Letter: Both parties carry bailout blame
Republicans in recent years have definitely pushed harder for deregulation, but both parties of Congress are to blame for the recent fiasco. Democrats voted overwhelmingly for the bailout. How can you trust members of both parties who are serving on commerce committees and banking oversight committees and getting thousands of dollars in contributions from the companies that they are overseeing? Lobbying and contributions to congressman and senators are what needs to be regulated. We could start with a citizen watchdog committee that had the power to remove congressman from committees where there could be potential conflicts of interest due to stock holdings or contributions.
Supposedly, $700 billion amounts to $10,000 per family in the U.S. Of course we will eventually get that money back. If you believe that, there is some land in the Everglades you might be interested in.