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The question to Geithner "What did the Obama administration know and when"? My question:

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oviedodem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:23 AM
Original message
The question to Geithner "What did the Obama administration know and when"? My question:
Edited on Tue Mar-24-09 09:28 AM by oviedodem
WHERE WERE THESE TYPES OF QUESTIONS DURING THE BUSH CRIME FAMILY SAGA?????

This question was never asked with such frequency when we were deceived into war with Iraq?

This question was never asked to Paulson, Bernanke, Greenspan when our financial system started crumbling?

This question was never asked to the Bush WH when 9/11 happened regarding intelligence?



This is patently BS and is clearly being done to undermine the WH and democrats in general. Obama is being asked questions that give the aura of deceit or some type of malfeasance that is wrong on so many levels it hurts.

At least Geithner is showing some backbone in his opening statement.
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Sebass1271 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:25 AM
Response to Original message
1. who asked this stupid question? and why is geither even
answering this fucking question???
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oviedodem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:26 AM
Response to Reply #1
3. I think it was a dem congressmen
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TwilightGardener Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:26 AM
Response to Original message
2. What did Bush, Cheney, Powell, Rumsfeld, Bremer, Condi, et al know about
the 8 or 9 billion that "disappeared" off of pallets in Iraq? Funny how that got squelched, how that didn't gin up any outrage except for the left blogosphere. The bonuses pale.
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:29 AM
Response to Original message
4. The Bush Administration is over
You are saying that you don't want the Obama Administration to not have to answer congressional inquiry because the Bush Administration didn't?

Why do you think the Bush Administration got away with as much as they did?

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90-percent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:30 AM
Response to Reply #4
5. The Bush admin IS NOT OVER
I won't consider it over until all those traitors are tried in a court of law for treason.

-90% jimmy
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:33 AM
Response to Reply #5
6. Well seeing that our President is bailing out the wall street criminals
to save the economy...I doubt he has the taste for going after the previous kabal so it will be going on in your head till you die.
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elocs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:42 AM
Response to Reply #5
10. Then, for you, the Bush admin will very, very likely never be over. n/t
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90-percent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 11:04 AM
Response to Reply #10
19. So be it
It ain't up to me. And I have enough mental health to deal with it.

I'm 55. I have no children. But I am concerned for the future of America, the world, and the young people of today. I feel I have an obligation to at least do some small thing to leave the world better. I consider this the core issue in America and the World right now, so I do go and speak one on one with my Congressman about this issue relentlessly.

I admit my efforts to change things are feckless and insignificant. They would not be if more felt the same as I. As an average person that is a product of a decent American public education, I cannot fathom why all my fellow Americans are not in full tilt outrage over this issue? Do we all like paying taxes to support torture and kidnapping? I guess so.

-90% jimmy
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elocs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 02:20 PM
Response to Reply #19
21. I am 56 and my reality is that life is not fair and the guilty as often as not go unpunished.
Change what you can and live with the rest. My guess is that for decades before Bushco that our taxes went to support torture or kidnapping of one kind or another. Your use of "feckless" is spot on though, but as with all of us you can just do what you can. As for myself I cannot fathom why everyone else does not think the same things are as important to them as they are to me. Most Americans are living lives of quiet desperation and they are worried about their jobs and homes and caring for their families first and foremost and do not have the time or energy to tilt against windmills. Again, real life intrudes.
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oviedodem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:38 AM
Response to Reply #4
8. The decisions that Bush did for eight years has crippled this country on many
levels. I find it amusing that you think we should question Obama at EVERY turn. You mean to tell me that he must suffer "the sins of the past" in order the clean up the mess? That is ridiculous.

There are only 4 ways to deal with this. Bush did #1 with little to no questions; Obama should be granted the same.

1. TARP

2. Nationalization

3. Geithner's plan

4. Do Nothing
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:39 AM
Response to Reply #8
9. That makes sense the last guy was a near dictator
Edited on Tue Mar-24-09 09:41 AM by AllentownJake
and made bad decisions no one questioned...the answer find a guy with a nicer personality who says he agrees with us and make him a near dictator.

Great logic.

I'm sorry I invested 8 months into this guys election. I get to say when I don't like something he did policy wise.
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oviedodem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:42 AM
Response to Reply #9
11. You do get to have a say. Since that is the case what would you even consider doing
with the financial situation?
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:46 AM
Response to Reply #11
12. I'd be more inclined to nationalize
because if the government owns the toxic assets outright it has more power to negotiate payment terms with the underlying persons who the assets represent.

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oviedodem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:50 AM
Response to Reply #12
13. Fair enough and I happen to agree with you with this caveat:
I don't think the congress will let that happen for fear of "socialism" (which is BS) AND way too many in congress are deep in bed with the financial industry and the lobbyists would systematically kill it.

The political risks are very high and I am not too sure I trust the FDIC or SEC to regulate.
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:54 AM
Response to Reply #13
14. Here is my question on the lending thing
Edited on Tue Mar-24-09 09:55 AM by AllentownJake
We've pretty much ruined a good portion of the lower middle class, middle class, and upper middle classes credit for the next 7 years.

If you lend it to those people who just had their credit ruined aren't you in fact doing the problem over again?

Who is this money being lent to, to spur the economy?
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oviedodem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:59 AM
Response to Reply #14
15. Thankfyully a constructive conversation. My thought is that with the end
of the "fancy" mortgage i.e Interest Only, No Doc, etc, only strong credit holding people will be able to get a loan. Second, I would bet that Obama wants the usury bill proposed by Durbin to pass which will stop the credit fraud which causes bad debt.

In addition, if the regulation is indeed tightened, then I suspect that only people and businesses with the proper credit will get loans. What to do with the ones who have been ruined by all this? Hopefully they learned a lesson if they made bad decisions, and people need to start saving and investing.
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 10:05 AM
Response to Reply #15
16. The people that have been ruined
Edited on Tue Mar-24-09 10:07 AM by AllentownJake
aren't by a majority the ones who made bad decisions anymore. That is a freeper assumption.

If you got 2 kids and a house and you lose your job in a bad economy. Even if you saved 2 months of expenses this thing has bankrupted you. There simply are no jobs and because of the mortgage you are tied to a particular geographic area.

You are seeing more and more college educated families showing up at the homeless shelters, who did the right things.

Meanwhile the guys who orchestrated this mess are about to profit and grow more powerful.

This thing stinks to high heaven. I'm very disapointed this was Obama's solution.



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oviedodem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 10:07 AM
Response to Reply #16
17. I hear it every day at UCF. Bottom line is this country HAS to start
producing and manufacturing to creat jobs and enhance other sectors.
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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:37 AM
Response to Original message
7. Pretty much like Congress was during Clinton Administration.
Tough then and bitches when the Republicans are in office. Democrats were just as bad as Republicans, which is why they didn't stay in power long
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Clio the Leo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 10:11 AM
Response to Original message
18. Exactly. It's a stupid question asked only to bring honor upon the one asking it.
The Treasury did not have the authority to stop the bonuses and everyone of the congressmen on that committee knows it. .... well, maybe not because some of them are lacking in brain cells ..... but still.
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avaistheone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 11:08 AM
Response to Original message
20. I think such a question is a good one to be asked to all administrations
when discussing an issue of great importance.
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