Tuesday, September 30, 2008

A Good Start

Looks like some of the thieves that caused this financial crisis are gonna get theirs. The Justice Department and their minions are looking into the financial practices of CEO's and if they cooked the books.

In addition to the private sector getting a 'once over' the causes of this mess (mortgage giants Fannie Mae and Freddie Mac) are facing a federal grand jury investigation into their bookkeeping.

Unfortunately they're only going back to 2007.

It is my hope that investigators look and every one including members of Congress. What was their culpability in overseeing these two quasi governmental institutions.

All they have to do is follow the money.

Who got paid off? Who got the PAC money, special consideration or constituent goodies?

It's on the public record.

They too need to be investigated to see if they looked the other way when they should have been watching the cookie jar.

What they will find will shock most of us.

Thursday, September 25, 2008

Who's To Blame?

The "Blame Game" is in full swing in Washington. I'm sure you have heard some of it, it's Wall Street, the rich and powerful insiders, George Bush and his lack oversight... the list goes on.
Heck, some are even blaming "capitalism".
Here's a great rule of thumb. Whenever the guys and gals in Washington begin to blame every one for a problem it's usually because they had something to do with it. This mess with the mortgage meltdown is no exception.
An even bigger indicator of their guilt and culpability is when they decide to hold hearings and investigations. That is a sure fire indication of their guilt.
You probably have heard that Congress has asked for the FBI to investigate Wall Street CEO's and what they did or didn't do to create this mess in the financial markets.
Be advised this problem is the direct result of social engineering of home lending practices, inside cronyism by leading Democrats and select GOPers and personal profiteering by political friends and former colleagues.
Deny if you want but the facts do not lie ... which is more than can be said of the biggest complainers on Capital Hill