Greed motivates people in amazing ways. Today the United States Treasury Department approved 10 banks to repay over $68 billion in bailout money. Its amazing how 10 of the nationâ€™s largest banks who just months ago were begging for billions of dollars of money in bailouts have suddenly found a method to pay off their Troubled Asset Relief Program (TARP) accounts.
I think it is bad for America and bad for business when the government gets involved by forcing its will. The bounds have been broken and where does it now end? In the last 6 months I have seen some seriously disturbing moves by our government. Bailing out worthless companies, removal of business leaders and extreme taxation used as a weapon. These new unprecedented moves gives Government more power than ever.
I sent an email to Orrin Hatch. You can read it here.Â Today I got his response...Â Thank you for contacting me to express your concerns about the current crisis in our financial markets and the state of the economy. I appreciate hearing from you.Â Â As you well know, our financial markets have become increasingly volatile [...]
The American public should be sending Chris Dodd a thank you note for selling our future down the river for a reelection donation. It appears though that he was not alone in the bail out band wagon. The financial sector seemed to know that it 2009 it would need help from friendly politicians and so they donated generously. It appears ladies and gentlemen that your Congressman can be bought.
I believe that the corporate management team aka the board of directors should be held accountable and the group should be brought to justice. I believe the members should be stripped of all personal and business assests including cash, retirements, homes, cars, jewelry, art and anything that can be sold for cash to go to the government for paying their bill. I believe they should all go to prison.