Wednesday, September 24, 2008

Does Congress watch these meetings?

I was wondering whether any of these congress people watch these hearings before they get to have face time. Certainly sounds like I am hearing the same questions and comments over and over again. Call me crazy but they seem to have a great knack for wasting time as the economy struggles. The congress is so far removed from reality that they have no idea what the implications are when credit markets stop functioning. The interbank lending rate has risen again over night and banks are not lending money to each other, to businesses or to individuals. When banks hoard money they stop the economy from functioning.

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