Barney Frank proves the broken-clock theory. But broken clocks still suck.

According to a report from financial news agency Bloomberg, Goldman Sachs, for example, has set aside $6.8 billion for bonuses, and Morgan Stanley, $6.4 billion…

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I searched “Waxman + hearings + Freddie,” hoping Henry Waxman might call hearings on the Fannie and Freddie Meltdowns that Ate the World. Republicans want those hearings, and so would any sane voter, but so far there’s no word that Democrat Waxman has the balls to schedule them before the election. Maybe Barney Frank needs time for a makeover. The media are all over it.

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I think he’s my favorite unconscionable lunatic since Sandy Berger stuffed government secrets in his socks, but the interesting quote here is this from Bill Clinton: [Read more →]

More audacity, this time from Pelosi. I guess he’ll have to be a real maestro to hold hearings in which people don’t wonder why he’s not a witness. Don’t get me wrong, I hope every sleazebag pays, including Wall Street sleaze. As Biden noted last night in one of his stronger moments, you have to know the cause of a problem before you can correct it. But there’s hasn’t been a single word about Acorn and the corruption of the noble but nearly fatal Community Reinvestment Act. You can’t “make housing affordable” by making riskier loans, obviously. Although, we have to admit, housing’s a lot more affordable now, isn’t it? So the value of our personal property is down and responsibility for the debt of others is up. If that’s what we have before an Obama presidency, I guess I’d better start rehearsing that Obama hymn. Oh, wait, there’s another.

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Quotes collected by the Wall Street Journal:

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