I'm no fan of Tim Geithner. I think he's a government hack and an elitist tax avoiding weasel. But there is no creature that walks upon the earth that I hold in higher contempt than a US Congressman - even a Democrat Treasury secretary. It's sort of a choice between the devil and the deep blue sea, but watching him testify before these grandstanding circus clowns, it's obvious that he's smarter than they are.
Ollie North he ain't... but on the whole I find myself enjoying those moments when he makes the committee members look like the idiots they are. He may be nothing more than Obama's financial hatchet man, but he understand the basics at least. These congressmen don't have any idea what they're talking about and I hate to see people pretend that they understand banking when they really don't. I especially hate it if it's someone who is going to be writing laws about it.
Go get em Tim.... just walk over there and slap Cummings right in the face and 20% of America will hold parades in your honor.
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All this anger by the congressmen is so disingenuous. I was opposed to the bailout, but all of these A-holes were all for it. Paulson - Bernanke et al were all right there in the fire making the decisions and taking responsibility. And when they did, all these a-holes in Congress sat in the back like little girls crying "Oh Please save us... we don't care what you do just do it quick!!!!" Then when the parties involved stepped up and took responsibilty I think they were wrong, but I recognize that in a situation like that it's an easy mistake to make. and I'm not going to sit here now demanding someone take the fall because emergency decisions made in a moment didn't turn out exaclty the way I hope.
These people in Congress totally disgust me... Democrat and Republican alike.......
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All of this is apparently as a reaction to the Scott Brown election. This is what it looks like when Congressmen try to 'talk tough' and become more populist. Basically it's amounting to one unsubstantiated insinuation after another about how the AIG bailout was really done at behest of Goldman Sachs. since I imagine that's a big part of what the State of the union address will be about, I wonder if team Obama is getting upset at the congress stealing their thunder?
1 comments:
Hear hear. I love that our solons don't seem to understand the difference between debtholders taking a haircut and equity owners taking a haircut. Yes, I'm talking about you, Steve Lynch (though to be fair I doubt Marcy Kaptur understands either).
BTW, a bonus point to Patrick McHenry for being one of the four people in the US who knows the correct pronunciation of "Steagall".
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