Tepid hearings reveal pretty much nothing
(NEWSER) - If you’re like Peggy Noonan, you devoured CSPAN’s coverage of this week's Financial Industry Inquiry Commission hearings, and you got to see, live, the dramatic testimony of ex-Citigroup CEO Charles Prince. “Let’s be real,” Prince said. “You, for political reasons, both Republicans and Democrats, finagled the mortgage system so that people who make, like, zero dollars were given mortgages for $600,000 homes. … And Wall Street? We went to town, baby…. You’re finaglers, and we’re finaglers. I play for dollars, you play for votes.” More»
