The head of a new Congressional panel set up to monitor the gigantic federal bailout says the government still does not seem to have a coherent strategy for easing the financial crisis, despite the billions it has already spent in that effort.Hoocoodanode?
Elizabeth Warren, the chairwoman of the oversight panel, said in an interview Monday that the government instead seemed to be lurching from one tactic to the next without clarifying how each step fits into an overall plan.
Hank Paulson is not trying to save anything but his friends and buddies back in Wall Street, and does not realize that much of that industry resembles a gangrenous limb, and requires amputation.
This is not just incompetence. It is incompetence and a complete unwillingness to do anything that might fix the problem, because that would make the high life style of the investment bankers largely obsolete.
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