Alan Geik

The Bailouts Are Doomed - All of Them

Thank you for your correction; Sen. Dodd had not been the Chairman of the Banking Committee for the past 8 years. He was, previous to his becoming Chairman in 2006, the ranking Democratic member of that committee.

The bailout orgies I described occurred over 25 years. They spanned Democrat and Republican administrations.My point was that they all were asleep, or hypnotized by the lobbyists. And remain so.....

On a personal note, I never voted for a Republican in my life. I expect giveaways to banking conmen and defense contractors from them;
I expect exactly what they unfortunately delivered over the past eight years.

However Frank and Dodd's race to "get out in front" of the crisis after being lulled to sleep was a sad spectacle...for me. Someone once said that there is nothing more dangerous than a politician who "needs to do something."

You did mention Senator Shelby; his recent opposition to the bailouts made me wish he was a Democrat.

Thanks again for your comments.

On Jan 05 12:18 PM Lets just tell facts wrote:

> Christopher Dodd was NOT the Chariman of the Senate Banking committe
> for the past 8 years, in fact Senator Dod has only been chairman
> since the fall of 2007.
> The Good Republican Senator Shelby of Alabama was the Chairman of
> the Senate Banking Committee prior to Dodd and it should be that
> same Senator you cast your blame on.
>
> Perhaps you have been distracted in the last 8 years, the Republican
> Party has been in total control of the money and how it was spent!
> None of the Major committees had Democratic leadership until November
> 2007.