Quote Originally Posted by Lorax View Post
Hopefully you're looking at it.

The point is if you take bailout money from the people, you need oversight and accountability.

The SEC under Bush dropped the oversight ball, since it wasn't in their worldview that banks should be accountable for anything. It was greed run amok.

I would be less concerned about the rights of corporations at this point in time, considering what they have put the rest of us through.
Mikeg was making the point that the rule of law should prevail. Once again, your inner Reich is showing. If you don't like the way things are, change the given law or amend the Constitution before suggesting the use of dictatorial powers. Maybe you can get around that pesty Constitution and the rule of law by just getting an enabling act passed. Then the President could fire auto executives, ignore bond holders and others' contractual rights, print money, whatever...

For what it's worth, Bush's Wall Steet bailout passed the House with 172 Democrat and 91 Republican votes. In the Senate "Thirty-three Republicans joined 40 Democrats and Sen. Joseph Lieberman, a Connecticut Independent in favor of the package. “This is not a Democratic bill. It’s not a Republican bill,” said Senate Majority Leader Harry Reid [[D-Nev.) later. “It’s our bill.”" Candidates McCain and Obama both left the campaign trail to lobby their collegues to support Bush's bill. The SEC has been under the control of the Obama administration for three times as long as it was under the Bush admistration. Take some responsibility. It's your bill.