The New Modified Bailout Bill

   This shit just keeps getting better and better! The original $700 Billion bailout bill was met with much opposition from both political parties as well as the majority of America's citizens. Not wanting to piss us off ( sure ) our government leaders went back onto hibernation to work on a better, more accountable bill. So they managed to create a better ( ? ) bill which was unveiled on Sunday.

  From what I've seen on the Internet thus far, this bill is even worse than the original one was. Oversight? sure there is. Just like with the FISA Bill. Remember that one? ATT and others got off for illegal activities against both you and I.

  Bailout Bill has oversight but the problem is that the companies and individuals who got you and I into this mess are the ones who will have the oversight! What the fuck is wrong with this picture? Plenty, as you will see. Read on!

  Original   ( edited )

            OpEdNews

With the modified bailout proposal announced today as “agreed” to by Congressional leaders of both parties, House Majority Leader Nancy Pelosi chillingly emphasized that one of the “achievements” of the modified bailout is that it “insulates Main Street, and everyday Americans, from the crisis [created by] Wall Street.”

The REDUCED, rather than increased, accountability comes from two main factors. First, the only control the people had under the original proposal was the hope that the President would fire the Secretary of the Treasury for malfeasance. Because the unprecedented new Troika is made up of three independent federal agencies, so the President (the only elected person with any possibility of control) has a much harder time impacting them, and has to replace at least two of them instead of one Treasury Secretary. Canning two of these major business figures in the SEC, Fed, and FDIC would arguably shake up the markets further. Moreover, it’s questionable indeed for the President to have a “litmus test” on bailout policy for any appointee to an “independent” federal agency that is supposed to be just that – Independent.

Business deregulation has generally gone hand in hand with regulatory agencies being captured by Wall Street interests, so now, in effect, Wall Street decides how much accountability Wall Street will get, thanks to the Troika and “good cause.”     OpEdNews for more

  What this means is that both you and I are being shit on by our elected representatives in government, once again. Nancy Pelosi and, more than likely, Harry Reid, are about to give the crooks in both government and on Wall Street the right to police themselves. This is not acceptable!

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