Campaign Contributions Cum Sympathy


The Washington Post’s Dana Milbank is brilliant today in discussing Alan Schwartz, the former CEO of Bear Stearns and the richest welfare recipient in the nation, and his appearance before the Senate Committee on Banking, Housing, and Urban Affairs. Milbank notes that the head of the investment firm that nearly dragged the entire economy down was questioned by sympathetic and apologetic lawmakers who just so happen to have received $20 million as a whole in campaign contributions from the Securities and Investment industry. Watch the video and read the story: