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Where Are The Investigations?

After yesterday’s 504.48 drop in the Dow one needs to ask where are the government investigations into this mess. Why is it that Fannie Mae, Freddie Mac and Bear Stearns were saved while Lehman Brothers and AIG face bankruptcy? I doubt very much that it will ever happen because of who is most likely involved in this debauchery. None of these companies should have been saved, it’s not the government’s job to bail out financial institutions or any other type of business’ that trade on the stock market.
For those who are not aware the U.S. Treasury Secretary Henry “Hank” Paulson is the former CEO of Goldman Sachs. You can click on the link if you’re interested in reading his biography on Wikipedia Ironically it’s also the only firm that doesn’t seem to be having any dire issues of going down the tubes. He was also given a compensation package that can be considered absurd. On top of that, the Daily Telegraph was quoted in July 2008 saying “Treasury Secretary Hank Paulson has intimate relations with the Chinese elite, dating from his days at Goldman Sachs when he visited the country over 70 times.”
As for Chris Cox the Chairman of the Security Exchange Commission, Where was he when this crap started over a year ago? How come it’s gone on this far? I don’t know everything, but I would like to know more about this issue. Some people made a ton of money today when most of us lost big time, my self included. We might never find out who really benefited from it all.
What I found interesting was the fact that these two guys were put in power by George Bush in 2005 and 2006 at the height of the housing market, which is also right before the crap hit the fan (go figure).
If you guys have any insight or comments to this post, please do so. I’m sure there’s someone out there that knows more about this than me.

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