rssDidn’t We Almost Have It All
Tuesday, March 24, 2009 at 8:22 pm
- 4 Comments
The questions during President Obama’s press conference so far are attempts to get the him to explain the size of the budget and find an item he’s willing to sacrifice. He’s answering with … explanations of why he wants this stuff in the budget. The effort to make him answer for anything, or rule anything out, seems fruitless.
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4 Comments
Comment posted March 24, 2009 @ 5:36 pm
You noticed the very same thing many Americans probably have noticed. He won't answer the questions directly. Infact, his answer on why it was so important to “take over” the firms was down right untruthful. The government can seize any company that files for bankruptcy…..Americans need to ask why the government feels the need to snatch them up so early on. Think of it these tersm….it was your company you own.
What keeps them from being the ones who create the smokescreen of weakness iof they so desire the institution. The point is, bankruptcy law is there to PROVE insolvency, they want the right to take a company who may not even be in trouble, just hearsay may be enough.
I'm am thoroughly disappointed in his “change”.
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Comment posted March 25, 2009 @ 12:00 pm
“The government can seize any company that files for bankruptcy”
What if they don't *want* to file for bankruptcy? I don't believe the FDIC has to wait – it can force the issue.
AIG is technically regulated by the Office of Thrift Supervision, but they're the laissez-faire do-nothings who brought us the Savings & Loan debacle, and even if they were inclined to regulate AIG, knew nothing about how to regulate a monster like AIG.
Comment posted March 25, 2009 @ 7:00 pm
“The government can seize any company that files for bankruptcy”
What if they don't *want* to file for bankruptcy? I don't believe the FDIC has to wait – it can force the issue.
AIG is technically regulated by the Office of Thrift Supervision, but they're the laissez-faire do-nothings who brought us the Savings & Loan debacle, and even if they were inclined to regulate AIG, knew nothing about how to regulate a monster like AIG.
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