Which Party has the most Convictions and Bailouts in their cabinet? GOP the party of bailouts~

Eaglewings

Eaglewings

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The Republicans !

Well, most of us have seen the love affair that the GOP has with Reagan while at the same time try to forget that George W. Bush or Nixon were our presidents ..:eek:

Every presidency has corruption but the lists of Corruption in the GOP cabinet and Bailouts win the jackpot ..

to name a few:

Well we all know about Nixon ( R) won't waste my time..


Ronald Reagan (R) suffered from Alzheimer's , he was clearly showing signs of that within his cabinet, who then took advantage of him.

:deal:

Ronald Reagan was marked by multiple scandals, resulting in the investigation, indictment, or conviction of over 138 administration officials,
the largest number for any U.S. president. <.<< until Bush of coarse

Reagan administration scandals - Wikipedia

Reagan
Savings and loan crisis in which 747 institutions failed and had to be rescued with $160 billion in tax payed dollars


George W Bush ( R ) now knows how his cabinet picked by the GOP screwed him, and then threw him under the bus.
I actually feel sorry for Bush.


Bush : too many to list...link >>>
https://en.wikipedia.org/wiki/Category:George_W._Bush_administration_controversies
The following 176 pages are in this category, out of 176 total. This list may not reflect recent changes
Pages in category "George W. Bush administration controversies"

The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L. 110–343, 122 Stat. 3765, enacted October 3, 2008), commonly referred to as a bailout of the U.S. financial system, is a law enacted in response to the subprime mortgage crisis authorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed asset




kmaM3e2cm0n5Gpf0KN-fkbjFV2Uv4XFe8r02mGjQ-bNm-VqrgfOM2xcQpK6cjUzWr6Ls4BEnqIHPuRNPvjyauQvZAOPyrjo6mz2Nlezf5NImWb6m6v47Xarx=w400-h266-p-k-rw




https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008
List of American federal politicians convicted of crimes - Wikipedia
Category:George W. Bush administration controversies - Wikipedia
 
While they are bad about it, you are completely ignoring voting records and much more. Look at TARP 86 more democrats than repubs voted for it.
Im sure I could cherry pick history and make hitler look like a communist but we all know it isn't true :D
 
Obama = "auto bailout was the right thing to do"
The democrat corporatist said that right after he knew we lost 11B and all GM did was invest overseas.
 
I love the smell of bitter, butt-hurt snowflakes in the morning...and in the afternoon. :p
 
TNHarley said:
Obama = "auto bailout was the right thing to do"
The democrat corporatist said that right after he knew we lost 11B and all GM did was invest overseas.
Click to expand...

Yep and he left the American taxpayer holding the bag. GM and Chrysler will never pay that money back.
 
The bailouts were utterly bipartisan, just like all the rest of it. Anyone clinging to any party or ideological fantasy about "sides" at this point is etiher in denial or terminally dilusional. The power structure needs the masses to turn on themselves, and we have. "The people" present no check/balance/counterweight on concentrated power and wealth.
 
TNHarley said:
While they are bad about it, you are completely ignoring voting records and much more. Look at TARP 86 more democrats than repubs voted for it.
Im sure I could cherry pick history and make hitler look like a communist but we all know it isn't true :D
Click to expand...

Hitler was more of a democrook. He was a nanny statist, racist, vegetarian, queer, and a wanna be artist.


 
Claudette said:
TNHarley said:
Obama = "auto bailout was the right thing to do"
The democrat corporatist said that right after he knew we lost 11B and all GM did was invest overseas.
Click to expand...

Yep and he left the American taxpayer holding the bag. GM and Chrysler will never pay that money back.
Click to expand...

Difficult to know. I mean we could look up links, but hey, folks only "believe" the "info" they wish to see/hear.
 
Pete7469 said:
TNHarley said:
While they are bad about it, you are completely ignoring voting records and much more. Look at TARP 86 more democrats than repubs voted for it.
Im sure I could cherry pick history and make hitler look like a communist but we all know it isn't true :D
Click to expand...

Hitler was more of a democrook. He was a nanny statist, racist, vegetarian, queer, and a wanna be artist.
Click to expand...


And he was an asshole.


