I Also Told You...
I Said You’d Do Nothing. You Did Nothing. They Won. We Lost.
by The Reality-Based Independent Media, Bloggers, et al. You Keep Allowing, and Allowing...
“Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules.
But at the last minute, the Bush administration insisted on a one-sentence change to the provision, congressional aides said. The change stipulated that the penalty would apply only to firms that received bailout funds by selling troubled assets to the government in an auction, which was the way the Treasury Department had said it planned to use the money.
Now, however, the small change looks more like a giant loophole, according to lawmakers and legal experts. In a reversal, the Bush administration has not used auctions for any of the $335 billion committed so far from the rescue package, nor does it plan to use them in the future. Lawmakers and legal experts say the change has effectively repealed the only enforcement mechanism in the law dealing with lavish pay for top executives.”
To all whom keep allowing the allowing - “Fuck you oh so very much.”
It wasn’t the thieves, the corporatists, the republicans - - - It was you who allowed the thieves their thefts, and allowed the corporatists their crimes, and allowed the republicans to run amok within our government, and you are in fact -still- allowing... it all to go on, and on. . .
“YOU”, not ‘them,’ were/are that factor that caused it all.