Some Senate Democrats seem to be playing with the fox and not trying to strengthen the henhouse.
The Senators are claiming they had no idea. Come on. I realize I’m supposed to accept that all those subprime borrowers didn’t understand their loans, but to accept that these well-educated leaders of our government didn’t--well that insults my intelligence, and every borrower’s out there.
Time and again, the Senate is bedeviled by its own clubbiness, its lost sensitivity to how ordinary people live their lives. So it is with Christopher Dodd and Kent Conrad, who turned up on the “Friends of Angelo” V.I.P. list at Countrywide Financial Corporation.