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Re: $700 B Bailout
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Originally Posted by firstdown
What laws where broken. Just because someone did a poor job and gave out a bunch of bad loans does not make it illegal. Is your stock broker breaking laws when he invest your money in poor stocks an you loss money? No. Have laws been broken? At this point we don't know but I'm sure we as tax payers will pay for a big long investigation into al of this.
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Paying for an investigation into this is the one thing I approve of them spending my money on. If this was just a matter of a big "mistake," that's one thing, not that it removes accountability. BUT- if it turns out (and it will) that these firms were intentionally employing shady business practices that resulted in the collapse we've seen, I want those responsible held accountable. Jailed, assets confiscated, the whole 9 yards. Will it happen? Not in a million years. Maybe one or two examples will be made, but by and large I can't see any true measure of punishment coming down on "all" of those responsible.
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"All natural institutions of churches, whether Jewish, Christian, or Turkish, appear to me no other than human inventions, set up to terrify and enslave mankind, and monopolize power and profit."
Thomas Paine
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