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Not_Bill_Oneil

01/17/08 3:30 PM

#470 RE: Not_Bill_Oneil #468

Actually, the House Budget committee questions...

this morning and comments gave me even less confidence than anything Bernanke said to answer them or during his testimony.

Many of the members of the committee congratulated the chairman for his great work to date and especially last fall for stepping in and correcting various crisis.

The highlight was when Congresswoman Marcy Kaptur from Ohio also referred to him as the ex-CEO of GS.

Yes, while she's another one championing quick action now to stimulate the economy, she's not clear on who the Fed chairman and Treasury Secretary are. It was not a casual slip, she really didn't know.

The whole thing was disheartening.