Joker, I think you’re absolutely right. Congressman Issa is doing the right thing by insisting on this disclosure – and it would have been a lot better if there had been full disclosure from the start.
It is one thing to have secrecy in matters of national security, it is another to claim secrecy in the name of bureaucratic security. The need for Americans to reclaim their republic has never been stronger. It must be done by working through the constitution before the inalienable rights guaranteed by that constitution are subverted by political ner’do wells.
All of this goes on and the top dogs on Wall Street just got record breaking payoffs. Is there any relationship between the government playing hide and seek with information and the top dog profits? How many firms went short on the derivitives (or similar financial instruments) and made a fortune by essentially tapping into taxpayer’s money? It was dumb to agree to guarantees on sub-prime mortgages but it wasn’t dumb for all those who were trading them was it? The transactions just made a lot of multi-millionaires (or better) while we tanked the economy and put millions out of work. Wealth is not really created nor destroyed. It is simply transferred from one to the other.
You are so right; makes me wonder why everyone is so afraid of “socialism”, when we have it already in the guise of big business….meaning, the transfer of wealth from the less well-to-do to the very well-to-do. After all, they have the political action committees and lobbies to push their agenda but what about us working stiffs, who don’t have a tax accountant to hide our assets from the IRS? Call it oligarchy but it really still is a nation that has favored the well-to-do since the oil and railroad baron days…we can find welfare for the well-to-do but nothing for the guy who works at the 7-11 who has 2 kids and no health insurance? Better to go on welfare and starve at the public trough than continue to feed the Horatio Algers of America!
“The Fed has said its secrecy was necessary to help rebuild confidence in the financial sector and stabilize the banking system.”
Does anyone for one minute feel more confident in the financial sector as a result of anything the fed has done? I feel the exact opposite.
Our government is one giant failure.
Joker, I think you’re absolutely right. Congressman Issa is doing the right thing by insisting on this disclosure – and it would have been a lot better if there had been full disclosure from the start.
Can we please just let them fail! AIG should go DOWN!
It is one thing to have secrecy in matters of national security, it is another to claim secrecy in the name of bureaucratic security. The need for Americans to reclaim their republic has never been stronger. It must be done by working through the constitution before the inalienable rights guaranteed by that constitution are subverted by political ner’do wells.
All of this goes on and the top dogs on Wall Street just got record breaking payoffs. Is there any relationship between the government playing hide and seek with information and the top dog profits? How many firms went short on the derivitives (or similar financial instruments) and made a fortune by essentially tapping into taxpayer’s money? It was dumb to agree to guarantees on sub-prime mortgages but it wasn’t dumb for all those who were trading them was it? The transactions just made a lot of multi-millionaires (or better) while we tanked the economy and put millions out of work. Wealth is not really created nor destroyed. It is simply transferred from one to the other.
Half truths are not the whole truth.
You are so right; makes me wonder why everyone is so afraid of “socialism”, when we have it already in the guise of big business….meaning, the transfer of wealth from the less well-to-do to the very well-to-do. After all, they have the political action committees and lobbies to push their agenda but what about us working stiffs, who don’t have a tax accountant to hide our assets from the IRS? Call it oligarchy but it really still is a nation that has favored the well-to-do since the oil and railroad baron days…we can find welfare for the well-to-do but nothing for the guy who works at the 7-11 who has 2 kids and no health insurance? Better to go on welfare and starve at the public trough than continue to feed the Horatio Algers of America!