US lawmakers to insist on rescue fund accountability (Feinstein, Snowe, Pelosi)

12/26/08

[Libloather]

Link only - US lawmakers to insist on rescue fund accountability

[Libloather]

The legislation would also prohibit them from spending taxpayer dollars on lobbying or political contributions.

Will that be retroactive?

[WellyP]

If Snowe is backing this, there is something in it for her! Everybody, watch your backs!

[Robert A Cook PE]

So the democrats - seeing a political opportunity in the chaos that that THEY created - that THEY psyched (somehow!) unto Bush's administration - can now claim to be for accountability and for more regulation (control!) of the basic American industries.

[Psycho_Bunny]

Hm. Isn't this all something the Dem leadership should have seen to, BEFORE they authorized the funds?

They really are simpletons...and in WAY over their heads.

[LostInBayport]

US lawmakers to insist on rescue fund accountability

Correction: US lawmakers to insist on barn doors being closed now that horses have escaped

[org.whodat]

of the basic American industries.

And what do they produce, these basic industries????..

[Brilliant]

If the money is wasted, then we should fire the Congress folk who voted for it. How is that for accountability?

[mulligan]

What a joke this is. The people that caused the problem now want those who followed their idiotic mandates to be subject to their incompetent review. What a joke.

[drypowder]

Headline translation; What's in it for us? And the GREED GOES ON. Just like Up Chuck Shummer on the initial Dubai taking over the US ports deal, he was against it because there was nothing for him and his ilk in the deal.

[Da Coyote]

And who’s gonna do the math? Pelosi couldn’t pass a middle school arithmetic exam.

[Joann37]

Even a broken clock is right twice a day.

This certainly isn’t a bad idea. While the Republicans are beating the $17 billion bailout to the automakers to death, they seem to care very little about the banking bailout, which is AT LEAST 50 times as large.

Why is that?

True, I basically disagree with these women on virtually every other topic, and they may have ulterior motives, but accountability of the banking bailout NEEDS TO OCCUR!

So let’s see what they come up with.

[ripley]

“u.s. lawmakers to insist on rescue fund accountability.”

yeah, right.

[ripley]

“they really are simpletons...and in way over their heads.”

respectfully disagree.

they know exactly what they’re doing and they have the finest of revolutionaries whispering in their ears.

IMHO

[Moonman62]

I finally agree with them.

[HawaiianGecko]

The problem with instituting accounting practices for this money is that it will give the citizen a false sense of security.  It will be easy for a bank to say and legitimately show that it spent bail out money on all the right things.  What will not show is that they spent other money on huge bonus programs for example.  Money they couldn't afford to spend without the bail out. Money is fungible.

[IbJensen]

Snowe belongs with Feinswine and Pelousi.

[djf]

Ain’t gonna happen.

They already gave the farm to Paulson and basically said he can do whatever he wants and doesn’t have to splain nuthin!

[HawaiianGecko]

"While the Republicans are beating the $17 billion bailout to the automakers to death, they seem to care very little about the banking bailout, which is AT LEAST 50 times as large. Why is that?"

Banks are losing citizen's money. GM & Ford are not.

[doosee]

If they come up with another SarBox type law, Obama’s 3 million new jobs can all be auditors.

[AndyJackson]

And you think it is just ok that Bush and Paulson march off with this loot without accounting for it? Sure I am skeptical of democrats, but I am amazed that so called conservatives are not appalled at the stones of the pubbies who are running this scam.