Doesn't the Constitution say someting about taxation without representation?
Relative to the financial bailout it should be of no consequence who the investors are. In this case it happens to be taxpayers.
In all cases when an investor puts up his or her money and when that investment is significant, the customary and practical condition is the investor exercises a commensurate degree of control upon corporate direction. In this case that customary condition has been abandoned. Taxpayers have involuntarily made this investment and in that context I would think the customary scheme would be more of an obligatory condition.
Frankly, I find it entirely unacceptable and actually stupid that taxpayers have been asked to cough up trillions of dollars and have little or no say in events that follow and are having access to many of the details hidden from them.
I hope I'm not the only person who happens to think this contrary scheme is totally wrong and is absolutely backward relative to how this normally works. I see this as another and very glaring example of how the vast majority of citizens of this country are not equitably represented. Which happens to be the precise reason we are in this mess in the first place. In many ways the citizens of this country have had their rights trashed by the Bush administration and by congress. You know that 'wrong track' thingy that is often talked about? Well guess what?











