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Okay, Nancy . . . explain to us how this isn't gonna cost the taxpayers. When inflation skyrockets, please come back for another press statement and explain that to us - how this bail out did not cost the taxpayers.
Oh, okay, y'all are gonna just print up a bunch of greenbacks . . . and that is not gonna affect taxpayers.
The bottom line is - companies cannot pay the Treasury back in five years if that company is no longer in existence . . . but golly gee, thank you Ms. Pelosi for letting us know this won't cost taxpayers.
Yes, something had to be done . . . but please . . . don't pander to us.
What people are not thinking about . . . Dodd gets his campaign contributions from hedge fund managers located in his state. Just follow the money and the American public can see who has backed this bill and why . . . and especially - who has PUSHED THIS THROUGH.
I just read the main text from the Bill . . . and there is NO OVERSIGHT over Sec. Paulson. Dear lord.
Last edited by brokensky; 09-28-2008 at 04:42 PM..
What people are not thinking about . . . Dodd gets his campaign contributions from hedge fund managers located in his state. Just follow the money and the American public can see who has backed this bill and why . . . and especially - who has PUSHED THIS THROUGH.
I just read the main text from the Bill . . . and there is NO OVERSIGHT over Sec. Paulsen. Dear lord.
I thought there was going to be an independent inspector created by Congress?
It makes me angry that the same people who pushed us out of the boat now want us to applaud them for pulling us back in....wet, cold and waterlogged but we are supposed to be happy to see their smiling faces in front of the cameras?? Sorry Nancy...no smiles from me!!
I was reading off the WSJ site and I have misspoken, as I now realize what I was seeing was the last text given to the public BEFORE this weekend. So hopefully, Paulson does not have total oversight.
Last edited by brokensky; 09-28-2008 at 04:42 PM..
Reason: misspell
The Comptroller of the Currency has continuous oversight. A Special Inspector General's Office is created. There is judicial review of the Secretary's actions.
Rep. McCotter is full of hot air. There is not a single salient point in that rant.
The government does indeed stand to make a profit on many of these assets. It also stands to take a loss on many of these assets. One thing is certain...at the end of it all, the $700 billion will not cost anything near $700 billion.
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