Sunday, September 21, 2008


Matt Stoller has the post of the day, well he posted the email of the day. I just hope the outrage expressed by the unamed lawmaker runs through the Congress as deeply as it runs through the rest of the country.

I also find myself drawn to provisions that would serve no useful purpose except to insult the industry, like requiring the CEOs, CFOs and the chair of the board of any entity that sells mortgage related securities to the Treasury Department to certify that they have completed an approved course in credit counseling. That is now required of consumers filing bankruptcy to make sure they feel properly humiliated for being head over heels in debt, although most lost control of their finances because of a serious illness in the family. That would just be petty and childish, and completely in character for me.

Remember to call your Congress critter and Senators first thing tomorrow morning.

Senate switchboard: (202) 224-3121, House switchboard: (202) 225-3121

If you aren't sure who your Rep is go to and look it up. This is important.

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