Weazl received a BA in Economics with an emphasis on developing countries from Yale University in the late 80's, then received his JD from Columbia Law School in the early 90's. He has practiced as both a corporate lawyer and as a criminal lawyer for nearly a decade, but currently tries to balance an interest in the esoteric with a need to decipher the moment, howling to the moon that the ship is sinking.
there are a couple of problems with this video, at minimum. 1) Democrats weren't in power in 2004, so what stopped the Republicans from passing anything? 2) Fannie Mae isn't really the major problem in this current financial crisis
Also, back in 2004, the housing bubble was not very large-- just starting-- and mortgages did seem safe.
Finally, I sense a lot of what was going on in this hearing was black Democrats sticking up for the black CEO of Fannie Mae-- they thought he was being picked on unnecessarily.
I agree with your first point, but it does show the Democrats complicit in the fraud.
You're right, Fannie Mae isn't the culprit in THIS one, but is was in the previous $200 billion bailout.
Yes, some of it does seem like black Congresspeople defending a black CEO, but please explain to me whether that is a justified excuse or proof of how stupid the people actually were.
2 comments:
there are a couple of problems with this video, at minimum.
1) Democrats weren't in power in 2004, so what stopped the Republicans from passing anything?
2) Fannie Mae isn't really the major problem in this current financial crisis
Also, back in 2004, the housing bubble was not very large-- just starting-- and mortgages did seem safe.
Finally, I sense a lot of what was going on in this hearing was black Democrats sticking up for the black CEO of Fannie Mae-- they thought he was being picked on unnecessarily.
I agree with your first point, but it does show the Democrats complicit in the fraud.
You're right, Fannie Mae isn't the culprit in THIS one, but is was in the previous $200 billion bailout.
Yes, some of it does seem like black Congresspeople defending a black CEO, but please explain to me whether that is a justified excuse or proof of how stupid the people actually were.
Personally speaking, I think the latter.
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