Today Secretary of the Treasury (Baldie), Hank Paulson and Federal Reserve Chairman (Beard-o), Ben Bernanke got called out hardcore by both the Senate Banking Committee and this punk from the crowd. Someone needs to get this guy a guest-posting spot over at Failblog right away.
Baldie and Beard-o were under the gun today defending their proposed $700 billion plan to bailout the entire financial system. While bobbing, weaving and offering their best ‘Trust me on this one’s, they were barraged with questions about how to stop home foreclosures, why we’d want to bailout foreign banks, and why there won’t be any punishment for the companies that are failing. To be honest, I don’t think they gave a straight answer for any of those questions.
via DenverPost: Recession certain without bailout, September 23, 2008