Senator Cruz Confronted By Barking Branch Trumpidians In Indiana
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That’s Glenn Reynolds’ advice to anybody who feels obligated to attend a joint Treasury/HUD meeting called for July 28th to address the mortgage crisis. Given that the letter that was sent out is only ‘requesting’ attendance by the most charitable of interpretations (when two Cabinet Secretaries send you a letter about your presence at a meeting, you’re expected to show up), that should be pretty much the top mortgage servicers.
To summarize the article [with my own comments in brackets], the situation is this:
Yeah. Those representatives that show up for the meeting had best wear a wire. Because this lead-in passage from the NYT article?
Remember that infamous meeting last October at the Treasury Department, the one where then-Secretary Henry Paulson locked the chief executives of the nation’s nine largest financial institutions in a room, and wouldn’t let them out until they agreed to accept billions of dollars in government bailout money — whether they wanted it or not?
O.K., that’s a bit of an exaggeration.
No. It’s not. So not having a permanent record of what’s going to be said seems contraindicated.
Crossposted to Moe Lane.