Jan20cantcomefastenough

The Problem With the Citi Bailout

The Paulson/Bush "the sky is falling we must act now" fear-mongering to pass their bailout plan with no planning was ridiculous. Our politicians are not smart enough to understand anything that has been written in the article above. Scary enough that they are the ones in a full panic spending tax payer dollars and pushing our deficit to disgusting levels.

Anyone with half a brain knew that there was no oversight in these handouts to greedy executives. Having worked for Citigroup, if the government continues to hand them money with no regulation or oversight nothing will change. Same management, same problems. We need leaders who have the courage and intelligence to axe some executives and figure out the real problem. We let the oil industry rape America, now it's the financial sector and soon it will be the auto industry. And don't make me laugh with the suggestion that auditors are the answer. Why have we heard nothing about the audit firms that have been signing off of Citi's, AIG, GM... etc. books for years. Did you all read about the Executive Partner at Deloitte who was indicted for insider trading? These audit firms are a joke. They aren't the solution, they are part of the problem.

To listen to Bush in his "exit interviews" try to pin the financial crisis on Clinton is just disgusting. Bush has been in office for 8 years. He did nothing and now he's trying to blame this on someone else. Are you kidding me. We all inherit jobs and decisions that were made before us in any line of work. As things change sometimes you have to undo something that the person before you put in place. Your failure to do so is your responsibility.

I have no faith in government. The are all a bunch of crooks.