McCotter Demands Wall Street CEOs Appear Before Congress

[Newtblows]

Hindsight is 20/20

[mrcoder]

First the Fed said it was not "spent" money. The TARP money he said was really "loans." That was January 2009.

Now in February just one month later, the Treasury says it was equities that were purchased, and there was no mention of loans, not a single one.

What is going on guys? Did you forget to write things down? Your story appears to be changing, first it was all loans, 100% as loans, but one month later it was all equities, with zero loans.

[FriedDaisy]

Mr. McCotter: Their immoral & illegal business practices should have had those yachts confiscated & made public property just like what is done with the property of drug pushers & dealers.

In fact their bank accounts, investments, yachts, airplanes, mansions, vacation homes, fleets of cars, lavish wardrobes & accessories, pets & livestock, sports equipment & anything else with a resale value should be confiscated and/or auctioned off to pay back those whose money they have squandered or stolen.

[cyberkitty7]

My dear, if you think this problem was created by only the executives, you need to pick up a paper and read the news of the last 6 months. Please do us all a favor and at the very least, have your comments make some sense.

[FriedDaisy]

cyberkitty7: I was speaking to those Mr. McCotter was addressing.

As with any political/social/buiness structure there is a chain of command. I hardly think the buck stops with the executives of the criminal corporations & banking cartels.

Trickle down corruption is one of the few returns realized from the so-called trickle down economics scheme we've all been enjoying.

[70road]

Don't forget about their useless wife and kids.

[pondergrace]

Succinctly put.  Thank you for speaking for others than just your local constituents. :-)

[MCJohnnyFresh]

Once again I agree with Rep. McCotter.

Keep up the good fight against corruption and the Communist Chinese sir, you have many behind you on both issues!