 
Eaglewings said:
The Republicans !

Well, most of us have seen the love affair that the GOP has with Reagan while at the same time try to forget that George W. Bush or Nixon were our presidents ..:eek:

Every presidency has corruption but the lists of Corruption in the GOP cabinet and Bailouts win the jackpot ..

to name a few:

Well we all know about Nixon ( R) won't waste my time..


Ronald Reagan (R) suffered from Alzheimer's , he was clearly showing signs of that within his cabinet, who then took advantage of him.

:deal:

Ronald Reagan was marked by multiple scandals, resulting in the investigation, indictment, or conviction of over 138 administration officials,
the largest number for any U.S. president. <.<< until Bush of coarse

Reagan administration scandals - Wikipedia

Reagan
Savings and loan crisis in which 747 institutions failed and had to be rescued with $160 billion in tax payed dollars


George W Bush ( R ) now knows how his cabinet picked by the GOP screwed him, and then threw him under the bus.
I actually feel sorry for Bush.


Bush : too many to list...link >>>
https://en.wikipedia.org/wiki/Category:George_W._Bush_administration_controversies
The following 176 pages are in this category, out of 176 total. This list may not reflect recent changes
Pages in category "George W. Bush administration controversies"

The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L. 110–343, 122 Stat. 3765, enacted October 3, 2008), commonly referred to as a bailout of the U.S. financial system, is a law enacted in response to the subprime mortgage crisis authorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed asset




kmaM3e2cm0n5Gpf0KN-fkbjFV2Uv4XFe8r02mGjQ-bNm-VqrgfOM2xcQpK6cjUzWr6Ls4BEnqIHPuRNPvjyauQvZAOPyrjo6mz2Nlezf5NImWb6m6v47Xarx=w400-h266-p-k-rw




https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008
List of American federal politicians convicted of crimes - Wikipedia
Category:George W. Bush administration controversies - Wikipedia
Click to expand...
Which party has the largest number of impeached presidents?
 
Fenton Lum said:
The bailouts were utterly bipartisan, just like all the rest of it.
Click to expand...
Are we talking the bailouts in Obama's Stimulus Bill, the one the near-super majority Control of Congress Dems and Obama rammed the ACA den the throats of Americans, the one that contained 7,000 piece of liberal-only pork, cost nearly $1 trillion, and ended up costing $774,000 PER JOB Obama claimed to have saved / created?



"The bailouts of General Motors and Chrysler have been held up by President Obama and his supporters as a great success story — proof that, by working together, government and business can save jobs and strengthen the economy. But this popular narrative is dangerously misleading. Far from a success story, the events surrounding the bailouts offer a cautionary tale of executive overreach. And their example clarifies the Obama administration's broader approach to economic policy — an approach that is both harmful to economic growth and dangerous to the rule of law.

In truth, however, the use of TARP funds to bail out GM and Chrysler most likely violated the law. The Troubled Asset Relief Program authorized the secretary of the Treasury "to purchase...troubled assets from any financial institution, on such terms and conditions as are determined by the Secretary"; the law also gave the Treasury secretary power "to take such actions as the Secretary deems necessary to carry out the authorities" in the legislation. As Boston University law professor Gary Lawson noted in the Harvard Journal of Law & Public Policy last year, the boundaries set on the use of these funds were so vague and so loose as to produce something approaching a slush fund for the Treasury. And yet, loose as it was, the TARP legislation did not permit the use of the allotted funds to bail out automakers. The car companies, after all, were not "financial institutions."

"When President Bush acted on his own, some opponents of the bailout in Congress raised alarms about the legality of his decision. A group of 26 irate Republican lawmakers sent a sharp letter to the president complaining that "Congress never voted for a federal bailout of the automobile industry, and the only way for TARP funds to be diverted to domestic automakers is with explicit congressional approval." Supporters of the bailout kept mum about the question of legality."




It was illegal when Bush did it on his own - it was illegal when Obama did it.
 
easyt65 said:
Fenton Lum said:
The bailouts were utterly bipartisan, just like all the rest of it.
Click to expand...
Are we talking the bailouts in Obama's Stimulus Bill, the one the near-super majority Control of Congress Dems and Obama rammed the ACA den the throats of Americans, the one that contained 7,000 piece of liberal-only pork, cost nearly $1 trillion, and ended up costing $774,000 PER JOB Obama claimed to have saved / created?



