Here we had a panel of the top CEO’s and of course they could not foresee the mortgage crisis.

The biggest apologist for the CEO’s was Rep. Darrell Issa (*see Panel Below), surprised me because he represents Oceanside and Vista, two of the hardest hit areas. I don’t know much about Darrell but that everything I have ever heard from and about him makes him out to be a major elitist which is ironic considering the population he is supposed to represent.

The videos below are amazing – the way the CEO’s come across is that they were totally surprised about the subprime mess – LOL

C-Span.org goto video/audio and view “House Oversight and Govt Reform Cmte. Hearing on CEO Compensation: Panel 1 and Panel 2*

***Rep. Henry Waxman (D-CA) chairs a House Oversight & Government Reform Cmte. hearing on executive compensation practices. The hearing examines the compensation and retirement packages granted to the CEOs of three corporations involved in the current mortgage crisis. Witnesses included: Charles Prince, Citigroup, Chairman and CEO (2002-2007), and Stanley O’Neal, Merrill Lynch, Chairman, President & CEO (2003-2007).***