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Wall Street CEOs Grilled

Several high-profile Wall Street CEOs were hauled before a Congressional Committee this morning.  They received a grilling by the assembled legislators.  The harsh treatment was hardly a surprise given how unpopular Wall Street has become, and deservedly so. 

However, the legislators grilling the bank execs are the same legislators who contributed to the mess we're in by engaging in all sorts of cheerleading while the bubble was in full swing, including letting Fannie and Freddie underwrite bad loans.  The politicians have a lot to answer for, but who is going to drag them before a committee?

Read the full testimonies:

Watch Barney Frank ask the CEOs why they need bonuses:

Posted by manualofideas on February 11, 2009 02:31 PM |

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