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Tag Archives: bad mortgages
It’s heartening to see national attention being paid to the campaign of Sean Bielat but the battle is far from over. Barney Frank, along with Crook Dodd, has paralyzed our economy and only a handful of Massachusetts voters are able to vote him into retirement. I live in Massachusetts but still can’t cast a vote in favor of Sean Bielat – businessman, Marine and responsible conservative. What the rest of us can do, however, is to send a few bucks to Sean’s campaign to help him continue rallying the entire 4th District of Massachusetts to stand up for our country. Please take some time and visit the Retire Barney website and make whatever contribution you can afford.
Scott Brown’s win was great, but this will be the perfect exclamation point and will send a clear message back to Washington that fiscal conservatives are alive and well in this country. It’s time for the grown-ups to take back control of “the house” from the children.
First of all, Happy Saint Patrick’s Day to all my fellow Irish-Americans!
Do you think we can get Saint Patrick to drive the snakes out of AIG? Of course, the “geniuses” in Washington are ultimately the ones who simply handed over our money with no oversight so, while he’s at it, he can drive the snakes out of Washington as well.
Did you hear the comments from Sen. Charles Grassley? “The first thing that would make me feel a little bit better towards them if they’d follow the Japanese model and come before the American people and take that deep bow and say I’m sorry, and then either do one of two things — resign, or go commit suicide,” Grassley (R-Iowa) said on an Iowa radio station, WMT, a clip repeated on a Washington news station, WTOP.
AIG would have failed if not for American taxpayer money, therefore; the executives would not only be out of a job but would not be receiving any kind of bonus. Take back the bonus money (that was covertly distributed over the weekend) and FIRE them all. Bring in smart, honest, hardworking Americans who will run AIG the same way they run their own conscientious lives. Obviously, these egotistical bankers still think the rules don’t apply to them. It’s time to give them a much deserved introduction to the real world.
What do you think would happen if you ran your business with absolute reckless disregard for ethics or the law, with greed as your only motivator? Would you be able to sleep at night? What if the government found out? They could close your business, or worse, send you to jail, right?
Wrong. The government could simply let you take your money and walk away with no penance so you can start another venture where you’ll profit from your previous illegal/immoral business deals.
Any executive involved in the mortgage meltdown should be banned from profiting in any way from their criminal behavior. The government should use the bailout money to run this very type of business and let the American taxpayers profit from foreclosed homes and not the serial crooks responsible for toppling the global economy.
The New York Times published an article yesterday about this very scenario, invovling former executives the dirtiest of all lenders in the real estate shell game, Countrywide. You can read this article in it’s entirety here.
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This video only illustrates the result of arrogance and recklessness on the part of the House Financial Services Committee, headed by Barney Frank. Although the banks are complicit in these acts of predatory lending, our government devised and promoted a culture that rewarded criminal behavior.
Now, the Obama administration is taking these crooks at their word as they shovel our tax money into their pockets without even the slightest hint of government oversight. It’s simply more of the same and we can’t afford to be silent anymore.