The Relentless March of the Financially Clueless

Congress Plays the Blame Game

As expected, Congress is fully engaged in grandstanding and pontificating over the Paulson/Bernanke bailout plan.  Public statements from congressional hearings serve as a catalyst for continued volatility in the markets.  The Democrats countered Paulson’s three-page bill with a forty-page bill of their own.  “OK Mr. Paulson, I’ll see your $700 billion and raise you another $300 billion!”  Read more