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Washington finds a scapegoat for the financial crash

And who is that scapegoat? Is it former President George W. Bush, who presided over the housing bubble and crash? Is it former President Bill Clinton or former Clinton/Obama advisor Larry Summers, who were in charge of things when Gramm-Leach-Billey was signed into law in 1999? Or perhaps then-Senator Chris Dodd (D-CT), who received special treatment from Citigroup for a loan, or the executives of Freddie Mac and Fannie Mae, including the one who engaged in a sexual relationship with then-Rep. Barney Frank (D-MA) while Rep. Frank was the Ranking Member of the House Financial Services Committee? Nope. It’s S&P, which the government wants ...