Wednesday, January 13, 2010

Kyle Bass In Washington Today

I saw an interview on CNBC this morning with Kyle Bass.

Bass achieved fame by appearing in the networks special program on the 2007-08 financial crisis, House of Cards. He's a Texas-based fund manager who had approached Bear Stearns with his concerns before their two risky mutual funds blew up in the summer of 2007.

From Bass' remarks on camera, the special Congressional commission allegedly investigating the sources for the crisis- as if it was so hard to do- is going to get quite the earful about Fannie's and Freddie's responsibility for the mess.

And that, of course, will hopefully lead to identifying publicly and for more Americans to see, Congressional members Barney Frank, Chris Dodd and Kent Conrad as chief among their government representatives directly responsible for directing the two GSEs to engage in the behavior that triggered the crisis.

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