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March 7, 2008

Subprime: One of Those Classic Photos

I'm sure there will be better photo versions of this moment soon, but this sure felt like instant history. We have financial services CEOs Chuck Prince (Citi), Stan O'Neal (Merrill), Angelo Mozilo (Countrywide), and others all swearing to tell the truth before the House Oversight Committee as the mortgage market pile-on is underway.

hands-up-ceos

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Comments

Did I hear Stan O'Neal claiming his pay package could be thought of as reparations for slavery?

Instant classic indeed. You can pick out Angelo Mozilo from that line up so easily, he's the orange one.

how much subprime will affect indian economy?

is really exsits in India?