Wednesday, February 11, 2009

Congress grills the CEO’s – Grade F

While stuck in traffic, I got to listen to about 1 hour of the CNBC coverage (on Sirius) of the congressional hearings involving the bank CEO's. While the CEO's did not come off smelling like a rose, our congressmen (and women) managed to make themselves look like complete morons.

My favorite part involved a congressman asking one of the CEO's why other banks turned down the TARP money. Although he politely answered "to avoid government interference in their business," one could hear him thinking "to avoid BS like this hearing."

No comments: