A U.S. Congressional panel has started it’s inquiry into the subprime debacle and the litany of players at it’s core. Of course, they were all innocent of any wrongdoing or fraud. That’s because it’s safer to plead ignorance. Admit to any culpability and the lawyers will descend like a pack of wild dogs. Which is how it needs to be. The courts can’t do anything about ignorance, hubris or greed but the lawyers usually find a way to extract a pound of flesh.
For those who set sub-prime aflame
Their claim of ‘not me’ is just lame.
So let’s give ’em Bronx cheers
As truth disappears
While squirming to deflect the blame.