sciencevsromance replied to your quote: First: Demand a hearing where the bank executives…
I mean, maybe this is scandalous, but what about the argument that publicizing these loans would have caused the entire financial system to collapse? They did repay it after all. And is a 13B profit on 7T really such a high rate of return?
It’s sort of why I love spitzer’s recommendations. I agree he might have been overly hyperbolic about the scandalous nature of it, but his recommendations actually nicely sidestep that. They’re still solid recommendations. I especially like the part about putting that profit towards mortgage write-downs.
