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 It's 11PM America, do you know where your $700B is
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Delawhere Jack
1000+ Penny Miser Member


USA
1680 Posts

Posted - 11/13/2008 :  16:10:44  Show Profile Send Delawhere Jack a Private Message
From the Washingtonpost.com

Bailout Lacks Oversight Despite Billions Pledged


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This mess just keeps getting uglier by the day.

"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson

redneck
1000+ Penny Miser Member



1273 Posts

Posted - 11/13/2008 :  17:30:02  Show Profile Send redneck a Private Message

Of coarse there is no oversight or nearsightedness or far sightedness.

quote:
The legislation also created a body called the Financial Stability Oversight Board, whose five members include Paulson and Federal Reserve Chairman Ben S. Bernanke. But it has no staff of its own, and few expect that policymakers can conduct oversight of themselves. "It's sort of a joke in terms of oversight," a congressional aide said.


The sheepeople are blind,stupid and helpless and the sheep herders know this.

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