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Clip of Mike Muscat on "NCIS: Naval Criminal Investigation Service"
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The Bush administration has already handed out almost half of the $700 billion in bank bailout money authorized by Congress but has not even filled the mandated oversight positions to review how it is being used.
Naomi Klein, author of The Shock Doctrine: The Rise of Disaster Capitalism, has described the handling of the bailout as borderline criminal because of this and other problems. Klein spoke to Amy Goodman of Democracy Now! on Monday to explain her accusations.
We were all reassured that there was going to be transparency, accountability, legality, Klein stated. But now were finding out that, in fact, Henry Paulson has achieved his original goal by stealth, because there is no accountability, and lawmakers are very hesitant to challenge this. Essentially, what the Bush administration has done is said, We dare you to challenge us and be responsible for the Great Depression
Klein sees three areas of borderline illegality. The first is that rather than being used to get banks lending again, the bailout money is instead going to bonuses, is instead going to dividends, going to salaries, going to mergers.
The second is that, without Congressional authorization, the Treasury Department pushed through a tax windfall for the banks, a piece of legislation that allows the banks to save a huge amount of money when they merge with each other. And the estimate is that this represents a loss of $140 billion worth of tax revenue for the US government.
The third problem, which...
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smooth alternative rock,hiphop and anything else that
takes their fancy.. FLC showing their versatility
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Shortly after Hurricane Katrina the law firm of Dennis Hernandez & Associates, PA kicked off a drive to gather necessary food, clothing, blankets and other goods for the victims. The products, so generously donated by the people of Florida were delivered and provided some comfort to those left with so little. Dennis Hernandez thanks all those who contributed for their great compassion.
Dennis Hernandez & Associates, PA. Personal Injury & Wrongful Death, Criminal Defense, Business Litigation Attorneys. Currently with offices in Tampa and Sarasota, Florida. www.dennishernandez.com, 1-888-878-4LAW
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Shortly after Hurricane Katrina the law firm of Dennis Hernandez & Associates, PA kicked off a drive to gather necessary food, clothing, blankets and other goods for the victims. The products, so generously donated by the people of Florida were delivered and provided some comfort to those left with so little. Dennis Hernandez thanks all those who contributed for their great compassion.
Dennis Hernandez & Associates, PA. Personal Injury & Wrongful Death, Criminal Defense, Business Litigation Attorneys. Currently with offices in Tampa and Sarasota, Florida. www.dennishernandez.com, 1-888-878-4LAW
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During the holidays, and all year long, be responsible and do not drink and drive. This PSA was produced and aired in late 2005 and early 2006. Think Before You Drink
Dennis Hernandez & Associates, PA. Personal Injury & Wrongful Death, Criminal Defense, Business Litigation Attorneys. Currently with offices in Tampa and Sarasota, Florida. www.dennishernandez.com, 1-888-878-4LAW
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