By Mary Kate Cary, Thomas Jefferson Street blog
I came across this in the Los Angeles Times by a writer named John Kenney. It’s a comedy take-off on the Goldman Sachs Senate hearings involving Sen. Ted Kaufman and Josh Birnbaum, former Goldman Sachs managing director. Let’s just say Kenney adds some dialogue beyond what was actually stated. Here’s an excerpt, but if you need a laugh, it’s worth reading the whole thing. Hilarious:
SEN. KAUFMAN: Mr. Birnbaum, do you know what a stated income loan is? I ask this not because I doubt for a second that you actually do know what a stated income loan is, but because I want to appear condescending and tough on Wall Street, despite receiving millions of dollars from firms like yours.
MR. BIRNBAUM: Thank you, senator. I'd like to use sarcasm in my response and say that I have no idea what a stated income loan is. You'll notice that my facial expression suggests otherwise. Also my raised middle finger.
What makes it so funny is the level of derision aimed at both the politicians and the bankers throughout the piece. It’s a race to the bottom in terms of public opinion for them all.