Jun 17 2009
Mr. Obama political oversight won’t help
Mr. Obama, political oversight will not help! Do you really believe that political oversight would’ve helped our current financial situation? We already had political oversight. There no such thing as too big too fail. This situation was caused by these financial institutions, trying to produce a dividend for their shareholders. They developed mortgage products to get the best return for their shareholders. This happened with political oversight. The problem is there was no penalty when their mortgage products backfired. This will continue to happen. Why don’t more people want to rob banks? Because there is a penalty! Your political plan doesn’t hold water because there is no penalty. I believe there is a 5% penalty. NO PENALTY! If I had to give back a nickel for every dollar I stole, I would steal every day! As much as I can! NO PENALTY! I do not believe the government should not be involved in the decision making process for any business. You cannot serve two masters! You cannot be fair to both. One will suffer…just a thot
We cannot continue to bail out businesses because the coffers are empty. Obama has stepped on so many toes that no nation will touch us, and China is selling off some of it’s interest in us. A portion of what you gave, is not sufficient to appease any lender…he’s running out of power to overtake, but not the will to try. Stupidity and arrogance go hand-in-hand.
I agree! No one is too big to fail. All of the houses that are being forclosed on, will eventually will be bought. Before the election, I believed that if Obama won, he would not stand up to the other democrats (Pelosi and others). I was right. What he and the other dems are doing is creating problems for my grand children…just a thot