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Countrywide CEO Disgusted By His Customers

There are lots of rules for being a decent person. None of them apply to banking, as we’ve seen again and again lately. But you’d think a certain level of smarts would accompany the lack of decency required to run a banking institution, and that level of smarts would include an understanding that when your house is on fire, you don’t piss on the firemen.

Interest In Bailout Bill Shuts Down House Web Site

The U.S. House of Representatives Web site was shut down yesterday along with a number of related sites including the Web sites of House Speaker Nancy Pelosi of California and House Financial Services Committee Chairman Barney Frank of Massachusetts as millions of people went online searching for news about the $700 billion bailout of the financial industry.