http://www.truthout.org/031609J:snip:
At the heart of the problem lies a government of large corporations, by large corporations and for large corporations. To illustrate the point, Senate Democrats are redrafting the foreclosure legislation in negotiations with the very financial institutions the bill is intended to rein in. Absent the support - read, "approval" - of the banks, the legislation will not pass.
Treasury Secretary Timothy F. Geithner put in a phone call to Edward M. Liddy, the government-appointed chairman of A.I.G., to "berate" him and "pressure" him. However, regardless of what is now a nearly 80 percent ownership stake in A.I.G. by the US government, the government says there is simply nothing more it can do. "We are a country of law," said White House economic adviser Lawrence H. Summers. "There are contracts. The government cannot just abrogate contracts."
While Mr. Summers wants us to remember that we are a nation of laws when it comes to paying huge bonuses to A.I.G. executives, who will apply the law to former Bush administration officials who approved torture? If law dictates payment of bonuses, what law addresses money laundering? And is that law less important than the one that insures payment of bonuses?
What could be more corrupt than asking banks that have been bailed out by the American taxpayer - expressly to address their loses from mortgage failures - if they approve of a foreclosure bill that would in turn bailout the taxpayer/homeowners themselves?
Entire article at the link above --
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