During one of the worst financial crises, while Madoff was making his millions and Wall Street making its billions, senior SEC officials making over $200,000 per year were using government computers to watch porn over the internet!
Obama and the Democrats want to give them more regulatory authority and greater responsibility. So whether it’s “too big to fail,” bail out slush fund, consumer protection agency or general total control of financial services, regulatory incompetence is the issue.
Dodd and company ignore one of the primary causes of the financial debacle, Fannie and Freddie incompetence, and proceed to give more regulatory authority to our failing regulators.
We over pay government employees to watch porn while the financial system collapses. What’s not to like about big government? Thank you Hussein Obama.