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The Washington revolving door is now shameless

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发表于 22.11.2022 03:21:00 | 显示全部楼层 |阅读模式
We all know Congress is corrupt — we all know about the insider stock trading and the revolving golden door of Washington. But every once in a while, a congressman says the quiet part out loud — and frankly it’s insulting to all of us.
Meet Congressman Trey Hollingsworth, representing the great state of Indiana. He also sits on the House Financial Services Committee that is supposed to oversee the big banks. Emphasis on oversee. Sitting before him Wednesday were the CEOs of JP Morgan, Wells Fargo, Bank of America, Citigroup, U.S. Bancorp, PNC Financial and Truist. Combined, they represent roughly 75% of the U.S. banking industry.
You know, the banks that created the 2008 housing meltdown and financial crisis. The same banks accused of various indiscretions. The same banks now raising interest rates and likely getting ready to come after delinquent borrowers.
Hollingsworth got five minutes during an oversight hearing to ask them important and probing questions. He began by shouting out to a staff member of his named Ruthie that was about to go work for Bank of America.
The kicker: Her dad already worked for the company.
Now that we have that out of the way, let the oversight begin.
My dad once told me if you can’t figure out who the mark is at the poker table, it’s you. Hollingsworth and Bank of America CEO Brian Monahan were laughing. They get the joke

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