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Repub Wants Bailout Transparency

Mike

Well-known member
Boehner Wants Transparency on Bailout Money
By Steven T. Dennis
Roll Call Staff
November 12, 2008, 3:07 p.m.
House Minority Leader John Boehner (R-Ohio) took a whack at the Bush administration on Wednesday for failing to disclose all of the financial institutions that are getting emergency loans under the $700 billion bailout.

Boehner said the Treasury and Federal Reserve should comply with a Freedom of Information Act request into who is receiving taxpayer money, and “they must begin providing lawmakers and taxpayers all information about how they are using federal tax dollars.”

Boehner said the bipartisan negotiations behind the financial bailout package stressed the need for meaningful oversight of how the money was being spent.

“Transparency is even more important now, given that the program appears to have been implemented in some ways that were given little to no discussion as Congress was being urged to pass the rescue plan,” Boehner said.

Boehner’s comments came after Treasury Secretary Henry Paulson earlier Wednesday said that he had decided to scrap plans to buy up troubled mortgage assets — the original purpose of the bailout — in favor of making direct investments in financial institutions.

Boehner’s criticism comes as he is hoping to retain his Minority Leader post in the next Congress. Rep. Dan Lungren (R-Calif.) is the only other Member who has said he is weighing a bid. Both Boehner and Lungren supported the bailout, but most of the rank and file opposed it.


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Mike

Well-known member
kolanuraven said:
Too bad they didn't want to have transparency BEFORE now....but it's an excellent idea and I agree 100%

They would have if Pelosi and crew hadn't pushed it through so fast.

Shelby, one of my Senators, and ranking member of the banking Committee, asked time and again to take a step back, slow down, look at the big picture and do it right.

Hell no, Barney and Nancy, and whiney-ass Reid were hell bent on shoving down our throats.
 

kolanuraven

Well-known member
Mike said:
kolanuraven said:
Too bad they didn't want to have transparency BEFORE now....but it's an excellent idea and I agree 100%

They would have if Pelosi and crew hadn't pushed it through so fast.

Shelby, one of my Senators, and ranking member of the banking Committee, asked time and again to take a step back, slow down, look at the big picture and do it right.

Hell no, Barney and Nancy, and whiney-ass Reid were hell bent on shoving down our throats.


I've like Shelby for a long time...seems to be a smart man
 

Mike

Well-known member
kolanuraven said:
Mike said:
kolanuraven said:
Too bad they didn't want to have transparency BEFORE now....but it's an excellent idea and I agree 100%

They would have if Pelosi and crew hadn't pushed it through so fast.

Shelby, one of my Senators, and ranking member of the banking Committee, asked time and again to take a step back, slow down, look at the big picture and do it right.

Hell no, Barney and Nancy, and whiney-ass Reid were hell bent on shoving down our throats.


Shelby...seems to be a smart man

Yea, he switched from the Democrats to the "Right" side back in 1994.
 
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