President Obama and the following Senators:
Akaka (D-HI) Alexander (R-TN) Baucus (D-MT) Begich (D-AK) Biden (D-DE) Bingaman (D-NM) Boxer (D-CA) Burris (D-IL) Byrd (D-WV) Cardin (D-MD) Carper (D-DE) Casey (D-PA) Clinton (D-NY) Conrad (D-ND) Dodd (D-CT) Durbin (D-IL) Feinstein (D-CA) Gregg (R-NH) | Hagan (D-NC) Harkin (D-IA) Inouye (D-HI) Johnson (D-SD) Kerry (D-MA) Klobuchar (D-MN) Kohl (D-WI) Kyl (R-AZ) Landrieu (D-LA) Lautenberg (D-NJ) Leahy (D-VT) Levin (D-MI) Lieberman (ID-CT) Lugar (R-IN) McCaskill (D-MO) Menendez (D-NJ) Merkley (D-OR) Mikulski (D-MD) | Murray (D-WA) Nelson (D-FL) Pryor (D-AR) Reed (D-RI) Reid (D-NV) Rockefeller (D-WV) Salazar (D-CO) Schumer (D-NY) Snowe (R-ME) Stabenow (D-MI) Udall (D-CO) Udall (D-NM) Voinovich (R-OH) Warner (D-VA) Webb (D-VA) Whitehouse (D-RI) |
No complaints about oversight, because you didn't add any meaningful oversight provisions to the bill.
No complaints that the banks aren't lending money, because you didn't mandate that in the bill.
No complaints that the banks are still paying executive bonuses, because you chose not to make those provisions enforceable.
No complaints that you didn't see this coming, because you had 3 months to hold hearings and see first hand why the first 350 Billion dollar TARP bill was an extremely flawed bill.
Yeah, the money is going to Obama, but it doesn't fucking matter. The people that Obama tasked with handling this money are Tim Geithner and Larry Summers. That's Tim Geithner who totally fucked up the response to the current economic crisis, and Larry Summers, who has yet to acknowledge that it's his brilliant ideas got us into this mess.
The New York Times editorial page LAST MONTH:
As treasury secretary in 2000, Mr. Summers championed the law that deregulated derivatives, the financial instruments — a k a toxic assets — that have spread the financial losses from reckless lending around the globe. He refused to heed the critics who warned of dangers to come.You gave these people 350 billion dollars of our money with no strings attached.. . .At the New York Fed, Mr. Geithner has been one of the ringmasters of this year’s serial bailouts. His involvement includes the as-yet-unexplained flip-flop in September when a read-my-lips, no-new-bailouts policy allowed Lehman Brothers to go under — only to be followed less than two days later by the even costlier bailout of the American International Group and last weekend by the bailout of Citigroup. It is still unclear what Mr. Geithner and other policy makers knew or did not know — or what they thought they knew but didn’t — in arriving at those decisions, including who exactly is on the receiving end of the billions of dollars of taxpayer money now flooding the system.
You live with the consequences.
No grandstanding hearings and "nobody could have imagined" speeches, that's all I ask.
No comments:
Post a Comment