Apparently, these people are impervious to irony:
We were outraged to read in today’s New York Times that you are actively opposing our efforts to achieve a diminuation in foreclosures by voluntary efforts… We have set a hearing for November 12, and we invite you now to testify. We believe it is essential for our policymaking function for you to appear at such a hearing, and if this cannot be arranged on a voluntary basis, then we will pursue further steps.
So let me get this straight. Barney Frank, Maxine Waters et al are trying to get banks to do something “voluntarily” by threatening them with “further steps.”
But we shouldn’t worry about threats of tax audits.
Remember, Democrats think voluntary actually means uncompensated compulsory service. The notion of free will and right to choose has to do with abortion, not volunteering.
Since the House Un-American Activities Committee,
Congress has been dragging unpopular types in front of them for hearings.
The Money Tribe may find their turn in the barrel.
So… this is a memo from last October, concerning a hearing in November of last year.
I am completely unsurprised by the thuggery. Being a Democrat means never having to have regrets.
> The Money Tribe may find their turn in the barrel.
It’s past time for the political and regulatory tribes to take their turn.