I don’t know about you but I’ve had it with all this corruption. It’s time to tar and feather all politicians! Every stinking one of them!
‘Shameful’: Big shots on Wall Street, in Congress still don’t get it
New York’s Charles Rangel and five other Democratic members of the House enjoyed a trip to the Caribbean sponsored in part by Citigroup (see above) in November – after Congress had approved the $700 bailout for financial firms (including Citigroup).
The members no doubt will object to the terms “junket,” but that shoe fits. The National Legal and Policy Center, a watchdog group, has asked Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP) to investigate the Nov. 6-9 excursion to the island of St. Maarten.
It was called the Caribbean Multi-Cultural Business Conference, but “the primary purpose … for most participants appeared to be to take a vacation,” said the NLPC. And not only was the timing lousy, but “corporate sponsorship of such an event was banned by House rules adopted on March 1, 2007, in response to the (lobbyist Jack) Abramoff scandal,” the group pointed out.
Joining Rangel on that trip were Donald Payne of New Jersey, Sheila Jackson-Lee of Texas, Carolyn Cheeks Kilpatrick of Michigan, Bennie Thompson of Mississippi and Donna Christenson, delegate from the U.S. Virgin Islands.
If they haven’t already, they should reimburse the taxpayers for all expenses related to that trip – and from their own funds, not from another taxpayer pocket.
Wake up America! The Senate just confirmed a tax cheat to lead the IRS!
Senate backs Geithner as Treasury secretary
The U.S. Senate on Monday backed Timothy Geithner to be Treasury secretary, setting aside misgivings about his failure to pay some taxes in light of his experience battling the financial crisis.
Geithner, 47, was expected to be sworn in quickly to help lead President Barack Obama’s efforts to stabilize a worsening economy. In coming weeks, he is expected to unveil reforms to the United States’ $700 billion financial bailout program to provide more support for housing and credit markets, and possibly a new effort to absorb troubled assets from banks.
Screw General Motors and Chrysler, if you need a new car, go out and buy a Ford.
Ford does not need U.S. government loans: CEO
Ford Motor Co has enough liquidity to fund its restructuring plan and despite the deep downturn in auto sales still sees no need to ask for government loans, Chief Executive Alan Mulally said on Saturday.
“We don’t want to borrow any more money. We have sufficient liquidity to fund our transformation plan, which means our business is in a relatively good shape,” Mulally told reporters on the sidelines of the National Automobile Dealers Association convention.