Here's Massachusetts Congressman Michael Capuano yelling at today's Capitol Hill hearing with eight big bank CEOs, who demanded that Congress give them a second set of keys to the U.S. Mint (just to make it more convenient during the all-nighter printings, right?) He asks if their companies invest in credit default swaps ("hell fuckin' yeah"), and then adds, "So basically all or most of you engaged in all or at least some of the activities that actually created this crisis, in my opinion. Because every one of those activities, especially the SIVs [structured investment vehicles], ESPECIALLY the SIV's -- to me, I think they're illegal. I cannot believe no one's prosecuted you on this." Rah rah rah!
Congressman To CEOs: Die
Congressman To CEOs: Die
Congressman To CEOs: Die
Here's Massachusetts Congressman Michael Capuano yelling at today's Capitol Hill hearing with eight big bank CEOs, who demanded that Congress give them a second set of keys to the U.S. Mint (just to make it more convenient during the all-nighter printings, right?) He asks if their companies invest in credit default swaps ("hell fuckin' yeah"), and then adds, "So basically all or most of you engaged in all or at least some of the activities that actually created this crisis, in my opinion. Because every one of those activities, especially the SIVs [structured investment vehicles], ESPECIALLY the SIV's -- to me, I think they're illegal. I cannot believe no one's prosecuted you on this." Rah rah rah!