I hope some congressman with guts asks them about knowingly enabling mortgage fraud. I hope to see Angelo take the fifth. I hope to see Waxman ask The Orange One about having CFC buy shares on the open market as he was dumping them. I hope to see rage, disgust and the threat of more investigations from our congressmen, who are supposed to represent US of course.
But since the fix is in, and these companies (Countrywide, Merrill and Citi) and their organizations (NAR, NAHB, NAMB) are the top donors to our corrupted congress, I'm not holding my breath.
But who knows. Maybe in an election year congressmen choose their political careers over their masters.
Former Citi, Merrill CEOs face grilling
House Democrat Henry Waxman calls on recently canned executives with ties to the subprime debacle to explain their compensation.
WASHINGTON (AP) -- A key House Democrat wants to grill top banking industry executives about how much they're getting paid on their way out of companies scorched by the mortgage market meltdown.
On Monday, Rep. Henry Waxman, D-Calif., chairman of the House Oversight and Government Reform Committee, said he'd sent letters to Angelo Mozilo