[DeTomaso] What you COULD have done to help Detroit

Ken Green kenn_green at yahoo.com
Tue Dec 9 11:48:15 EST 2008


I don't think congress wanted to look too closley at the financial meltdown because Barney Frank and Chris Dodd were cheering the irresponsible loans on until the dam broke.  Typical mindless feel good politics, make sure everyone can get a mortgage even if they can't afford it.  And these clowns are still in office.
 
Ken

--- On Tue, 12/9/08, Tom Cabanski <tcabanski at tencom.com> wrote:

From: Tom Cabanski <tcabanski at tencom.com>
Subject: [DeTomaso] What you COULD have done to help Detroit
To: detomaso at realbig.com
Date: Tuesday, December 9, 2008, 7:59 AM

I have mixed feeling on this.
One thing that gets me is when Citibank needed a bailout there was no
problem handing over the money.
Their top executives were not called before congress and read the riot
act.
None of the financial institutions were put thru the ringer like the Big
3 have.
Tom
 
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