Originally Posted by WhiplashDug

There should be no oversight... because there should be no bailout!
Fuck it! Let them all go backrupt.

AS SOON as you put more power in the hands of the GOV. it all gets fucked up! Thats what caused this in the first place! Fannie Mae and Freddie Mack! If they were not such massive - sudo-government financial entities, this WOULD HAVE NEVER HAPPENED!!!!

If you for ONE second think that democrats are on the side of the people... lol
Where were ALL THESE WONDERFUL DEMOCRATS in congress when an OVERSIGHT bill (S.190) was was brought up in 2005? Why did they ALL stand against it? Perhaps, their pockets were too heavily lined to support NEW REGULATORY RULES that could have stopped this entire thing!

And now... EVERYONE WANTS CONGRESS TO HAVE MORE OVERSIGHT??? into what?
WHAT IS OVERSIGHT going to do??? CONGRESS is the problem! Congress getting involved (fannie mae & freddie mack) is what caused this! It is CONGRESS that created a system in which Fannie & Freddie STUCK financial institutions with worthless high-risk debt!

This is freaking retarded! This bailout is freaking retarded! THE MORE power you give the Feds.. the WORSE off every American is.