Capuano To CEOs: “America Doesn’t Trust You.”

Here’s a great tirade from Massachusetts Democratic congressman Michael Capuano, form today’s hearings with eight banks CEOs…

Some highlights:

America doesn’t trust you anymore.


Who was the brilliant person who came and said: Let’s do credit default swaps? Find ’em. Fire ’em. Tell me you fired them.

But maybe the best part is when Capuano addresses the common refrain heard form banks that the money they gave out in bonuses was different from the bailout money they got.

Says Capuano:

Don’t say: Oh, well we’re not using that money for bonuses. C’mon! Money is all of a sudden not fungible in your entity. It’s fungible everywhere else, but not in your entities.


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