Money Talks Blog Archive Liberal Chastises Obama for Rewarding Engineers of Economic Crisis
Excerpt...
Can you think of a better interview for 60 Minutes than a hard-hitting piece with this very bright and courageous woman? I don’t think they would touch it with a ten-foot pole because it would be too embarrassing for some very powerful people.
How ironic is it that the woman who sounded a very prescient warning on the credit default swap deregulation was driven out of government, while the man who was blind to the coming crisis gets her job?
How could so many smart people get this so wrong? One factor is that money from the banking industry greases the wheels of action with our Senators and Congress people.
Greed over-rides common sense, along with an arrogance that comes from being “too big to fail.”
Quote of the Week: “And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.”
Sen. Dick Durbin
Excerpt...
Can you think of a better interview for 60 Minutes than a hard-hitting piece with this very bright and courageous woman? I don’t think they would touch it with a ten-foot pole because it would be too embarrassing for some very powerful people.
How ironic is it that the woman who sounded a very prescient warning on the credit default swap deregulation was driven out of government, while the man who was blind to the coming crisis gets her job?
How could so many smart people get this so wrong? One factor is that money from the banking industry greases the wheels of action with our Senators and Congress people.
Greed over-rides common sense, along with an arrogance that comes from being “too big to fail.”
Quote of the Week: “And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.”
Sen. Dick Durbin