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Jack Donaghy’s Alter Ego on the Financial Crisis

October 7, 2008

Linked from the National Review:

Alec Baldwin on Bill Maher

The, the thing we have to remember, a friend of mine who is very close to the financial community in New York pointed out that Democrats have a lot of the responsibility for this as well. I mean, it was Clinton who killed the Glass-Steagall, and it happened under a Democratic president. Barney Frank and his committee, they, they kept propping up Fannie Mae and Freddie Mac saying everything’s fine, everything’s fine, everything’s good. And it was his job to know everything wasn’t fine. And Barney Frank let you down and let us down as well. And so, but I want to say there’s blame to go both ways. But I will say, I want to, I maybe keep beating this to death, but I still think anyone in this Congress who voted to add $140 billion to that bill, they should be ashamed of themselves. That is a disgrace. It’s a disgrace. This Congress is a disgrace, Democrat and Republican.

As we all know, he is completely wrong on Glass-Steagall as subprime had already started. It is interesting to see Jack Donaghy (Alec Baldwin’s Republican character on 30 Rock) inform the usually super-liberal Alec Baldwin’s opinion

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