Friday, November 7

Taxpayers to pay prosecution AND defense of Mortgage Execs?

Taxpayers may pay legal bills for mortgage execs: Financial News - Yahoo! Finance
(thanks to Damian Kessler)

"Who'd have thought we might be on the hook for paying the defense costs when we're also paying the prosecution costs?" said Doug Heller, executive director of Consumer Watchdog, a Santa Monica, Calif.-based group that has been critical of the financial bailout packages. "To defend the economy from the havoc that's been created, we're going to defend the havoc creators?"

Just like taxpayers have been funding BOTH sides of most wars for many decades! We used to fund one side at a time: We armed the Taliban to fight the Russians in Afghanistan; now our soldiers fight the Taliban, still using the weapons we sent them. We now fund both sides at once: Obama: Our Oil 'Addiction' Funds 'Both Sides' of the War on Terror

Here's how both these multidegenerational changes are wrought: The worst and the wealthiest buy the most Congressional votes to increase militarization and to corrupt the rules of finance. This further strengthens the military-industrial complex and the financial tycoons, who buy up more Congressional votes to keep the vicious cycle going. Watch your country and planet flushed down the toilet!

The solution is still a potent check and balance on Congress: national ballot initiatives: Please vote to ratify the National Initiative for Democracy at, much as citizens ratified the Constitution at the Conventions when the 13 Legislatures wouldn't.

"The basis of our political systems is the right of the people to make and to alter their constitutions of government." --George Washington


Damian K. said...

I ran this by some of my co-workers and after the initial disgust, we came up with an idea. Since the government is footing the bill, why not let the acquisition of defense lawyers and their pay be done through the standard procurement process. The government could get a great deal by accepting the lowest bidder as per procurement guidelines. Sounds good to me don'tcha think?

Evan Ravitz said...

Good idea. I'll bid $1 to defend them and let them be convicted!