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Friday, January 09, 2009
Matt Towery :: Townhall.com Columnist
America Coddles Its Crooks and Con Artists
by Matt Towery
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Say you shoplift. You get handcuffed and tossed into a nasty jail cell. It happens every day, just about everywhere.

Say you commit a really serious crime. It's likely your bond will be set at a price too steep to afford. You'll sit in jail until your case is heard.

But you're not the man who swindled billions of dollars from unsuspecting investors. Not the man who apparently violated the order that allowed him to live under "house arrest" in his luxury Manhattan home, even after he "gifted" over $1 million in jewels to close friends.

You're not Bernie Madoff, he of the special treatment. You're not the guy who has ruined families and triggered suicides.

Unbelievable. And Madoff isn't alone. Late last year, as America's financial system was near collapse, Congress put its political neck on the line and passed the Troubled Assets Relief Program. It was a $700-billion bailout supposedly designed to free up liquidity and help rescue financial institutions that were sinking under the weight of homeownership and other loans that had gone sour.

With at least a good portion of the first half of the TARP funds having already been distributed, the requirement that the funds be used to make good on bad loans has been dropped. The banks have done little if any lending to individuals, small businesses or anyone else. Beyond that, many in the financial sector took home nice fat bonuses, as if the year had been a rousing success.

But the con games don't end with the banks.

After receiving billions of our hard-earned tax dollars in a bailout of Chrysler, we came to learn this week that the privately held company seems to believe that it has no duty to make its finances available to public scrutiny.

Unbelievable! To me, Chrysler is now a public corporation using public funds to keep going.

It gets worse. When Chrysler CEO Bob Nardelli was begging for a bailout from Congress and the White House, I don't recall him ever suggesting that $4 billion would only keep the company afloat for a month or so. Continued...

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About The Author
Matt Towery is a former National Republican legislator of the year and author of Powerchicks: How Women Will Dominate America.
 
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Madoff has no reason to worry.

All he needs to do is to stall, delay, stall and delay. This all could take years to work its way through the system.

He problably already has in place an escape where he leaves the country.

Then, just like Marc Rich did with Bill Clinton, he will donate to the Obama Library and get a full pardon.

Liberals support pardons for scam artists.

How can you blame Obama for anything?
He hasn't worked a single day, just massive amounts of promises to give everything away for free. I personnally despise Obama but the real origination of cause is Barney Frank, Chris Dodd, George Bush, the Senate in general, Harry Reid and Nancy Pelosi in particular, et al. They put us here after promising to be the saviours of our country during the last congressional election. Now they are giving the TARP handout to Barney and his crew; YOU HAVE TO BE KIDDING ME!!!
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