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Originally Posted by Redux
The bill seems like is a good amendment to me to deal with the remaining TARP Funds under the Bush bailout that have yet to be allocated.
A second bailout may be a harder sell, but would certainly include more transparency and oversight than Bush signed into law.
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Is this the Bush bailout that "couldn't wait" till Obama took office? If so, thats a pretty shitty thing to be blaming on him. If not, then you are not saying anything at all. There are already provisions in the last bailout, or so said Dodd and Frank. Then again, I guess you are right. We better do something they cannot be taken on their word any more than any other politician.
Quote:
Originally Posted by Redux
So what do you suggest? Firing Geitner?
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How many times are you going to ask that same question which I've repeatedly answered?
I have NEVER suggested that. Why do YOU keep bringing up firing Geithner? IS that what you want?
Punishing the responsible parties would send a serious message of accountability to everyone immediately. It will prevent said parties from doing it again, being proactive and preventing a problem instead of dealing with it after the fact. Doesn't that sound like a logical solution? It would also further Obama's message of change and, to me, earn him a lot more respect. Taking action is what needs to be done here.
As far as this selective bill to return the contractually obligated money... water after the damn. The amount of money being discussed here is negligible, relatively speaking. Again, its 1/1000th of what we gave to AIG. Selectively taxing these people is borderline unconstitution and not the most viable solution to me.