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The New DU. Reply #6: The administration had the clear opportunity to put restrictions and obligations on the payout ...
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Cronopio
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Mon Mar-16-09 03:22 AM
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| 6. The administration had the clear opportunity to put restrictions and obligations on the payout ... |
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... and failed to do so.
I have to wonder whether they understand how impotent and incompetent all of this ips post facto fuming and handwringing about the payouts make them all look. From Geithner to every member of Congress that fought any provision for accountability in the TARP legislation.
"We are a country of law ..."
No, we are a country that chooses to enforce its laws selectively. The FDIC has broken its own laws in keeping the Too-Big-To-Fail 4 pristinely private when it knows that they are insolvent.
"Mr Obama, who said paying bonuses was "shameful" ..."
To them, it's only shameful if they don't get away with it.
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