Saturday, March 21, 2009
What a Mess!
Hat Tip: Doug
The attorneys general of Arizona, Delaware, Illinois, Kentucky, Louisiana, Maine, Michigan, Mississippi, Montana, Nebraska, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Texas, Washington and West Virginia have also launched investigations and are demanding names addresses on documents concerning the bonuses of AIG contract employees. The Treasury Secretary Geithner, based upon this video, advised Congress of the AIG program which included retention bonuses.
Hat Tip on Video update: Joe Buzz
To get us out of this mess, we were told it was necessary to flood liquidity into the banking system. It was decided that joint cooperation between the government and banking system was necessary to avoid a complete breakdown of the world financial system.
Under the leadership of Obama, and the Democrats in the House, we have devolved into this quagmire. Half the Republicans joined the Democrats and voted for a bill that amounts to a bill of attainder. Public exposure of their names and addresses will expose them to physical danger.
Continued cooperation will be expected of bankers and financial specialists, who will face threats, derision and confiscation of property from the same government that needs their help. So we are told. What a mess!