How 2 US Senators Profited From America’s Mortgage Crisis

Easy Money

http://l2.yimg.com/bt/api/res/1.2/OsF90RTCcihfEIdeAiNV2A--/YXBwaWQ9eW5ld3NfbGVnbztxPTg1/http://l.yimg.com/os/publish-images/finance/2016-06-30/4c4e6740-3edd-11e6-886a-a3dc3d4045a0_Corker-and-Warner.pngBob Corker and Mark Warner speaking in an interview with Zillow about mortgage-finance reform

“The idea that Wall Street came out of this thing just fine, thank you, is just something that just grates on people. They think you didn’t just come out fine because it was luck. They think you guys just really gamed this thing real well.”

So said then-Senator Edward E. Kaufman, a Democrat from Delaware, at the Congressional hearing in the spring of 2010 where assorted members of Congress lambasted Goldman Sachs’ activity in the run-up to the financial crisis.

But it turns out two members of Congress actually made money from that crisis, according to publicly available documents. During the crisis years, two now-senators, Mark Warner (D-Va.) who was the governor of Virginia until his Senate term began in 2009, and Bob Corker (R-Tenn.), who took office in 2007, were invested in a fund…

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