Comments on: Audit: Bailout Oversight Woefully Lacking

GAO Report Says There's No Way Of Knowing How Bailed Out Banks Are Spending Taxpayer Money

[inketolstoy]

"Excuse me, but I had an accident last year and have been in a comma since then. I just came out of the comma today."

Welcome back. Though if I were you , this isn''t were I would spend my first day out of a coma. I''d probably put a steak on the grill, read a newspaper and make a (short) list of how the world has changed in the past year.

[excoachken]

Oversight: Nothing Bush ever worried about in the past, so why would you think he would be concerned now?

[grandesign]

Excuse me, but I had an accident last year and have been in a comma since then. I just came out of the comma today.
Posted by BuckSCC at 02:20 AM : Dec 03, 2008

,,,,,,,,, ,,,,,,, ,,,,,, watch out, those commas can me deadly.

Just don''t go into a coma.

[grandesign]

The demand for the expensive eloquent ($250,000 ) homes are at a high while the supply for expensive eloquent homes are low.
Posted by buckscc at 02:24 AM : Dec 03, 2008

In Los Angeles, $250K won''t buy you anything eloquent. I won''t even buy you half a condo.

[grandesign]

"But the 72-page report was bound to feed congressional concern that banks and other institutions are not being properly monitored and are not using the money to increase lending."

Can''t we just trust them? They haven''t lied to us lately have they?

[ramos937]

I am confused. About $350 billion has been disbursed to the banks for lending purposes but this has not occured. The big 3 need to restructure their loans and more funds. Yet the banks remain above the fray.
Why not tell the banks either make these loans or give the money back?

[buckscc]

Only in America! Part Two

No longer does a poor low wageworker have to live in an affordable ($100,000) house when they can now live in an eloquent ($250,000+) house (thank god for the illegal workers and the friendly people at the local Finance Companies). Now, when your neighbor (the Jones) buys and moves into an expensive eloquent home, you can too. We all can %u201CMove On Up!%u201D We are Americans and we deserve it!

Nobody wants to be known that they live in an affordable home (like they grew up in) anymore. This is American for Gods sake! We are better than that!

Now young newlyweds with a child on the way don%u2019t have to settle for a %u201CStarter Home%u201D like their parents bought whey were young. This is American for Gods sake! We are better than that!

The demand for the expensive eloquent ($250,000 ) homes are at a high while the supply for expensive eloquent homes are low. So our poor underpaid developers are meeting the demands of the American citizens buy building more and more expensive eloquent ($250,000) homes. Why, this is America, where everyone can have the American Dream (without worrying about having to pay for it).

Only in America!

[buckscc]

Only in America! - Part One

Excuse me, but I had an accident last year and have been in a comma since then. I just came out of the comma today.

Lets see, we need all those millions of low wage workers who are crossing our boarders to take those jobs that American citizens don%u2019t want to do (thinks they are too good to do). These lovable illegal workers are willing to work in the construction industry at a low pay (compared to the American Union Worker) in order to save the poor underpaid developers money so they can build more expensive eloquent ($250,000+) houses at a lower cost. (The affordable housing ($100,000) designs is being tossed out the window because the profits for building them are not as high as for building the high priced executive homes and no American wants to live in an affordable home anymore.)

Mean while the opportunity for investors to buy a house and flip (resell it for a high profit after investing only a few thousands of dollars in improvements) it within a few days is an every day pastime for even the average person.

[krisd999-2009]

Taking our taxes just to lend it back to us at interest!. Sounds like a criminal scam at the highest levels of government. We need tar and feathers for our "representatives".

[ozarkbard]

NO BAILOUTS! LET THEM FALL!

[tincup356]

Economic disaster has been brought on by a massive attack on the middle class,,,,by white collar ,suit and tie terrorists,loyal to the lobby dollar and traitors to the people that elected them...our Congress.You would think they would want to keep 20 million middle class Americans a little happier,,but look at what they are losing.401k''s,homes,jobs,and for many years now , not represented by the people they voted into office.With 80,000 Americans being foreclosed on each month, it wont take long before we have a homeless problem greater than anyone could imagine.Congress simply does not care, either party.Start playing the Beatles "say ya wanna a revolution".

