Wall Street CEO's and former CEOs are testifying before Congress regarding "unfair" compensation, severance pay, and other benefits in the midst of the subprime mortgage crisis.
I really don't understand what Congress is trying to do. Is Congress trying to fine these guys, or is this is the beginning talks of a much larger investigation that might lead to tighter controls over business?
Yes, I agree that some of these guys are to blame for the subprime loan packaging. However, I really don't agree with Congress' role, unless they are waging bets and trying to jumpstart this investigation, hoping that the next president will be more in line with their views.
What do you think?