I would like to personally think House Republicans for doing what I stupidly expected Dems to do
Oppose the largest bailout in the history of the country....
...with no regulation on the unprecedented power given to the federal reserve (and by extension the executive)
...with no oversight role established for Congress
...with no requirements of accountability for CEOs and Execs of failed institutions or institutions accessing bailout money
...with no requirement that Wall Street do anything whatsoever to carry any tiny piece of the burden for their own totally preventable blunders due to their excess and foolish, reckless actions.
And instead dare to suggest that perhaps WALL STREET ought to share responsibility and cost for getting itself out of its own mess.
1. Two things: the Dems are requiring all of the things you listed and the House Repubs plan is
basically more-of-the-same. They want the bailout to come from 'private sources', i.e. foreign investors buying up America and to DEREGULATE more of the financial industry and give even more tax breaks to those who participate.
8. What I heard this AM on Hartmann is that Boehner and the other Pubs
in HIS crowd want an "insurance policy" where all the banks would have to buy a policy BUT the Feds would be the insurer. In other words, it's the same damn plan by a different name and the taxpayers would still be on the hook!
It was a kinder, gentler bailout with more "oversight"
:eyes:
I'm not suggesting the House Republicans would actually DELIVER anything better. Of course not. But it was just funny yesterday that THEY had the points or criticism (whether they meant them or not) while the Dems looked like morons.
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