Monday, September 22, 2008

Hank: Go Cheney Yourself!!

Here's a bit of the proposed "financial rescue" package that Hank Paulson is proposing:

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Got that? He wants the $700 billion to prop up the very mess he created. I made a sign for my car that says: Mr. Paulson: Go Cheney Yourself!! I figure that will get the message out without teaching the children any bad habits.

And here is a video that really lays it all out, from The Market Ticker.

1 comment:

WebSmith said...

This is a result of the government getting out of the citizen protection business and into the regulation business. It has been going on through Democratic and Republican administrations for over a hundred years. If the government had of been in the right business, it would have stepped in after the 1907 panic and fined and imprisoned Morgan and Rockefeller for spreading the rumors about Heinz that started it. The depression never would have happened.

We now have a wolf from Wall Street guarding the hen house at the treasury. The bankers that allowed these bad loans to take place absolutely knew that they were going to fail. They pressured the regulators in Congress for legislation that would allow them to do it.

The problem is that this is being looked at from the point of view of the banks when it is supposed to be looked at from the point of view of the Constitution and the citizens. When you do this, the banks are forced to give up interest points and convert their bad loans into good loans that will be collected on. We are not asked to spend our great grand kids' money on something that is worthless.