Wednesday, February 11, 2009

"Financial 911 by the Bush Admin"

"Financial 911 by the Bush Admin": Disgusted public is a correctly described state of mind for many who still have jobs, cash out of markets, and house; however, we have many who are financially demolished feeling desperate, unquenchable stomach-twisting pain financially and emotionally -- equivalent of financial 911 experience.

We need to have "Full accountability hearing on the Bush Amin" in the light of our Economic Crisis.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35518789


Bank CEOs Need to Win Public Over: Lawmakers
The Associated Press
| 11 Feb 2009 | 10:48 AM ET

The top members of a key House panel told banking leaders Wednesday they must win over <<<>>> and work with Congress without hesitation to right the deeply troubled financial system.

"I urge you going forward to be ungrudgingly cooperative," said Rep. Barney Frank, the Democratic chairman of the House Financial Services Committee. "There has to be a sense of the American people that you understand their anger...and that you're willing to make some sacrifices to get this working." http://www.cnbc.com/id/29137594/


Bush Admin Claw Back Accountability ~ in the light of the current economic crisis which is unprecedented in modern history, GOP should be accountable and should have "claw-back" accountability hearing including companies and CEOs who took unconscionable advantage of many using their positions.

For example, these people should pay back what they have swindled off from the companies -- not only bonuses, but also their unreasonably high compensations even if companies were poorly performing. They should be paying back the money which they literally stole from.

"Claw back" accountability investigation could be most effective now because we can investigate those who could be involved and responsible for our economic disaster -- easier to follow or to trace the money to be accountable. For accountability, after the fact investigation is easier to prove since the money can be traced as a part of accountability investigation.

http://www.cnbc.com/id/29137594

Bank CEOs Face Grilling Over Use of Rescue Funds

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