Wednesday, April 28, 2010

Pot calls kettle black: Lawmakers want Wall Street execs jailed

The lawmakers coerced the bankers into loaning to losers. Granted, the banks took full advantage of the situation, but seriously, would greedy banker types really want to loan to folks who cannot pay the money back? They began lending to these folks in the name of "social justice" and "affordable housing", just ask Barney Frank.
McClatchy, Greg Gordon WRITES:
Maintaining that no Wall Street executive is "too big for jail," 62 members of the House of Representatives asked the Justice Department Wednesday to investigate whether Goldman Sachs and other Wall Street firms committed criminal fraud in the lead-up to the subprime mortgage meltdown.
Then there are the liberal groups, yes the same groups who lobbied congress to force banks to loan to folks with little money. You know, the Community Organizer types.
Two liberal-leaning activist groups, the Progressive Change Campaign Committee and MoveOn.org, also said that they garnered the signatures of 140,000 Americans on a petition supporting the request.
Hypocrisy runs amuck in the halls of congress.

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