Letter – Bailout corruption in WashingtonIs anyone getting tired of the “business as usual” corruption in Washington? We were told by the experts that if we didn’t bail out A.I.G. that other financial institutions would fall like dominoes.
To the editor:
Is anyone getting tired of the “business as usual” corruption in Washington? We were told by the experts that if we didn’t bail out A.I.G. that other financial institutions would fall like dominoes. Now the New York Times tells us that one of those institutions destined to fail was never in jeopardy of failing at all if A.I.G. went under. That company was Goldman Sachs, which was protected if A.I.G. failed, but nevertheless received $12.9 billion of taxpayers’ money to put into its coffers.
Guess who the former chief executive was for Goldman Sachs? If you guessed it was Henry Paulsen, the architect of these bail-out programs, you would be right. Aren’t you beginning to wonder why a company that should be responsible for its own mistakes gets $12.9 billion of taxpayers’ money when it was never in danger? And why did more than $20 billion of our bail-out dollars given to A.I.G., go to European banks?
God tells us in Proverbs 29:4, that “By justice a king builds up the land, but he who exacts gifts tears it down.” He also says in Exodus 18:21, “Moreover, look for able men from all the people, men who fear God, who are trustworthy and hate a bribe, and place such men over the people as chiefs of thousands, of hundreds, of fifties, and of tens.” God tells us to examine a man’s character before he is entrusted with the public trust. That means finding reputable men who speak the truth and live the truth and who have only the best interests of the people in mind when they rule. God’s way is better in politics as well as in every other area of life.
First Baptist Church