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Bankers walking a Fine Line at Hearings (look at the smug faces!!)

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Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:10 AM
Original message
Bankers walking a Fine Line at Hearings (look at the smug faces!!)
Edited on Wed Jan-13-10 09:11 AM by Mari333


WASHINGTON The bipartisan commission established by Congress to examine the causes of the financial crisis summoned the heads of four large Wall Street banks on Wednesday to defend their lending, risk management and pay practices and explain their companies role in the biggest economic downturn since the Depression.

The 10-member commission, with a budget of just $8 million, is charged with delivering a comprehensive report to President Obama by Dec. 15 on 22 factors associated with the crisis, from mortgage fraud to regulatory failings.

Long before the 9 a.m. start of the hearing, throngs of journalists surrounded the hearing room of the House Ways and Means Committee, hoping to catch the four bank leaders: Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley and Brian T. Moynihan of Bank of America.








http://www.nytimes.com/2010/01/14/business/14panel.html...
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hlthe2b Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:13 AM
Response to Original message
1. Just like the Tobacco Executives of a few years back...
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:13 AM
Response to Original message
2. I'd love to box the smug looks off their faces
:puke:
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Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:15 AM
Response to Reply #2
4. we paid for their suits!
looks like they are not cheap. gold cufflinks. ties. shoes, yachts, hookers. etc.
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rurallib Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:14 AM
Response to Original message
3. I hold no hope for anything substantial to happen.
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Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:16 AM
Response to Reply #3
5. thats why they look so smug..deals are already done
this seems to be a circus sideshow so we will think something's actually going to happen.
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:17 AM
Response to Original message
6. I'm watching the dog-and-pony show now on CNBC.
Same old banker bullshit - "Talent like ours doesn't come cheap", "We take risks", "Our Job is to make sure our products do what they say they do", "We remain active lenders", "We stopped subprime long ago", "We's innocent, I tells ya!" blah blah BLAH.
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Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:19 AM
Response to Reply #6
8. and then their limousines will drive up, and they will have power lunches
with their politician buddies they paid off, and laugh at how well they have all reamed the US public.
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:19 AM
Response to Original message
7. "Smug is sooo republicon. Smirk." - xCommander AWOL (R)
Edited on Wed Jan-13-10 09:20 AM by SpiralHawk
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:22 AM
Response to Reply #7
9. "Nah. Sneers are MORE republicon." - xVP Dickie 'Five-Military-Deferments' Cheney (R)
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WhiteTara Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:23 AM
Response to Original message
10. who is Bill Thomas? I've forgotten
Thanks for the info. I'm google challenged today.
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KG Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:26 AM
Response to Original message
11. they know it's all just a dog and pony show.
they know who owns who. they know who really runs thing around here.
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Bitwit1234 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:54 AM
Response to Original message
12. Why are they wasting time with this,
they will let them off the hook they way they always do..I think these so called hearing suck. Congress only does it to make you think they are doing something.
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L0oniX Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 09:59 AM
Response to Original message
13. Should be mug shots.
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Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 10:01 AM
Response to Reply #13
14. oh, wouldnt that be the bees knees!
orange jumpsuits. ah, i can dream. I know it wont happen.
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tabatha Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 11:23 AM
Response to Original message
15. I cannot stand Chase.
I dislike Jamie Dimon immensely.
I hate it that he calls himself a democrat.
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 11:46 AM
Response to Original message
16. Wasn't so long ago we saw this with the oil execs. n/t
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arthritisR_US Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 11:49 AM
Response to Original message
17. oh I can't wait for the soft ball questions to begin
:sarcasm:
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 11:51 AM
Response to Original message
18. They already got their taxpayer handouts. What can a Congressional hearing do to them?
Especially when they have friends at the top. :shrug:
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 01:04 PM
Response to Reply #18
21. Yep. Nothing more than a photo op. n/t
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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 12:15 PM
Response to Original message
19. What they really want to say
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Waiting For Everyman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 12:25 PM
Response to Original message
20. K&R
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4_TN_TITANS Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-13-10 03:36 PM
Response to Original message
22. I don't get how even Congress
can stomach listening to these asshats painting themselves as the victims.
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