Congress shows it won’t bow to the threats and extortion of Wall Street. Houston area congressmen seem united in their opposition, regardless of party: Culberson, Lampson, Paul, Jackson-Lee, Green, etc.
In the meantime, how come everyone is blaming this on banks giving mortgages to people who are struggling? Let’s talk about “derivatives,” “complex financial instruments,” and the speculation that created these chimeras. Let’s talk about how we can get the financial markets to deal with reality. Let’s talk about how we can hold these folks accountable.