Quote of the day: Bankers with bad attitudes

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Elizabeth Warren, chairwoman of the Congressional Oversight Panel for Troubled-Asset Relief Program Funds, offered this comment on last night’s Rachel Maddow Show what Congress should be telling the banks and credit card companies and why oversight of the industry — in the form of a consumer protection panel — is necessary:

I‘m just saying, look, if you can‘t explain it so the person on the other side can understand it, then you shouldn‘t sell it to them.

Seems a pretty straightforward rule.

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Author: hankkalet

Hank Kalet is a poet and freelance journalist. He is the economic needs reporter for NJ Spotlight, teaches journalism at Rutgers University and writing at Middlesex County College and Brookdale Community College. He writes a semi-monthly column for the Progressive Populist. He is a lifelong fan of the New York Mets and New York Knicks, drinks too much coffee and attends as many Bruce Springsteen concerts as his meager finances will allow. He lives in South Brunswick with his wife Annie.

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