"Meanwhile, Rep. Barney Frank (D., Mass.) played Madame Defarge on Capitol Hill. AIG’s recently installed CEO, Edward Liddy, agreed to testify before a subcommittee of the House Financial Services Committee (which Frank chairs). Liddy was actually a poor choice for scapegoat as he has only been on the job since September. Additionally, he is serving as a dollar-a-year man hoping to rescue the company and our financial system from a downward spiral. These facts slowed the momentum of some committee members. But most plowed ahead. Here’s Rep. Gary Ackerman (D., N.Y.): “There’s a tidal wave of rage throughout America right now and it’s building up and it’s expressing itself at this latest outrage, which is really just the tip of the iceberg. And that rage is because the taxpayer knows that they are the ultimate sucker on the list of who pays for all of the greed that has been going on in the marketplace for years and years.”"
Friday, March 20, 2009
Mob Mentality on Capitol Hill: