Augh!

I really need to be working on my research paper, but financial news is EATING MY BRAIN.

And Barney Frank really, really needs not to be implying that people criticizing Congress's lousy financial decisions are racist. (Isn't that some variation on Snacky's Law?) Granted, the Community Reinvestment Act is just a part of a much larger problem, but, come on, Barney.  That's no way for House Financial Services Committee Chair to act.  I know he's pointing the finger at the GOP, but given that, according to a recent Rasmussen Poll, something like 59% of voters polled would have no problem voting out the entire Congress and starting over again, that implies to me that pointing fingers (and basically calling your critics racists) is the dumbest thing to do right now.

This whole mess is nauseating. Did no one learn ANYTHING from Enron, Tyco, and Arthur Andersen?  ARGH!  STOP.  BEING.  STUPID.  RECKLESS.  IRRESPONSIBLE.  JERKFACES.  These people are ostensibly intelligent!  THEY SHOULD KNOW BETTER.

And I have a feeling this whole thing's going to get uglier.   That's a serious conflict of interest, right there.  Pair that with the youtube video going around where Frank asserts there's nothing wrong with FM/FM, and you've got the equation for some serious facepalming.  Is this what happens when you put a lawyer in charge of finances?  He's a Harvard Law grad, right?  Or am I remembering someone else?

*checks* 

Yup, Harvard Law.  I would seriously love to know how a background in law qualifies Senator Frank for being the Chair of the HFSC.  I've looked at his biography, and... if he's got any background in economics or finance, it's well hidden. 


Aaaaaaaaaand now back to my paper.  (Guys, diversity management is fucking awesome.  I really kind of love HR.)


EDIT:  Yup, still eating my brain.  I'm starting to wonder if these CEOs think they're playing with Monopoly money. Seriously, what the hell -- you're going to shell out twenty MILLION DOLLARS on "special payments" for departing executives four days before you declare bankruptcy?