Posted on 09/23/2008 4:56:31 PM PDT by Fred Nerks
WASHINGTON — The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration.
(Excerpt) Read more at foxnews.com ...
Good!
In all liklihood, NOTHING will be done to any of these people.
In fairness, the perp walk should start with the members of Congress who opened the door for this fraud and corruption, then failed to stop it before it reached this point.
Once we get the politicians who supported it behind bars, THEN we need to go after the CEOs and mis-managers who perpetrated the fraud, cooked the books, under-reported their losses, whatever.
Finally, (and this will get me fire-bombed for blasphemy), we need to go after the members of the Bush administration who have introduced and supported the $700 billion bailout for corrupt, multimillionaire CEOs.
Let’s be clear - what Bush has introduced with this bailout is nothing short of socialism that hands the average taxpayer a bill for $2300.00 each to bail out multimillionaire crooks on Wall St. Our country is supposed to be about capitalism and the consequences that come with it everytime someone screws the investors, board of directors and mismanages their company into bankruptcy. As a taxpayer, I object to my money being used to bail these people’s butts out of the fire. THEY made this mess, let THEM fix it!!
Tax dollars should NOT be allocated to rescue multimillionaire crooks for being crooks. I shouldn’t have to bear the burden of their malfeasance, nor should my children, grandchildren or great grandchildren.
And, NO, I’m not about class warfare or wealth envy. (well, actually, I AM about wealth envy, I want to get in on it, but NOT by buying up their bad deals and bad debts.) The US will no doubt face some tough times as the result of letting these corporations fail due to their own mismanagement. But, bailing them out AND allowing the CEOs to keep their severance bonuses (potentially worth millions) is wrong and rewards them for being crooks.
Certain politicians are running around claiming that the taxpayers will reap benefits by letting the bailout go through. What benefits?
Will my wife, family and I be able to afford a 2-week cruise around the Med?? Will there be a “go to Disney World for free” event, paid for by the benefits we reap from the bailout? Will my taxes be reduced (permanently) with the proceeds from the benefits I will see??
The answer to those rhetorical questions are “no”, “no”, and “are you freakin’ kidding me?”
Let’s face it, dressing a turkey in a ball gown doesn’t make it a prom queen. It’s still just a turkey in a really stupid looking dress!!
This crisis is 100% the result of congress’ insatiable desire to make the electorate dependent on government, and fed with the placement of Clinton administration “experts” in positions of greater importance than their abilities would dictate. I hope the FBI will nail all of the crooks, but based on recent experience, it is doubtful.
just curious because the cra stated that their loans would be taken into consideration when applying for a merger or takeover
and fraudulent appraisals, and fraudulent loan applications, fiduciary negligence, conspiracy...and probably many more.
I agree - she has a thing about ‘accountability’!
Dodd
Frank
Shumer
Raines
Gorelick
Howard
Johnson
Wm. Daley
Clinton
I have to admit, without any shame whatsoever, that the thought of Jamie Gorelick on trial for participating in an accounting fraud gives me such a degree of pleasure that if said trial should occur, I would throw a whole neighborhood party and then some!
Can you tell me where you got that. I need it to post somewhere else and need a citation. Thanks
I want all their white/black shiny asses in jail.....all of them.....
“Let’s be clear - what Bush has introduced with this bailout is nothing short of socialism that hands the average taxpayer a bill for $2300.00 each to bail out multimillionaire crooks on Wall St. Our country is supposed to be about capitalism and the consequences that come with it everytime someone screws the investors, board of directors and mismanages their company into bankruptcy. As a taxpayer, I object to my money being used to bail these people’s butts out of the fire. THEY made this mess, let THEM fix it!!”
We’re kidding ourselves if we really think that the bill per person (most of whom do not even pay federal taxes) will only be $2300 each. The S&L crisis started out with a $20B price tag and it ended up at $160B.
This is WAY WORSE than Enron—these folks were paid by US, literally, and have sold us out to the global financial world now laughing at the bailout...they should be prosecuted for treason.
I’ll go back through my saved articles and post it to you when I find it.
Thank you. I’m keeping a file too.
http://www.spectator.org/dsp_article.asp?art_id=13841
“...Both Raines and Johnson have served as CEO of Fannie Mae, with Raines taking over from Johnson. Both are key political and economic advisers to Obama.
“How can Obama go out with a straight face and saw it was Republicans who made this mess, when it is his key advisers who ran the agencies that made the big mess what it is?” says a Democrat House member who supported Sen. Hillary Rodham Clinton. “It’s his people who are responsible for what may well be the single largest government bailout in history. And every single one of them made millions off the collapse that are lining Obama’s campaign coffers. If the McCain campaign lets this one go, they deserve to lose.”
It isn’t just Fannie Mae where Obama has a problem. Another close political adviser, in fact the one man responsible for rallying support for Obama early on among Congressional Democrats, is Rep. Rahm Emanuel, who served on the Board of Directors for Freddie Mac after leaving the Clinton White House. According to Freddie Mac insiders, Emanuel during his time on the board opposed every reform proposed by the Bush Administration that would have impacted Freddie and Fannie Mae...”
Despite all the ties to major Democrats it will be any Republican, no matter remotely connected that will be scrutinized by the MSM and blamed for this mess!!
“Yeah, right. Bush’s (In)Justice Dept. couldn’t prosecute a fly”
W only appoints the AG. The DOJ is just like every other department, inhabited by lifetime gov employees
BUMP!
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