Sunday, September 21, 2008

Another letter to Congress

This email is regarding the proposed legislation to bail out the financial markets. I appreciate that there may be no good options, and that avoiding moral hazard here may lead to unacceptable impact on "Main St."

But with this administration's poor record of following the rules (Justice Dept for example), and with news of bankrupt Lehman keeping $2.5B for their best and brightest, the Congress should NOT be issuing blank checks and retroactive pardons to those raiding the taxpayers' pockets (however necessary the raiding).

There has been too much unaccountability already.

Please insist on the Congress and courts' proper role of oversight and review.

No comments: