Another post from the weekend news coverage. (When football season starts, I assure you I will not be watching CNN Newsroom on a Sunday afternoon!)
This time, the host was Fredricka Whitfield and she reached some "financial expert" named Daria Dolan on the phone to discuss the passing of the financial reform bill. Mrs. Dolan immediately betrayed where she was coming from with this comment:
Maybe if they had more time instead of trying to rush this through like everything else, they might have done some good for us.
WTF!?!?! You know, I am very willing to listen to the criticisms from people "in the know" about the bill. In fact, I want to hear what people are saying about it as it is a topic I really care about. However, to say that they rushed it through!?!?! That is fucking ridiculous. The financial system essentially collapsed in September 2008 when Lehman Brothers failed. For better or for worse, TARP was passed in October 2008. And yet, Mrs. Dolan claims this was "rushed through"!?! That is bollocks!
Then, she proceeded to name some of her concerns with the bill. They included "Bank Stocks Could Under-Perform" (meaning people who have invested in bank stocks could see less return on their investment). Okay? Got that? I will say that is not really a concern of mine but fair enough... that is her concern.
Then Ms. Whitfield asks her the question: "who is the big winner (in this bill)?"
Mrs. Dolan's response, I shit you not, is "hmmmmm... the banks will be the big winners." What the hell?!!?!? I thought we were supposed to be concerned that the banks weren't going to be very profitable anymore?
I am looking forward to about six weeks from now when the majority of the bullshit I hear on Sunday afternoon is being flung by the likes of Brian Baldinger, Dan Dierdorf, and Rich Gannon.
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