[clovisbuford]

Congress pushed oil prices up sky high in the US by constricting domestic production which hurt the American auto makers badly.
Congress caused further problems for the American auto industry by threatening to legislate the electric car fiasco.by jowand at 08:06 PM : Dec 02, 2008 really you should put some google fu on these statements ,or wikki kwando. and seriously ask yourself if you are that delusioinal .

[clovisbuford]

Congress authorizes and spends the money, always been that way doesn''''t matter which party is running things.
Congress was the one that authorized the 700 billion with no rules, just business as usual
Posted by jowand at 08:14 PM : Dec 02, 2008 merr actuallly congress balked at that , both parties . as did the american people , the GAO just said the government (bush secretary pasulsen was ignoring it ) jowansd it is a bush appointee , pushing this (paulson, in charge) .. let us know when they bear an ounce of responsibility , from the "personal responsibility " party ,your president is in charge till 1/20/09 , your treasury secretary cutting the agreements . step up jowand take personal responsibility .

[clovisbuford]

Congress pushed oil prices up sky high in the US by constricting domestic production which hurt the American auto makers badly.
Congress caused further problems for the American auto industry by threatening to legislate the electric car fiasco.
Congress got involved with the mortgage business in order for dead beats to get mortgages by lying on applications, with no required checks and balances to verify applications.
Everytime Congress, doesn''''t matter which party, gets involved interfering with the private sector things go south.
Posted by jowand at 08:06 PM : Dec 02, 2008
err reality has no basis in your world . lets talk commoditities markets , the stock ,market tanks , hedge funds retract , the inveastments firms retract , and the commoddities markets , oil falls 75% .. oil demand fall that low? ..copper goes from 4.50 a lb to 1.20 .. demand fall 2/3 .. hell no .. speculative money left the market .whats your answer its obvious its not a free market or transparent that is manipulated by the wealthy and not subject to oversight ..its congress''s fault , you keep calling government the problem , and they are ,lack of oversight is a problem . congress passing laws benefitting them without oversight is a problem, you seem not to see that , jowand ..

[likenoone-2009]

Depression keep printing

[jediservant]

Can you say "Tax Revolt"?

[yeswedid]

And now we are going to just dole out another $18 billion to the auto industry, with I''m sure as much ''oversight''. How about they just doled out the measly $100,000 it took for me to save my house from foreclosure, like millions of other Americans. This is just an unfathomable travisty.

[yeswedid]

Frankly, the only thing I''''m amazed at regarding the so-called ''''financial crisis'''' is that taxpayers still haven''''t organized a honest-to-god march on Congress--Steamed2
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I totally agree!!!! Where is everyone?! This article does not surprise me one bit; just a slight oversight my arse. HOW MUCH MORE B.S. CAN WE BE FED?

[jowand]

The Bush administration.

Posted by demswin08 at 06:14 PM : Dec 02, 2008

Congress authorizes and spends the money, always been that way doesn''t matter which party is running things.
Congress was the one that authorized the 700 billion with no rules, just business as usual.

[jowand]

Congress was tasked with setting up an oversight committee, so far there are only 2 members on it Paulsen and Baranke.
Congress allowed Paulsen to hand out money and not have to tell how much, when and who got it.
Congress pushed oil prices up sky high in the US by constricting domestic production which hurt the American auto makers badly.
Congress caused further problems for the American auto industry by threatening to legislate the electric car fiasco.
Congress got involved with the mortgage business in order for dead beats to get mortgages by lying on applications, with no required checks and balances to verify applications.
Everytime Congress, doesn''t matter which party, gets involved interfering with the private sector things go south.
These are the same collection of generational lying idiots who have all but Social Security down the sewer.
Yet we keep putting these same lying con artists back into office year after year, several for over 30 years one at 40 years and one at 50 years in office.