Man, I get all excited, like the Bubble Hearing last week, then I look at the speaker list and it's the same old same old - bunch of industry insiders and government hacks who will NOT speak to what's really going on out there. What, is every independent voice busy on Wednesday? Or does the Senate just fear the truth?
Memo for the corrupt Senate: Want the truth? Invite Shiller. Invite Thornberg. Invite the writers from BusinessWeek's Toxic Mortgage expose. Hell, invite HP! BUT DO NOT BRING IN THE HEAD OF THE DAMNED MORTGAGE BROKER ASSOCIATION IF YOU WANT THE DAMNED TRUTH!
Man, that's like bringing in OJ to investigate violence against women. Incompetent.
Want change? Contact the Senate here and let them know who you want to see at the next hearing. Contact C-span and let them know you want this one covered.
Committee: US Senate Committee on Banking, Housing, and Urban Affairs
Title: Calculated Risk: Assessing Non-Traditional Mortgage Products
Date: 9/20/06
Time: 10:00 AM
Witnesses
Ms. Orice Williams , Director, Government Accountability Office
Ms. Kathryn E. Dick , Deputy Comptroller for Credit and Market Risk, Office of the Comptroller of the Currency
Ms. Sandra F. Braunstein , Director of the Division of Consumer and Community Affairs, Federal Reserve
Ms. Sandra Thompson , Director of the Division of Supervision and Consumer Protection, Federal Deposit Insurance Corporation
Mr. Scott Albinson , Managing Director for Examinations, Supervision, and Enforcement, Office of Thrift Supervision
Mr. Robert Broeksmit , Chairman of the Residential Board of Governors, Mortgage Bankers Association
Mr. George Hanzimanolis , NAMB President-Elect, Bankers First Mortgage, Inc. testifying on behalf of the National Association of Mortgage Brokers
Mr. William A. Simpson , Chairman, Republic Mortgage Insurance Company testifying on behalf of the Mortgage Insurance Companies of America
Mr. Michael D. Calhoun , President, Center For Responsible Lending
Mr. Allen Fishbein , Director of Housing and Credit Policy, Consumer Federation of America
September 18, 2006
Senate committee to "investigate" toxic mortgages on Wednesday
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15 comments:
"They can't handle The Truth."
But OJ was innocent...
OJ got off because he could afford Johnny Cochran. Who are these people going to get to defend themselves? Congress is going to be hurt by the declining housing numbers and will have to find someone to blame. Someone will have to take the fall.
Keith,
"Mr. Michael D. Calhoun , President, Center For Responsible Lending
Mr. Allen Fishbein , Director of Housing and Credit Policy, Consumer Federation of America"
These two people are solid. I have trust in them.
David
Bubble Meter Blog
you want the truth invite the Mr. $ Mrs. Jones from down the street to the hearing and let them tell you how great it feels to loose ones home. And to have to tell their 2 children sorry guys we can not have mac & cheese tonight, we have to pay our gas or oil bill to heat our home..oh wait that is right we lot our home...thank god for this great big ( tax deductible ) SUV we can live out of. Good night kids.
This Congress has no desire to present a preview of the upcoming economic meltdown 50 days before a major election.
Republicans will do almost anything to stay in power. Too bad we'll be hunting them with dogs by 2008.
Yes, these hearing are a little much. CYA before the elections kind of hearings.
Anyone notice how eager Bu$h is to get his 'clarification" of torture passed in Congress. He knows he's going up on charges after the selections.
Looks like a producer for CNBC was in charge of picking the guests.
Johnny Cockroach. RIP
The SENATE is going to investigate
Boy , that fills me with all kinds o' confidence!
The prepared statements you will be able to read almost immediately after the hearing will be to CYA. After they read their testimony, the senators will grill them with questions. This also is as stylized as kabuki, because the purpose is usually to give each party the chance to look like they're asking hard-hitting questions of the other side's experts.
AMEN!
Just look at that nigger! Somebody ought to linch his ass from a tree.
Somebody gonna off his ass one day... maybe his kids for killing their momma.
The Senate is going to investigate?
O.k. i feel better now!
From 2 above, i think that 'might'
be considered a little racist!
From 2 above, i think that 'might'
be considered a little racist!
Not racist if the poster is of the Black Race.
But calling all Red Neck's Republican is racist.
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