Lawmakers Uninformed About Financial Crisis

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eschwerin@rosemontseneca.com

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2010-04-07 20:36:28

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Beau Biden <beaub@comcast.net>

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Hunter Biden <hbiden@rosemontseneca.com>

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David and Joan Schwerin <schwerin@verizon.net>

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Lawmakers Uninformed About Financial Crisis
In a very interesting interview with Vanity Fair, Michael Lewis talks about his new book The Big Short: Inside the Doomsday Machine and a meeting he had with 40 or 50 House Republicans late last year.

Said Lewis: "I was supposed to be there for an hour. I was there for almost three. And nobody left. And their questions were increasingly: 'Oh my God, Goldman Sachs did what? A.I.G. did what?' They didn't understand it... The minute they started to understand, they were outraged. And I think the more things are explained, the more outraged people will get."


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
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