Avoiding the abyss: Success without glory (How to loot the Treasury coffers and get away with it)

AP on Yahoo ^ | 9/12/09 | Jim Kuhnhenn - ap

[NormsRevenge]

WASHINGTON – Halting the financial sector's death plunge is arguably the government's most measurable achievement this year. Yet as President Barack Obama observes the one-year anniversary of Lehman Brothers' collapse, his administration's increasingly sunny assessment of Wall Street's rebound faces a hard sell.

The rescue effort, initiated by his predecessor, was expensive, and it bailed out the very institutions that the public blames for the crisis. Small banks are still failing, the institutions once considered too big to fail are putting on weight once again, and Obama's main pledge — a more watchful eye on Wall Street — hasn't taken hold in Congress.

What's more, it's hard to cheer for Wall Street when unemployment is rising, foreclosures have not abated and bankers lobby for bigger paychecks.

...

"The emerging confidence and stability of September 2009 is a far cry from the crippling fear and panic of September 2008," Geithner told a congressional watchdog panel Thursday.

[NormsRevenge]

The No Blame No Shame DemocRatic Party

Looting the Treasury since FDR

Manufactured crisises are the way to go, eh Dems?

[Orange1998]

Still waiting for the release. It was due Aug 30.

Fed Must Release Reports on Emergency Bank Loans, Judge Says

[pnh102]

Halting the financial sector's death plunge is arguably the government's most measurable achievement this year.

LOL.

Seriously who writes this crap. There is no objective signs that the financial sector has moved back from the abyss.

[NormsRevenge]

.

U.S. Treasury Secretary Tim Geithner concludes his testimony as protest signs are raised behind him during a Congressional Oversight Panel hearing on TARP on Capitol Hill in Washington, September 10, 2009. REUTERS/Hyungwon Kang (UNITED STATES BUSINESS POLITICS IMAGES OF THE DAY)

[NormsRevenge]

There is no objective signs that the financial sector has moved back from the abyss.
reuters

[BlueDragon]

code pinko’s on the right side of a debate??? ah, but they’re still disruptive, helping to make the question itself (where exactly has all the money gone?) look like a kook fringe concern. dang. thought i’d actually found a redeeming quality there, for a moment...

[OldArmy52]

I’m still waiting for my bailout/stimulus check to bail me out for my errors in investing.

How come only the super rich bankers get bailed out for their bad investment decisions by the poor taxpayers?

Truly, a case of stealing from the poor (middle class) to give to the rich.

[UncleVanya]

TAKE ACTION NOW - NO MORE SITTING ON THE SIDELINES
The thing we have to do now, without any hesitation, is vote out this current Congress in 2010. Then take back our Nation in 2012. If we do not mobilize ourselves and others now to do this in ways far beyond where most of us have ever engaged in political matters, we will lose this country. And have ourselves to blame.
FRIENDS, WE CAN NO LONGER JUST 'PREACH TO THE CHOIR' -- WE MUST CARRY THIS MESSAGE TO ALL WE KNOW AND ACT NOW. THIS IS NOT A DRILL.