None of our retarded elected officals have a clue!!!!! They don;t understand market making vs Financial advisor roles.
They dont understand. GS guys should just take the 5th and settle any issues in court where they will be vindicated by the facts. Nothing illegal.
Grandstanding blowhards. Wow. Shame on America. Man LEVIN is a real snoozer. His arguments and comments are disjointed and are going no where.
Exactly, if they want to pass a law that a Salesman act as Fiduciary-act in the customers best interest, DO IT. None of them will they ALL take money from Investment Banks.
While they are at it make it law that a Congressman has to be a fiduciary to taxpayers also!
They do not understand a market maker makes any side of the trade possible long and short.
They are trying to blame lack of oversight of the markets and rules in place and especially Freddie and Fannie, the CRA.
Rules allowing stated mortgages were Congress's purview.
This is a public spectacle to draw attention away from Lawmakers failure.
After passing the huge "stimulus" bill(PORK) now Obama wants to have a bipartisan deficit reduction panel today. Only one party voted for the spending that doubled our National debt this year.
The facts are the facts! Lefty can only call you names when faced with logic and facts.
He is just hiding Obama's roll in the financial melt down.
Fannie Mae was the real reason for the financial melt down. They continued to give out risky loans that they knew may not be paid back.
They had a key ally though in the junior senator from Illinois. They gave Obama the second biggest amount of lobbying money because he knew how to threaten other senators about not giving poor black people these risky loans.
The Chicago thug had arrived in the senate.
Last Sun he claimed "Govt has no case"
Fareed you'll think twice now with these former employees making an azz of themselves
something is wrong here
I have no bias, but this hearing changes everything
YOU ARE THE ENEMY!
You are the idiot, Mr. bigstick. It is obvious you are not an attorney. Levin is getting at the outer layer of the onion. Hold on, Mr. impatience. Justice takes time. How many times have you been in a court room listening to testimony.
suzanne
Shame on America? SHAME ON YOU for defending this THEFT!
Shame on you for not looking at the bigger picture.