Subprime CEOs Explain Why They Made Millions While Americans Lost Homes

Congressional Democrats got right to the point today: How could the CEOs of three companies behind the subprime mortgage market make millions of dollars while thousands of Americans lost their homes and investors lost billions of dollars? "There seem to be two different economic realities operating in our country today. And the rules of compensation in one world are completely different from those in the other," said Rep. Henry Waxman, D-Calif., chairman of the House Committee on Oversight and...Full Story
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