http://www.iht.com/articles/2008/09/23/business/sorkin.php?pass=true
You have to call this garbage bailout what it is
A scam to keep Wall street bigwigs out of prison
And some of the government has to go there with them to
This is nothing nore than a CYA (Cover your ass) move by Hank for him and his buddies
That's why he is calling for no judical review ever so that it can NEVER come back on them
Notice how he wants to hire his buddies to help him giving them immunity to
Bull shit
Barretta used to say
"If you can't do the time, Don't do the crime"!
The bigger issue is that the bill effectively creates protections not just for the Treasury, but for the executives on Wall Street who created this near Armageddon. Rosner says the draft bill "prevents judicial review that could allow the protection of decisions that create false marks, hide prior marks, or could be used to prevent civil or criminal prosecution in situations where a management knowingly provided false marks that aided the growth of this crisis of confidence."
False marks - using mark-to-market accounting to hide the true value of security, rather than disclose it honestly - has a lot to do with why Jeffrey Skilling, the former Enron chief executive, is in jail.
