Quote Originally Posted by Lyle View Post
So congress is now calling for the Fed to be reined in but did they or did they not vote to bail out companies only AFTER putting in a little pork just to win some more votes over.


Oh it's mighty scary how much power the Fed Chairman wields now. But to not give any blame to the people that voted for these big bail outs is wrong.
It isn't wrong at all, it's exactly right. The original proposal Bush sent Congress was a one page document that gave the Bush Treasury total control over the $700 billion with zero congressional oversight and immunity from prosecution should there be any corruption in spending the 700. Congress eventually passed a far better bill for the taxpayer than the GOP originally wanted. And Congress was forced to pass the bailout bill because Bush had fucked the economy up to such an extent it was in danger of total meltdown. If they hadn't passed anything we'd already be facing a Depression, as it is we may still avoid one.

But let's lay the blame where it belongs Lyle. The Democrats had nothing to do with this, this is all Bush's fault.