As a child my parents always said, "birds of a feather, flock together" which even transcends into the corporate and political realms.
This is a fundamental component of the government's acquiescence by allowing the big banks to continue to operate after they have created a financial whirlwind. Why can't we just wipe the slate clean and jail the SOBs who put our country in this financial mess? No one should be spared - everyone including the top dogs making the TOXIC decisions (bundling and selling loans without proper due diligence) to the guy who fraudulently took out the NINJA mortgage.
The answer gets a little sticky, you see, because Geithner and Obama seem to have the same friends at the Big Banks that need the bailouts.
So instead of getting rid of the poor decision makers, the American taxpayer is on the hook for their toxic mess (by effectively guaranteeing 90% of a toxic asset) in addition to the TARP bail out.
Now that's the Obama WAY!
TERRY TEACHOUT: 25 Record Albums That Changed My Life…. - TERRY TEACHOUT: 25 Record Albums That Changed My Life.
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