The financial system bailout (Part 2)
Okay, so off into the unknown we do. Congress in its "wisdom" has created a probable boondoggle that may save our financial system or may further destroy it.
My position is that "big government" created this problem, so a big government solution is probably needed. I have doubts that this is the right solution.
Why?
Because the ones who caused this problem are the ones who are proposing its solution. Fox and hen house.
By the way, are you as angry as I am that the people who caused the current crisis are the very ones who have come up with a deal to "save" the financial industries? Barney Frank and Chris Dodd and every one of the Dems who claimed in 2005 that everything was fine with Freddie and Fannie should be investigated and, dammit, put into jail.
Hell, remember Enron? And how the same players were calling for the head of Ken Lay? Well, Enron looks like a nothing financial scandal by comparison and Ken Lay went to jail. Ken Lay was a piker when it came to economic destruction, but that didn't save him. But I'm sure nothing will happen to Frank and Dodd....they're Dems after all.
2 Comments:
So where is Rep. Henry (Mr. Investigator) Waxman (D-CA) nowadays? Oh that's right. He only investigates republicans.
Thanks for dropping by, Ross.
And you're right. Waxman does not investigate Dems. Well, maybe he would, it there was any real need. Besides, he has lunch often with Barney Frank et al, so he knows they don't need investigating.
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