Wednesday, December 10, 2008

At Lease It Has Some Value As Comedy

Outrage is such a rare commodity it was a breath of fresh air to find out yesterday, when the wiretaps of Governor Blagojevich of Illinois offering a Senate seat up for sale were made public, that we were still capable of it.

Another outrage is happening right in front of our eyes, and it seems that most people are willing to just let it slide. I refer to the hearings on the collapse of Freddie Mac and Fannie Mae:
Is this what you call chutzpah? Sen. Chris Dodd of Connecticut has demanded that the chief executive officer of General Motors resign because of the management of GM during his tenure.

Isn’t this the same Sen. Dodd who along with his House counterpart Rep. Barney Frank continued over the years to tell the public that Fannie Mae and Freddie Mac were fine upstanding organizations with no financial problems while they were in fact in the process of collapsing?

Additionally, wasn’t Sen. Dodd the one who took sweetheart loan deals from Countrywide Financial? Why are there no demands for Sen. Dodd to resign from the U.S. Senate?

Why indeed?

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