Comments on: Barney Frank “WAAAAAAH, Paulson is using the authority I wrote into the bill” http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/ Firedoglake weblog Wed, 25 Nov 2009 02:39:31 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Ian Welsh http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1707170 Ian Welsh Sat, 01 Nov 2008 11:36:51 +0000 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1707170 <p>I’ve criticized Paulson plenty, as you know, since you read my posts. However, there is no excuse for Barney handing him the authority on a silver platter, which is what he did. After 8 years of Bush, Barney has no excuse, no authority the administration has ever been given it did not abuse. Barney could have written a much tighter bill, and many of us, myself included, told him how to. For him to now whine about Paulso using the authority Barney gave him is worthy of nothing but the most searing of contempt.</p> <p>I’m tired of folks making excuse for Democrats who hand power to Bush cronies then act surprised when they use it in bad ways. It’s no longer excusable, if it ever was, at this point it makes them 100% complicit in whatever they do, an accessory to the crime.</p> I’ve criticized Paulson plenty, as you know, since you read my posts. However, there is no excuse for Barney handing him the authority on a silver platter, which is what he did. After 8 years of Bush, Barney has no excuse, no authority the administration has ever been given it did not abuse. Barney could have written a much tighter bill, and many of us, myself included, told him how to. For him to now whine about Paulso using the authority Barney gave him is worthy of nothing but the most searing of contempt.

I’m tired of folks making excuse for Democrats who hand power to Bush cronies then act surprised when they use it in bad ways. It’s no longer excusable, if it ever was, at this point it makes them 100% complicit in whatever they do, an accessory to the crime.

]]> By: newtonusr http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706926 newtonusr Sat, 01 Nov 2008 04:53:13 +0000 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706926 <p>If I might…<br /> Because Barney Frank was elected to represent a Congressional district, is answerable to that district, and has a lot to answer for in that district (and a lot of other districts it seems to me), whereas Paulson is answerable to Chimpy (’cause Congress, and Barney Frank in particular, didn’t sack-up when it came to accountability).<br /> Sorry Ian.</p> If I might…
Because Barney Frank was elected to represent a Congressional district, is answerable to that district, and has a lot to answer for in that district (and a lot of other districts it seems to me), whereas Paulson is answerable to Chimpy (’cause Congress, and Barney Frank in particular, didn’t sack-up when it came to accountability).
Sorry Ian.

]]> By: MarkH http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706925 MarkH Sat, 01 Nov 2008 04:47:19 +0000 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706925 <p>Why not reserve some of your ire for Paulson? Why pile on Barney?</p> Why not reserve some of your ire for Paulson? Why pile on Barney?

]]> By: acquarius74 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706891 acquarius74 Sat, 01 Nov 2008 03:48:10 +0000 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706891 <p>Hey, Boo.</p> <p>I didn’t express my problem very well. I have mastered the DIGG process. My problem is that I can’t get the word DIGG to be blue in my comments.<br /> I click on the “link” icon in the bar above before I type DIGG, but the result is that even the word disappears from my comment. </p> <p>Thanks, Boo.</p> <p>scout</p> Hey, Boo.

I didn’t express my problem very well. I have mastered the DIGG process. My problem is that I can’t get the word DIGG to be blue in my comments.
I click on the “link” icon in the bar above before I type DIGG, but the result is that even the word disappears from my comment.

Thanks, Boo.

scout

]]> By: BooRadley http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706871 BooRadley Sat, 01 Nov 2008 03:29:23 +0000 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706871 <p>Not sure if this is any help. You have to register with Digg. It’s a pretty painless process. Then you can digg/vote for/recommend the post.</p> Not sure if this is any help. You have to register with Digg. It’s a pretty painless process. Then you can digg/vote for/recommend the post.

]]> By: masaccio http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706656 masaccio Sat, 01 Nov 2008 01:01:16 +0000 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706656 <p>There was a way for Paulson to get what he wanted from the cash injections: he could have written covenants into the instrument creating the security Treasury was buying. WE said that over and over here. How hard would it have been to insist on covenants that would enable Treasury to convert the stock into a huge amount of voting stock if certain financial levels were not met. The levels could include a certain amount of new loans. Or a huge reduction of dividends and pay to insiders if the amount of mortgage restructuring meeting the requirements of Sheila Bair’s idea did not occur. </p> <p>There is no limit to the imagination in crafting these covenants.</p> There was a way for Paulson to get what he wanted from the cash injections: he could have written covenants into the instrument creating the security Treasury was buying. WE said that over and over here. How hard would it have been to insist on covenants that would enable Treasury to convert the stock into a huge amount of voting stock if certain financial levels were not met. The levels could include a certain amount of new loans. Or a huge reduction of dividends and pay to insiders if the amount of mortgage restructuring meeting the requirements of Sheila Bair’s idea did not occur.

There is no limit to the imagination in crafting these covenants.

]]> By: steelhead http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706633 steelhead Sat, 01 Nov 2008 00:44:53 +0000 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706633 <p>LOL. It’s the battle cry of the ethically challenged as well.</p> LOL. It’s the battle cry of the ethically challenged as well.

]]> By: CTuttle http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706628 CTuttle Sat, 01 Nov 2008 00:42:04 +0000 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706628 <p>Heh, I won’t! Unfortunately, Hawaii has no lotto’s I could’ve tried…! ;-)</p> Heh, I won’t! Unfortunately, Hawaii has no lotto’s I could’ve tried…! ;-)

]]> By: punaise http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706624 punaise Sat, 01 Nov 2008 00:35:52 +0000 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706624 <p>CT, I bought a lotto ticket on a lark. If I win big, you’re not moving.</p> <p>(don’t hold your breathe, however)</p> CT, I bought a lotto ticket on a lark. If I win big, you’re not moving.

(don’t hold your breathe, however)

]]> By: CTuttle http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706622 CTuttle Sat, 01 Nov 2008 00:34:32 +0000 http://firedoglake.com/2008/10/31/barney-frank-waaaaaah-paulson-is-using-the-authority-i-wrote-into-the-bill/#comment-1706622 <p>Heh, I wish! Thanks ya’ll! You’re all the greatest! *g*</p> Heh, I wish! Thanks ya’ll! You’re all the greatest! *g*

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