Here is the problem.
935 false public statements regarding 911 and Iraq,
Next, Fanny and Freddy fail.
Then, Congress hears threats of Martial Law should the bailout not pass.
from 20:1 against to 3:1 or 4:1 after calls to Congress by nobel Lariets asking Congress not to hold hearings or hear testimony, all the while
knowing, (as Bill Isaac states his fears 1/2 of the TARP funds would bail out foreign investors.)
Then, after giving 1/2 the TARP funds to Paulson, the scheme no longer includes the intent of TARP, and no transparency is given,
13.4 Billion more to the Big 3 Auto Makers, and that's just the start.
So, I say the problem lies with Congress, and their inability to function in their capacity, as well as not representing the will of their
See the pattern?
They are lied to and we go to Iraq,
knowing this, they pass a bailout, intended to prioritize helping avoid home loan failures with transparency of all fund transfers and documentation
of where it is spent by those recieving the aid.
None of the intended TARP usage has been allocated for this, and there is nondisclosure of who got what and what the unknown aid recipients are doing
with the monies recieved.
Then, the Big 3 approach Congress, Prostrated, giving homage to those who are dupped over and over, ultimately obtaining monies with no real plan to
resolve their dilema.
Now, Paulson wants the rest of the TARP monies since $400 Billion is gone in only a few months.
Will he get it? My money says yes he will, using past Congressional actions as an example.
Next, The President-Elect wants to afford an additional 800 Billion to 1.2 or 1.4 Trillion as an infusion to begin creating new jobs that hopefully
reach beyond the current crisis.
again, back to lies.
regarding the bailout
The problem is that those smart enough to "figure it out" have been supressed and not brought before Congress.
I believe one of the best fixes I've heard thought out and through to snip the problem, period, is this 3 part plan.
Obviously, Congress didn't give this or any other plan than would solve the problem even a glance.
Now, we know that many were smart enough to figure it out and that this was not intended to be done since Fanny and Freddy were taken over.
Congress has failed, has turned their backs on constituants, and has severed their oaths as has the Executive office and IMO the Judicial branch since
the 2000 election results being manipulated at the Highest Court.
Figuring it out isn't the problem. Corruption and Congress is the problem.
What say ye?