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Like putting a horse breeder in charge of federal emergencies, Bush had also put a guy against regulating wall street in charge of regulating wall street. The results is a federal agency that investigated Madoff several times, but couldn't find evidence of any wrong doing.
One of the weekends in which we went from oh fuck to we're fucked, the weekend the Fed bailed out BearStearns, the head of the SEC couldn't be bothered with silly little financial crises, oh no. Instead he gave a speech at the birthday party of a friend and had to sleep it off the next day. A few days later, he went on his long planned Carribean vacation.
One of the main guys responsible for avoiding financial meltdown was nowhere to be seen as the economy melted down...
THIS is whyipaytaxes.
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2 comments:
this would be the old administrations definition of "taking responsibility".
Is this really surprising? Bush's Crack Team... Between FEMA and Tom Ridge's proposal back after 9/11 saying to use duct tape and sheets of plastic in case of bio- or chem- attacks, I'm surprised the didn't hire a monkey to oversee the SEC (Securities and Exchange Commission). Oh wait, they did.
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