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The same people who got us into this mess, won't get us out of it...

Every day the news coming out of the financial sector seems to get worse.

Today, Bush asked for $700 Billion dollars to bail out the mortgage business. Last week it was an $85 Billion bailout of AIG.

Our tax dollars paid for government regulators to sit in these bank offices, watch their transactions, and assess their risk.

And they failed miserably.

Why is the administration that mismanaged the financial sector to the point of a $1 Trillion dollar problem, the same administration we are trusting to fix it?

September 20, 2008 | Permalink

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Comments

On the $700B bailout...

Section 8:
"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."

More non-reviewable power from this administration. You hit the nail on the head sir.

Posted by: Danny D | Sep 22, 2008 8:38:40 PM

“We can't solve problems by using the same kind of thinking we used when we created them.” - Albert Einstein
#
No problem can be solved from the same level of consciousness that created it. - - Albert Einstein

Posted by: Arcade999 | Dec 1, 2011 5:04:24 AM

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