I don’t normally agree with Congressperson Marilyn Musgrave on anything. But I do agree Congress shouldn’t let themselves get bent over a barrel by a bunch of spoiled Wall Street bankers. Or, for that matter, by President Bush, who could count on Daddy to bail him out when his businesses failed.
I’m curious about the demand for no judicial oversight. To me it suggests Wall Street business practices were not only unethical and fiscally irresponsible, but possibly illegal. Which is why I not only believe we should have an independent board overseeing whatever bailout plan passes, but that we should appoint former New York Governor Elliot Spitzer to lead that board.
Sure, Spitzer’s had some personal issues recently. But that also means he has free time on his hands, as well as a history of fighting Wall Street corruption and for the average American investor. Few people in Washington today have those kinds of credentials.
I’m curious about the demand for no judicial oversight. To me it suggests Wall Street business practices were not only unethical and fiscally irresponsible, but possibly illegal. Which is why I not only believe we should have an independent board overseeing whatever bailout plan passes, but that we should appoint former New York Governor Elliot Spitzer to lead that board.
Sure, Spitzer’s had some personal issues recently. But that also means he has free time on his hands, as well as a history of fighting Wall Street corruption and for the average American investor. Few people in Washington today have those kinds of credentials.
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