I never said he did anything illegal. Our system is set up in such a way that crony capitalism is not only legal but implicitly encouraged. That doesn't make it right.
Okay, well it seems we're a bit closer here than I thought. I don't think anything illegal took place either.
No, it doesn't make it right. And if that were what was taking place here, I would be more inclined to object. Is it your position that Cheney merely decided it was going to be Halliburton, and he appointed them? You realize that wasn't what happened right?
somewhat agree with the S&L problem also. I would have liked to have seen far more heads roll, if any in fact did. At the point of the collapse, what do you do to keep the average depositor from being ruined?
The very same problems that we faced with TARP. In the short run, the creditors whose finances were ruined by the banks should have been bailed out. The problem is that the S&L rescue, just like TARP, didn't come to the rescue of the victims so much as the unscrupulous perpetrators who moved people's savings into risky ventures.
I agree with that. In fact my major problem with TARP was that we made a massive fund available, and then spent the whole damned thing and more when we probably should have spent 33% to 50% of the initial fund and that was it.
Bush went so far as to spend it all, then gave Obama a new fund to spread around to his cronies. How big an idiot would you have to be to do that? Seriously!
The bottom line is that heads didn't roll because they those heads belonged to people like Neil Bush.
It seems some of these folks needed to go to jail. I am willing to listen on a case by case basis, but as you said, these were risky ventures or flat out mis-appropriation of funds situations IMO.When you're dealing with other people's money, their retirement savings, or just regular savings, you need to be judicious in your actions. To do otherwise is to act criminally, to my way of thinking.
I think the Bush boys received their appointments in life based on their dad's position, not on their own earned merits. Didn't always turn out so well did it.