[garandgal]

I’ve tried to find the quote I heard today on the radio from our good Senator Grassley; you will just have to trust me...I about died laughing.

He said (paraphrasing); that he thought that the perpetrators of this fiasco should, since they were asking for a bailout, at least have the good grace to go in front of the American people. He suggested that they do so in the manner of disgraced Japanese executives with their heads bowed in dishonor (and this part I can actually quote) “at least those who didn’t go ahead and commit suicide.”

Check out his website for some interesting documents...they were working on this MONTHS ago. It will tell you why he would say such a thing:

http://grassley.senate.gov/news/Article.cfm?customel_dataPageID_1502=17404

[rockinqsranch]

“Despite having knowledge of them, TM failed to encourage Bear Stearns to address serious deficiencies in their risk management and pricing models.”

This article causes me to believe the leadership of the TM Division was compromised in its duties.

Wondering if Congressional influence deterred TM from responding appropriately to this matter. Why would TM turn their backsides to an obvious?

[suzy02]

Thank you for that post. Chuck Grassley is one of my hero's and one of the few who “get it.”

Too bad we can't run him for President. At least the office would have some dignity.

Suzy

[dixiechick2000]

Thank you for your post, and link!