Our so-called "representative," Senator and Banking Committee Chairman Chris Dodd:
We want to see more progress from our friends in the financial sector -- more progress in foreclosure mitigation, in affordable lending, and in curbing excessive compensation, and if that progress is not forthcoming, we are prepared to legislate.
Source: CNN
Got that? What did the banks do to cause the sub-prime mess? They "made progress" in easy credit. Easy credit was the whole problem. What is Dodd's solution? Easy credit. Head? Meet desk.
Got that? What did the banks do to cause the sub-prime mess? They "made progress" in easy credit. Easy credit was the whole problem. What is Dodd's solution? Easy credit. Head? Meet desk.
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