Congress’ Version of the Dr. Phil Show

Self-appointed watchdog, Rep. Henry Waxman, Chairman of the House Committee on Oversight and Government Reform, has invited three high profile, highly paid current or former CEOs to “get real” and “just own” their involvement in the current mortgage mess that is dragging down Wall St and the U.S. economy. Read more

Bank of America to Buy Countrywide

Ken “I Don’t Care If It’s Profitable” Lewis, CEO of Bank of America, finally pulled the trigger with Countrywide. While some in the financial sector were hoping the trigger was attached to something aimed at Countrywide’s Angelo Mozilo, it laid to rest the rumors that have surrounded these two lending giants for almost a year. Read more