearings, not finger pointing partisan cover-ups. (Those are my words, not his)
“The Secretarys authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time”
The cost will not be 700 billion. That is what he can carry on his balance sheet. I believe there is a difference, so do a lot of other people. The phrase wash, rinse, repeat comes to mind.
If anyone would like to understand who is to blame for this mess and the cost it will be to us, go to the link. Watch the video, read the ticker and start calling your politicians ASAP.
http://market-ticker.denninger.net/
Finally some REAL straight talk.
Good ol’ Newt. How I love him!
Crank up the printing presses and spend, spend, spend!!!
*gulp!*
We're s-c-r-*-w-e-d ...
“Congress has an obligation to protect the taxpayer.
Congress has an obligation to limit the executive branch to the rule of law.
Congress has an obligation to perform oversight. “
lol Newt sounds like Ron Paul! One of the FEW in DC who’s actually making sense right now.
The Clinton White House thugs running Fanny and Freddie giving Ninja
( no job no income no assets ) loans to illegal aliens
in an effort to bankrupt this country.This with the full assistance of Barney Fwank and Chris Dodd.
Run the Democrats out of Congress with pitchforks.
A: ALL OF THEM, IF WE ACT QUICKLY!
I have left phone messages for my two Senators and Congressman, and now am preparing faxes to send today in opposition to the ONE TRILLION DOLLAR BAILOUT!