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|User Info||The Dead Sign Affidavits - Nationwide; entered at 2010-12-31 11:03:56|
WORTHLESS "investigation" for $1000 PER WORD:|
Keith Hennessey, one of the four Republican commissioners on the Financial Crisis Inquiry Commission, has helpfully provided a copy of the Financial Crisis Primer the commissioners sent to the President and Congress. The commissioners sent the primer to as best we can comply with the deadline in the law, writes Hennessey in two different colors, adding:
Its probably hopeless, but I want to encourage reporters to focus on our substance rather than our process.
Of course, this man who so values substance over process is the same person who voted against giving the FCIC more time to compile its report, on the grounds that doing so would violate section 5(h)(1) of Public Law 111-21.
Whats more, its hard to focus on any substance here when the primer is essentially 5,400 words of nothing much at all. There was a housing bubble. The US government was involved. So were the banks. There was a run on the banks. Which hurt the economy. Thats basically it. As advertised, the terms Wall Street, shadow banking, interconnection, and deregulation are nowhere to be found.
For this anodyne material, bereft of any insight, were paying something over $1,000 a word?