PoLiTiCaLlY CoRrEcT

General comments about the world today

Monday, October 06, 2008

Looks like the 'D's' have it to me

After reading the information below---be sure to also remember that Fannie & Fredie were both the brain child of the Democrats. Personally, I am fearful the management of the bailout will lead to a fiasco. My reasoning for this is based upon the track record of government's management which up to now leaves a lot to be desired. The makeup of the Democrats in congress today consists of an overwhelming number of them being attorneys---they may know about legal stuff---but they don't know much about business or business management---whereas most Republicans are not attorneys, a goodly number are from the business world and have knowledge on how to manage a business. We need a President that will make sure good business practices are put into operation in the management of Fannie & Fredie.

Think about it! Lee

-------------------------------------------------------------------------------------------------

FYI:

In the last couple of days, we've seen Obama and Nancy Pelosi trying to blame George Bush for all the financial upheaval . Fannie, Freddie, AIG, Lehman, etc.

As a result, you might be asking, "Who oversees these things? Isn't there some government agency that should have been able to see what was happening and taken some kind of steps to stop it?"

Well, yes. In fact, both the US Senate, and the House of Representatives have committees that are there for just this kind of thing.

So, who's in charge there?

Who should be held accountable?

The United States Senate Banking Committee :

Committee Chairman, Christopher Dodd, (D)

Subcommittees of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and Subcommittee Chair:

Securities, Insurance, and Investment - Jack Reed (D-RI)
Financial Institutions - Tim Johnson (D-SD)
Housing, Transportation, and Community Development - Chuck Schumer (D- NY)
Economic Policy - Tom Carper (D-DE)
Security and International Trade and Finance - Evan Bayh (D-IN)

--------------------------------------------------------------------------------------------------

The House Financial Services Committee:

Chairman Barney Frank (D-MA)

The United States House Committee on Financial Services (or House Banking Committee) oversees the entire financial services industry, including the securities, insurance, banking, and housing industries. The Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission,

and other financial services regulators.

Subcommittees and Subcommittee Chair:

Capital Markets, Insurance - Paul Kanjorski (D-PA)
Financial Institutions and Consumer Credit - Carolyn Maloney (D-NY)
Housing and Community Opportunity - Maxine Waters (D-CA)
Domestic and International Monetary Policy - Luis Gutierrez (D-IL)
Oversight and Investigations - Mel Watt (D-NC)

.............................................................................................................

Looks like the 'D's' have it to me . . . . .

posted by chris # 4:20 PM

Comments: Post a Comment

Subscribe to Post Comments [Atom]

<< Home

Archives

May 2004 June 2004 July 2004 August 2004 October 2004 November 2004 December 2004 May 2005 March 2006 April 2006 May 2006 June 2006 July 2006 September 2008 October 2008 January 2009 February 2009 March 2009 April 2009 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 December 2009 January 2010 February 2010 April 2010 May 2010 June 2010 August 2010 November 2010 February 2011 March 2011 April 2011 June 2011 July 2011 August 2011 May 2012 July 2012 August 2012 September 2012 October 2012 November 2012 March 2013 September 2013 October 2013 December 2013 January 2014 February 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 February 2015 March 2015 April 2015 June 2015 July 2015 December 2015 May 2016 August 2016 September 2016 November 2016 December 2016 October 2017 October 2018 April 2019 May 2019 November 2019

Subscribe to Posts [Atom]