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March 30, 2009

AIG bonus onus

Let’s stop the blame game, get off of our duffs, and do something about the debacle that is being perpetrated by our “friends” in Washington. All of the elements (bonuses included) of the AIG bailout were known by the Federal Reserve Bank when it approved the same. What we all agree upon is the need for more transparency. What may help is a letter to your representatives and senators to pass legislation that will provide for at least an independent audit of this secret bank.

Currently, the House of Representatives has a proposed bill, H.R. 1207, that will address this issue, but it is doubtful it will ever get out of committee unless you write your congressman asking for its support. And while you’re at it, write a note to your senators urging them too get off their duffs and propose a similar bill in the Senate.

Maybe, just maybe, we’ll start to open the closed-and-locked door of the Federal Reserve Bank and find out how they are spending our money.

he onus is on-us!

 C.K. Baber
 Village of Loch Lloyd

Comments

whispering_to_kc

"... there has been a 20 point dropping the Consumer Confidence Index since the election, reaching a lower point than any time during the past administration."

But ...

http://www.washingtonpost.com/wp-srv/politics/polls/postpoll_033109.html

Obama has a 66% approval rating ... 60% approval on the economy.

42% say we’re now on the right track ... compared to 15% in December.

Here's the Conference Board CCI back to 1997 ...

http://en.wikipedia.org/wiki/File:ConsumerConfidenceIndexUSA.png

... you'll notice it peaked in the summer of 2000 and it's been in decline throughout the Bush years. It began it's most recent steep slide in June of 2007.

whispering_to_kc

Crooks?

McCain was going to make noodlehead Phil Gramm (one of the creators of this mess) his Treasury pick.

Enough said.

$5 fuel. Restricted credit. Crashing stock markets. Mass layoffs. Recession/Depression. Two unfinished wars. Our current problems began 1-1/2 years and more ago and they're still owned by BushCo. These are still "your" messes Obama is dealing with.

Unless you only get your "news" from el Rushbo, Obama won't receive title to our messes for another few months.

Afghanistan (or Pakistan) is where Osama is. We should have thrown everything into that effort in September 2001. Obama is only finishing more of Bush's unfinished business, business that should have been wrapped up long ago. OBL's head should have been mounted on a pike at the entrance to Washington by the Spring of 2002.

Engineer

whispering
This contriversy reminds me of an e-mail I recieved:
I have to admit it. My liberal friends were right.
They told me if I voted for McCain: the nation's hope would deteriorate; and sure enough there has been a 20 point dropping the Consumer Confidence Index since the election, reaching a lower point than any time during the past administration.

They told me if I voted for McCain: the U.S. would become more deeply embroiled in the Middle East; and sure enough tens of thousands of additional troops are scheduled to be deployed into Afghanistan .

They told me if I voted for McCain: that the economy would get worse; and sure enough unemploymentis approaching 8.8% and the new stimulus packages implemented recently have sent the stock market lower than at any time since 1998 - even lower than after 9-11!

They told me if I voted for McCain: we would see more "crooks" in high ranking positions in Federal government; and sure enough, several recent cabinet and Senate appointments revealed resumes full of bribery and tax fraud.

Well I ignored my liberal friends in November and voted for McCain.
And I'll be dad-blamed, if they weren't right... all of their predictions have come true!
How did they know?






whispering_to_kc

Baber is incorrect.

There is no amount of taxpayer money we can give to our hard working, best & brightest Wall Street (AIG) geniuses that's too much money. No bailout or bonus amount is too much for us to write them a check for.

The Fed is only working on our behalf and the less we know of what corporate pit they're shoveling our money into, the better. The banker is your friend and financial engineering is the shortest path to prosperity for all of us.

GM and Chrysler have to be liquidated. Not one more public dime should go into their bloated, midwestern corporate carcasses. Fire their stupid managers and put the lazy UAW people on the unemployment line where they should have been long ago. Cars can be built better and cheaper in Alabama or Commie China where working people don't get as uppity as they do in Detroit.

Thank you.

solomon

Don't you love it when well off letter writers criticize the well off.

Stifled Freedom

Govt is just too darn big. Period.

 
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