In Washington Mutual Case, senator says OTS was 'watchdog with no bite'
In a testy exchange with senators Friday, the former head of the Office of Thrift Supervision denied that his agency fostered a cozy relationship with Washington Mutual that tempered oversight of the Seattle thrift and ultimately resulted in the largest bank failure in U.S. history.
The senate whitewash of the Washington Mutual bank failure is proceeding on schedule.
Former O.T.S. (Office of Thrift Supervision or is that Off Taking Swag) director John M. Reich denied any wrong doing when confronted by the senate for his misfeasance and malfeasance while in office. His cry of "I was only following orders" has gotten may politicians out of problems in the past and should continue to serve the political (criminal) class for years to come.
Since all the senators running this investigation were "only following orders" when they passed the Health Care Deform bill without reading it, they have determined that there can be no basis for holding any government official personally responsible for not doing their job.
The onion.com was quoted as saying that if I "ever attempt to write a humorous article again, they will have my literary license revoked."
What happens when you get to the very top of the chain, and Mr.President says, "I was only following orders!" Hmmm... whose orders???
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