What kind of sense does this make?

Question

Congress votes to bail out an ailing company and one of our geniuses think it is time to put them out of business. Still the tax payer will be left holding the bag.

  

WASHINGTON (Reuters) – The Obama administration on Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts.

U.S. Treasury Secretary Timothy Geithner, testifying before lawmakers still fuming about big bonuses for executives at bailout recipient AIG, called on Congress for new powers to take over big non-bank financial firms that run amok.

Federal Reserve Chairman Ben Bernanke strongly backed Geithner in testimony before the same committee, and President Barack Obama took the case public during a televised news conference on Tuesday evening.

The next thing we know, they'll be wanting to stop Fannie Mae and Freddie Mac, the auto makers and Wall Street! If only they would put an end to the real problem, the Federal Reserve Bank and it's band of thieves. 
I often wonder what some of our leaders and their cohorts are smoking or if they ate too much lead paint when they were kids!

Anonymous · Accepted Answer

You could not be more correct, Time to dissolve the Federal Reserve.
They haven't played a contributing role since shortly after there 
conception. They pushed all this money to these failing banks
including AIG and now they want to shut it down. We are on the 
side of a 8 thousand foot cliff, with no safety net. Obama and his
band of thieves are slicing and dicing this nation like a turkey,

Time to take back America folks this is getting really serious,

Anonymous · Answer

There are already laws, guidelines and precedents set to govern and oversee, not economic growth but, companies growing and assimilating other companies to a size that jeopardizes the national economy and or national security.
This falls under the jurisdiction of the SEC and the Justice Department.

When the banks got into trouble over dirivitives and the Madoff scam became public, the chairman of the SEC resigned.

What was the SEC doing while all this was going on?

How is 0'Bama able to manuever independent of SEC guidelines?
The agency is supposed to work off legislation in concert with the Justice Dept and follow law, not Presidential Proclamation.

You would think that the Wall Street Journal would be shouting this from the roof tops.

What's up here?

BamBam · Answer

This has been all a scam from our government (you thought Iraqi War was a scam ? You ain't seen nothing yet) The white house knew about the bonuses for AIG then went all stupid when the public got angry. They then saw this as an opportunity to have the power over all businesses whether the Federal Reserve backed them or not. With this new proposal they will be able to walk in a shut any company down they please...so Beware that is the next step towards Socialism.

Where is all the outrage at JP Morgan they are buyin 2 new jets and building a new hangar for them?

bluelotussmellslikebananas · Answer

The primary problem is that if this power is given, they can go after and shut down ANY [private/or bail out receipient] institutions that think will impact the economy. What is the definition of "amok?"  AIG can be used as the poster child for "amok" but the lines of the definition can be blurry. Thus far, the Fed's haven't done a very good job with the power they DO have. I would be very concerned if they had more.

Donald C · Answer

It is kinda like spending a fortune to fix up an old car, then junking it.
These people must make up their minds.
One or the other.
We are committed to fixing the company. Now is not the time to shut it down, or all that money will have been wasted.

Anonymous · Answer

I think the feds should give us our tax money back in the form of a hefty down payment for a new Detroit car.

In this way we'll know where the money went. It went to Detroit and there suppliers. It then continued to trickle on down to their suppliers, suppliers. 

The taxpayer would get a car, Detroit would stay in business, and money would be circulating again as it needs to be.

The bottom line is that we all know where the money went. Why do I have to solve everything?

Signed,
Bill Clinton

L.T.M. · Answer

This is Obama's wet dream. You know he's thinking to himself 'this is just too easy..these fools are buying this crap hook line and sinker'. Someone needs to show me how this is constitutional! We're past socialism..we're moving straight to a Monarchy!

Pelosi &amp; Lefts Ruined California · Answer

I wonder how long it will take most Americans to see what idiots we have running the country!   This is INSANE!  We cannot keep spending TRILLIONS!  Letting Govt Take over everything!

sweetguy452003 · Answer

THE FEDERAL RESERVE, IN CONJUNCTION WITH OUR EXECUTIVE BRANCH AND OUR LEGISLATIVE BRANCH OF GOVERNMENT ARE ATTEMPTING TO FINANCIALLY BANKRUPT OUR NATION IN ORDER FOR THE PEOPLE OF OUR NATION TO REQUEST  OUR GOVERNMENT SAVES US.  OUR GOVERNMENT IS GOING TO TELL THE PEOPLE LATER  THAT WE WILL HAVE TO JOIN THE NEW WORLD ORDER AND ACCEPT THEIR RULES FOR OUR NATION TO BE SAVED.  WHITHIN THE JOINING OF THE NEW WORLD ORDER OUR GOVERNMENT WILL MAKE AN EXCUSE FOR THE PEOPLE TO DROP OR FORFEIT OUR BILL OF RIGHTS AND OUR CONSTITUTION . THAT IS WHAT OUR GOVERNMENT WANTS US TO DO. THAT IS WHY THEY ARE TRYING TO BRING IN AND MAKE US ACCEPT THE NEW WORLD CURRENCY AND DROP THE DOLLAR AS THE WORLDS ACCEPTED CURRENCY.

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What kind of sense does this make?

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