"The bailouts of General Motors and Chrysler have been held up by President Obama and his supporters as a great success story — proof that, by working together, government and business can save jobs and strengthen the economy. But this popular narrative is dangerously misleading. Far from a success story, the events surrounding the bailouts offer a cautionary tale of executive overreach. And their example clarifies the Obama administration's broader approach to economic policy — an approach that is both harmful to economic growth and dangerous to the rule of law.

In truth, however, the use of TARP funds to bail out GM and Chrysler most likely violated the law. The Troubled Asset Relief Program authorized the secretary of the Treasury "to purchase...troubled assets from any financial institution, on such terms and conditions as are determined by the Secretary"; the law also gave the Treasury secretary power "to take such actions as the Secretary deems necessary to carry out the authorities" in the legislation. As Boston University law professor Gary Lawson noted in the Harvard Journal of Law & Public Policy last year, the boundaries set on the use of these funds were so vague and so loose as to produce something approaching a slush fund for the Treasury. And yet, loose as it was, the TARP legislation did not permit the use of the allotted funds to bail out automakers. The car companies, after all, were not "financial institutions."

"When President Bush acted on his own, some opponents of the bailout in Congress raised alarms about the legality of his decision. A group of 26 irate Republican lawmakers sent a sharp letter to the president complaining that "Congress never voted for a federal bailout of the automobile industry, and the only way for TARP funds to be diverted to domestic automakers is with explicit congressional approval." Supporters of the bailout kept mum about the question of legality."




It was illegal when Bush did it on his own - it was illegal when Obama did it.
Click to expand...

LOL...leave it to Easy ( Too Easy ) to plaster it on Obama..yes Obama bailed people out , but read the links
History of U.S. Gov’t Bailouts

Cases
Bailout - Wikipedia
 
Eaglewings said:
easyt65 said:
Fenton Lum said:
The bailouts were utterly bipartisan, just like all the rest of it.
Click to expand...
Are we talking the bailouts in Obama's Stimulus Bill, the one the near-super majority Control of Congress Dems and Obama rammed the ACA den the throats of Americans, the one that contained 7,000 piece of liberal-only pork, cost nearly $1 trillion, and ended up costing $774,000 PER JOB Obama claimed to have saved / created?



"The bailouts of General Motors and Chrysler have been held up by President Obama and his supporters as a great success story — proof that, by working together, government and business can save jobs and strengthen the economy. But this popular narrative is dangerously misleading. Far from a success story, the events surrounding the bailouts offer a cautionary tale of executive overreach. And their example clarifies the Obama administration's broader approach to economic policy — an approach that is both harmful to economic growth and dangerous to the rule of law.

In truth, however, the use of TARP funds to bail out GM and Chrysler most likely violated the law. The Troubled Asset Relief Program authorized the secretary of the Treasury "to purchase...troubled assets from any financial institution, on such terms and conditions as are determined by the Secretary"; the law also gave the Treasury secretary power "to take such actions as the Secretary deems necessary to carry out the authorities" in the legislation. As Boston University law professor Gary Lawson noted in the Harvard Journal of Law & Public Policy last year, the boundaries set on the use of these funds were so vague and so loose as to produce something approaching a slush fund for the Treasury. And yet, loose as it was, the TARP legislation did not permit the use of the allotted funds to bail out automakers. The car companies, after all, were not "financial institutions."

"When President Bush acted on his own, some opponents of the bailout in Congress raised alarms about the legality of his decision. A group of 26 irate Republican lawmakers sent a sharp letter to the president complaining that "Congress never voted for a federal bailout of the automobile industry, and the only way for TARP funds to be diverted to domestic automakers is with explicit congressional approval." Supporters of the bailout kept mum about the question of legality."




It was illegal when Bush did it on his own - it was illegal when Obama did it.
Click to expand...

