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Financial Crisis and Secret Squirrel...I don't like it.

We, the taxpayers who are on the hook for $700b / $1.5t in this Financial System Rescue Effort, have been kept in the dark. Secret meetings with Paulson and the banking heads, the President and foreign heads of state, hedge fund managers and government officials, etc. etc. and quite honestly it completely stinks to high heaven.

As the chumps who are funding this bailout with our childrens' futures, we deserve to know everything, and we are being told NOTHING! I can't believe that more folks are not as outraged as I am that decisions are being made with our money and we are not being told even half of what is going on. We have a right to transparency and yet we are being told to "trust" Hank, Ben, George and NOW this 35 year old former rocket scientist Neel Kashkari.

We will be regretting this blank check of trust for the rest of our lives.

Posted by Rich Sweum on 10/16/2008 01:42 PM

Comments (2)

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2 Comments on Financial Crisis and Secret Squirrel...I don't like it.

OCT

2008

I agree that this was possibly irresponsible. But, when it comes to economic stimulating I have to agree that the best way to do that is a strong cash flow pumped into our economy. Five years ago at 17 I was flying back from Romania (a third world country) and I was lucky enough to sit next to a Romanian politician. I asked him, why don't you guys just increase wages to boost your economy.

He gave me some answer about small businesses suffering. I remember thinking, everyone benefits when there is more money in the economy. But, I let it go. Now, I still believe that is the best route. I have a suggestion that will probably never make it to our heads of state.

Why don't we increse taxes a small percentage for those of us who recieved that stimulous check and re-pay the note over the next 30 years. That wouldn't make a very significant dent in our economy. Just a thought.

OCT

2008

Rich, I absolutely couldn't agree with you more! There needs to be more transparency. And I would particularly like to be able to vote on these issues - have some debates on the pros and cons, set up the polling booths and have the Americans who will be affected by the issue vote on it. Problem is that there are so many uninformed people out there who would be voting solely to help their own situations versus thinking of the betterment of the country as a whole, the bigger picture.

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