In which lambert apologizes, once again, for being prematurely correct
Last week, we pointed out the ludicrous disparity between Leader Nance* handing Big Money trillions (with "t") NOW NOW NOW with no plan at all, and then demanding a plan from GM when they asked for mere billions (with a "b") LATER LATER LATER LATER. Today, John Podesta agrees:
The U.S. government should demand accountability and changes at Citigroup Inc., as well as from automakers, in exchange for any financial assistance, a top transition official for President-elect Barack Obama said.
“It seems to me that the government ought to demand accountability,” including on executive compensation, John Podesta said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” scheduled to air today.
“If we’re going to have one rule, we ought to apply it to all of the financial institutions that we’re taking a look at,” Podesta said. “That’s my personal opinion.”
Thank The God(ess)(e)(s) Of Your Choice, if any, that there are some Democrats with a shred of common sense. Of course, Podesta's common sense only goes so far:
I mean, what do homeowners have to do to get help? Turn themselves into banks? Shoot themselves? Why not HOLC? That's another common sense solution that works -- for both financial institutions and homeowners.
NOTE And Bush + Reid + Obama + Paulson.