LOL...leave it to Easy ( Too Easy ) to plaster it on Obama..yes Obama bailed people out , but read the links
History of U.S. Gov’t Bailouts

Cases
Bailout - Wikipedia
Click to expand...
And yet none of that disproves my point that the Bailouts of companies by Bush AND Barry ON THEIR OWN without Congressional action was ILLEGAL.
 
easyt65 said:
Eaglewings said:
easyt65 said:
Fenton Lum said:
The bailouts were utterly bipartisan, just like all the rest of it.
Click to expand...
Are we talking the bailouts in Obama's Stimulus Bill, the one the near-super majority Control of Congress Dems and Obama rammed the ACA den the throats of Americans, the one that contained 7,000 piece of liberal-only pork, cost nearly $1 trillion, and ended up costing $774,000 PER JOB Obama claimed to have saved / created?



"The bailouts of General Motors and Chrysler have been held up by President Obama and his supporters as a great success story — proof that, by working together, government and business can save jobs and strengthen the economy. But this popular narrative is dangerously misleading. Far from a success story, the events surrounding the bailouts offer a cautionary tale of executive overreach. And their example clarifies the Obama administration's broader approach to economic policy — an approach that is both harmful to economic growth and dangerous to the rule of law.

In truth, however, the use of TARP funds to bail out GM and Chrysler most likely violated the law. The Troubled Asset Relief Program authorized the secretary of the Treasury "to purchase...troubled assets from any financial institution, on such terms and conditions as are determined by the Secretary"; the law also gave the Treasury secretary power "to take such actions as the Secretary deems necessary to carry out the authorities" in the legislation. As Boston University law professor Gary Lawson noted in the Harvard Journal of Law & Public Policy last year, the boundaries set on the use of these funds were so vague and so loose as to produce something approaching a slush fund for the Treasury. And yet, loose as it was, the TARP legislation did not permit the use of the allotted funds to bail out automakers. The car companies, after all, were not "financial institutions."

"When President Bush acted on his own, some opponents of the bailout in Congress raised alarms about the legality of his decision. A group of 26 irate Republican lawmakers sent a sharp letter to the president complaining that "Congress never voted for a federal bailout of the automobile industry, and the only way for TARP funds to be diverted to domestic automakers is with explicit congressional approval." Supporters of the bailout kept mum about the question of legality."




It was illegal when Bush did it on his own - it was illegal when Obama did it.
Click to expand...

LOL...leave it to Easy ( Too Easy ) to plaster it on Obama..yes Obama bailed people out , but read the links
History of U.S. Gov’t Bailouts

Cases
Bailout - Wikipedia
Click to expand...
And yet none of that disproves my point that the Bailouts of companies by Bush AND Barry ON THEIR OWN without Congressional action was ILLEGAL.
Click to expand...


The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations in the United States from 1986 to 1995: the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989 and the Resolution Trust Corporation (RTC) closed or otherwise resolved 747 institutions from 1989 to 1995.
Causes
Deregulation

Same thing happened in the Bush term 20 years later....and we will see deregulation's in this administration, don't ya think..?


Major causes and lessons not learned
In 2005, Former bank regulator William K. Black listed a number of lessons that should have been learned from the S&L Crisis that have not been translated into effective governmental action:[15]

  1. Fraud matters, and control frauds pose unique risks.
  2. It is important to understand fraud mechanisms. Economists grossly underestimate its prevalence and impact, and prosecutors have difficulties finding it, even without the political pressure from politicians who receive campaign contributions from the banking industry.[16]
  3. Control fraud can occur in waves created by poorly designed deregulation that creates a criminogenic environment.
  4. Waves of control fraud cause immense damage.[17]
  5. Control frauds convert conventional restraints on abuse into aids to fraud.[18]
  6. Conflicts of interest matter.
  7. Deposit insurance was not essential to S&L control frauds.
  8. There are not enough trained investigators in the regulatory agencies to protect against control frauds.
  9. Regulatory and presidential leadership is important.
  10. Ethics and social forces are restraints on fraud and abuse.
  11. Deregulation matters and assets matter.
  12. The SEC should have a chief criminologist.
  13. Control frauds defeat corporate governance protections and reforms.
  14. Stock options increase looting by control frauds.
  15. The "reinventing government" movement should deal effectively with control frauds.
Savings and loan crisis - Wikipedia
 
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