With that being said, Obama promised “change” and his administration’s involvement in the executive compensation exemption and attempt to hide their involvement is hardly the kind of change he promised.

Here is a link to a good Salon post on this issue. Yes, I know you normally don’t read anything from Salon because you assume anyone that doesn’t agree 100% with your ideology is a lair, but you really ought to read this piece because it actually says what you want to hear. http://www.salon.com/opinion/greenwald/2009/03/17/dodd/index.html

By taking ownership, the US Govm’t is now insuring Europe and the rest of the world against failure. You – the US Taxpayer – is now insuring the rest of the world against failure.

Insurance depends on recieving premiums first – the taxpayers have recieved nothing but liabilities. This is a deal in which the US taxpayer is *GUARANTEED* to lose. There is no possible set of circumstances in which this works out well for taxpayers – which is why the only viable course of action for the government is to continue to lie about just how big the liabilities are.

And look at Europe – they are in worse shape than we are, and their institutions are continuing to fail. US Taxpayers are now on the hook for ALL of the failures world wide!!!

How long do you think you can keep paying this bill???

I would be hard to disappear.

I hope.

“AIG Europe says that it provides insurance to more than 85 percent of the European companies on the European FT 500,”

So if AIG failed, so would Europe.

The reason Citi, Bank of America and Wells Fargo had an upswing is that they are charging their customers extremely high interest rates. They should NOT be patted on the back for this. They are a big part of the problem with the economy doing this.

Similarly, two weeks ago, Citi was said to be “in very bad shape.” This bad shape was the reason for another infusion of bailout money in February. Their stock price below $1.25 per share. And, now suddenly, Citi reports a $6.8B profit for January and February. Both Bank of America and Wells Fargo are hinting at similar good news on their balance sheets. (A pal at WF has said they’re still working lots of overtime like it was last October.) Something is not right. Also, the Bush DOJ had begun a criminal inquiry in December/January to determine who began the electronic run of $550B last September. Since the change in administration, the investigation seems to have fallen out of sight.

Plenty of “hmmm …” at play.

**************

Does anyone know anything about this investigation?

I believe Dodd is in serious trouble with his voters. Thankfully, he isn’t likely to be around after his current term expires. There is plenty of grease already on that rail out of Washington.

The Democrats better do their damage while they still can because they aren’t long for being in control in DC.