Paulson, Bernanke to Go Before Congress Today on Bailout
National News • September 23, 2008
U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress to act swiftly on a proposed financial system bailout and warned of dire consequences if ...
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Subject: Are you serious...more government?
Posted On: September 23, 2008, 3:05 pm CDT
Posted By: Baxtor
Comment:
"James Lockhart, took a dig at lawmakers by suggesting the government was forced to take over the mortgage finance companies earlier this month because of their delay in putting stronger supervisory powers in place for the companies."
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We don't need more government Mr. Lockhart. If laws were broken, then we have courts for that and those who broke them should be tried. If no laws were broken, then the CEO and Board of Directors need to figure out how to fix their company that they broke. Not the US taxpayer and we don't need a bigger government to monitor. We know the cost to monitor Corporate America and WE do NOT want to pay it. Put the criminals in prison for a very long time and that includes the CEO's and Board of Directors if they're guilty of fraud. That's what will fix our financial markets, guaranteed!! What they are doing with a bailout is gracing bad business decisions for generations to come.
Subject: Are you serious...more government?
-----------------------------------------
We don't need more government Mr. Lockhart. If laws were broken, then we have courts for that and those who broke them should be tried. If no laws were broken, then the CEO and Board of Directors need to figure out how to fix their company that they broke. Not the US taxpayer and we don't need a bigger government to monitor. We know the cost to monitor Corporate America and WE do NOT want to pay it. Put the criminals in prison for a very long time and that includes the CEO's and Board of Directors if they're guilty of fraud. That's what will fix our financial markets, guaranteed!! What they are doing with a bailout is gracing bad business decisions for generations to come.