Wednesday, December 24, 2008

Now Congress Wants Transparency

"Congress Moves to Crack Down on Bailout Recipients"

This is the title of an article today on the Fox News Website. The article goes on to inform us that there is no way for us to currently report on how the bailout money is being used (based on 4 questions previously asked to these institutions by the associated press). So that brings us to congress - now they wish to know where the money is going.

This is so painfully obviously something that they should have thought about LONG ago - like maybe BEFORE rushing this "bailout" through the senate the first time? Perhaps this is the reason it was not gaining steam - that is, until, as has been reported, congressmen were "bullied" into voting for the bailout on the second round of votes.

At any rate, this is something that should have ALWAYS been in place. How is it that the government thought it was a good idea to give free money to banks and institutions that have proved their greed in creating this mess to begin with? Of COURSE the greedy corporate fat cats would take their chunk and run with it - and do what they wish with it - lavish vacations, more homes for themselves, bigger and faster "corporate" jets! Yeah, good move by the government, and the very reason why I was against this bailout to begin with!

And NOW they decide "oh, we need transparency - we need to know where the cash is going" ... and all I can really say to that is DUH!!!! And all we can hope as the taxpayers - funding who knows exactly what - is that it isn't too late for the transparency to come to light; so we can finally, again see that these greedy fat cats are just a new wave of criminals.

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