More Busy Work
These hearings are meaningless to me at this point. Do you remember when the Democrats took control in 06 and how excited we were about all the hearings they were holding…..thinking something would change. Now I just see it as busy work. Nothing ever comes of them. No one is ever held accountable. My respect for Waxman is in the tank. (Gee, can you tell I’m more disgusted today then usual?)
Three chief executives with ties to the mortgage crisis were paid $460 million over five years, according to a congressional report issued Thursday.
On Friday, the House Committee on Oversight and Government Reform is set to examine CEO pay in light of huge losses in the financial sector stemming from the mortgage crisis.
The panel, chaired by Rep. Henry Waxman, D-Calif., will hear testimony from Charles Prince, former CEO of Citigroup Inc.; Stanley O’Neal, former CEO of Merrill Lynch & Co.; and Angelo Mozilo., chief executive of Countrywide Financial Corp., the nation’s largest mortgage lender.
More at CNN.com
