The members of congress really screwed up, failing to include oversight and accountability in the $700 billion bailout. They can at least pass emergency legislation that controls what's left and that retroactively requires the beneficiaries to report what they've done with the money.
Okay. We know that both houses of congress screwed up and failed to include adequate oversight into the bailout.
So why can't they add it immediately and retroactively.
Goldman Sachs isn't saying what it's doing with the money it got?
AIG keeps throwin parties and how many companies are abusing the use of private jets?
Over a billion of the bailout money has been used for bonuses to execs who brought their companies to failure or who used bad books and statistics to claim the bonuses?
Another company sent is money to China?
A number of companies already "too big to allow to fail" used the money to acquire other companies?
This list is not complete but it is long enough.
Congress, get ye hence of your ready to stay home for Christmas asses and go back to Washingto to stop the fleecing.
Pass a law that forces the corporations to report where they are spending the bailout money and to account for every nickel they've already spent.
Pass a law that stops dead any mergers and acquisitions, including ones already under contract. Stop them dead.
Pass a law that totally prevents any execs in companies needing bailouts from taking ANY bonuses in any form.
Pass a law that prohibits expensive parties and drastically limits the use of private jets.
Pass a law that blocks Paulson from spending another nickel of the remaining bailout money.
Pass a law that prevents the Federal Reserve Bank for minting billions and giving them away without accountability. Oh? The Fed is not a part of the government? Include some regulations that put the Fed out of business if it fails to comply. Tax it, regulate it, make some of the things it does illegal. Or better yet. Get rid of it. Back before the Civil War, one of the strongest planks of the Democratic party was opposition to any national bank. Get back on that horse!!
Okay. We know that both houses of congress screwed up and failed to include adequate oversight into the bailout.
So why can't they add it immediately and retroactively.
Goldman Sachs isn't saying what it's doing with the money it got?
Over a billion of the bailout money has been used for bonuses to execs who brought their companies to failure or who used bad books and statistics to claim the bonuses?
Another company sent is money to China?
A number of companies already "too big to allow to fail" used the money to acquire other companies?
This list is not complete but it is long enough.
Congress, get ye hence of your ready to stay home for Christmas asses and go back to Washingto to stop the fleecing.
Pass a law that forces the corporations to report where they are spending the bailout money and to account for every nickel they've already spent.
Pass a law that stops dead any mergers and acquisitions, including ones already under contract. Stop them dead.
Pass a law that totally prevents any execs in companies needing bailouts from taking ANY bonuses in any form.
Pass a law that prohibits expensive parties and drastically limits the use of private jets.
Pass a law that blocks Paulson from spending another nickel of the remaining bailout money.
Pass a law that prevents the Federal Reserve Bank for minting billions and giving them away without accountability. Oh? The Fed is not a part of the government? Include some regulations that put the Fed out of business if it fails to comply. Tax it, regulate it, make some of the things it does illegal. Or better yet. Get rid of it. Back before the Civil War, one of the strongest planks of the Democratic party was opposition to any national bank. Get back on that horse!!
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