Bankers get bruised in Congress
This video clip (via YouTube) lays bare the general disgust that banking executives have engendered in congress and frankly across America. This congressmen, Rep. Michael Capuano, really lays into them, very sarcastic and oddly entertaining, saying that he "can't believe" none of them have been prosecuted. Perhaps that will change. "America doesn't trust you anymore," he says. At the peak of his diatribe: "Get out of CDOs. Start loaning he money we gave you. Get it on the streets." This will strike some of you as rather naive, but the anger is real. Wall Street really has some PR work to be done.
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