Wednesday, February 11, 2009

House Committee Grills Bankers

As the House and Senate agreed to a $789 billion stimulus package on Wednesday, the CEOs of 8 major banks were testifying before the House Financial Services Committee. Addressing the bankers, and it seems, everyone else in the room, Chairman Barney Frank said, "There's a lot of anger in the country, much of it justified."

Committee members questioned, castigated and berated the bank executives. Rep. Michael Capuano (D-MA) made it clear that "America doesn't trust you anymore."


Thanks to TPMtv

Nor do Americans trust Congress to right the economy. A Rasmussen poll released Wednesday says that 67 percent of voters "have more confidence in their own judgment than they do in the average member of Congress." Fifty-eight percent agreed that "no matter how bad things are, Congress can always find a way to make them worse."

One hundred percent of them better hope that they are wrong.