Showing posts with label Bankers. Show all posts
Showing posts with label Bankers. Show all posts

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.