RNC: What A Bunch Of Fools
NOW you say this?:
WASHINGTON (MarketWatch) - Regulators should rely on the bankruptcy process to unwind large systemically significant financial institutions rather than allowing government bailout dollars to help resolve insolvent mega-banks, according to a broad regulatory reform proposal introduced by House Republican lawmakers on Thursday. The wide-ranging proposal, which opposes the possibility of any taxpayer-funded bailout dollars, seeks to rival a regulatory reform proposal the Obama administration is set to announce next week.
Let's see....
Who was in charge of The Administration in 2007 and 2008?
Who proposed TARP?
Who stopped his presidential campaign to come back to Washington DC and support TARP?
Which party ignored nearly a half-dozen petitions that I ran with thousands of signatures each, faxed to Reps and Senators, all saying the same thing: NO BAILOUTS DAMNIT - BANKRUPTCIES!
Who got several impassioned letters like the one that I wrote to the McCain campaign in August of last year? I predicted he would lose in that letter as a direct consequence of his policy on this matter.
He lost.
Bluntly, I don't believe The Republican Party is serious about their alleged "change of heart."
Not until each and every one of these buttclowns who supported the bailouts, voted for TARP and allowed our nation to be ROBBED come out and issue written, public statements of apology and admission that they were wrong.
http://market-ticker.denninger.net/archives/1116-RNC-What-A-Bunch-Of-Fools.html
_______________
Republicans are by far the most despicable people on earth.