henry waxman’s shame
Three corporate executives summoned Friday for a shaming by Democratic lawmakers defended raking in hundreds of millions of dollars despite contributing to the subprime mortgage crisis that has their companies reeling from losses and the nation on the edge of recession.
Congress thinks it has a role to play in “shaming” business leaders?
Contribute to the subprime crisis? Not long ago Congress was accusing lenders of red-lining minority neighborhoods and not lending them money.
“There’s a complete disconnect with reality,” said Rep. Henry Waxman, D-Calif., chairman of the House Oversight and Government Reform Committee.
Indeed. Henry, and the disconnect begins with you.