Short version - The Washington Post's Steven Pearlstein tees off on Wall Street and then kicks them when they're down.
His windout is the best: A community banker named Kim Price suggested using federal bailout funds to offer below market interest rates without closing costs to home buyers who buy homes financed by the same bank. Sound good?
Pearlstein thinks so - and he wonders what Wall Street thinks, too:
So here’s a question the House Financial Services Committee might put to the Titans of Finance: How is it that Kim Price, a community banker with an undergraduate degree from Appalachian State University, a tiny executive staff and a pay package that you would consider insulting, somehow managed to come up with a more creative use for his government bailout money than any of you?Damn good question.
Late edit:
The bankers are finally going to get their hearing. While I don't expect miracles - it will be nice to see the titans of Wall Street get the same treatment given to Detroit.
Look into the camera, you tax fattened hyena - and tell me why we shouldn't already own your sorry ass.
Later edit:
Oh, those crafty bankers... they're way ahead of things.
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