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24 January 2008
The Late Great Dodd has just discovered this subprime mortgage issue. Evidently they don’t have telephones or TVs in Iowa. 
As Chairman of the Senate Banking Committee this is supposed to be the type of stuff he is looking out for, you know global meltdowns of credit and banking markets, that sort of thing.
Newly freed from his windmill quest, he has discovered the realm is in danger.
And of course it involves a government buyout, only 10 to 20 Billion (what’s 10 billion among friends?) is required. And you and I will make things right, or at least pay for it.
Here is what I find very amusing, the Democrats are very in favor of increased Government oversight of business and Wall Street, it is a central theme of Hill and Barack and Democrats in general. It is the us versus them thing. And of course this subprime thing never would have happened if we had good government and good effective oversight.
Well, Dodd was and is Chairman of the Senate Banking Committee and Hillary is supposedly a big wheel in New York and Wall Street is in New York, somehow this subprime thing escaped them.
If you want greater oversight and more effective government, you have to show up for work!
Maybe we as the owners of the government should demand greater oversight of our employees. How about mandatory attendance? They could use it and so could we.
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