Why the AIG Bonus is a big deal... - Democratic Underground

dkf

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Thu Mar-19-09 03:25 AM
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Why the AIG Bonus is a big deal...

Robert Reich nails this one:

"The President cannot afford to lose the public’s confidence that his administration is a careful steward of the public’s money. The public was willing to go along with a large stimulus package. But it won’t go along with a second stimulus, and certainly not another TARP. And until the public feels confident that its money isn’t being thrown down a rat hole, it may balk at other ambitious undertakings such as health care or education or the environment."

http://tpmcafe.talkingpointsmemo.com/talk/blogs/robert_reich/2009/03/in-the-wake-of-aig-obamas-firs.php

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radfringe

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Thu Mar-19-09 04:25 AM
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1. R.I.P. - things that would boost "public confidence"

1. REGULATIONS - at least begin by presenting an outline of what kind of regulations are being looked at and what they are hoped to accomplish

2. INVESTIGATIONS - DOJ, SEC and any other regulatory agency out there should be digging into this mess.

3. PROSECUTIONS - Follow up investigations with prosecutions. And not just frog-march a couple of token middle-people.

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