First Posted: 04- 7-10 10:36 AM | Updated: 04- 7-10 10:48 AM
Michael Lewis, the celebrated author of "The Big Short," claims that about 50 House Republicans skipped a December hearing by Federal Reserve chairman Ben Bernanke. Instead they spent to spend three hours with Leiws talking about the financial crisis.
The lawmakers, who are members of the House Republican book club, were stunningly uninformed about major elements of the crisis, says Lewis, during a recent conversation with Vanity Fair editor Graydon Carter:
"And their questions were increasingly: 'Oh my God, Goldman Sachs did what? A.I.G. did what?' They didn't understand it ... At the end, there was smoke coming out of their ears. I thought they were going to go kill someone at the end of it,..
The minute they started to understand, they were outraged. And I think the more things are explained, the more outraged people will get."
At first, several dozen of the lawmakers told Lewis that they were going to leave early to attend the Bernanke hearing but they stayed because "they said, 'We never learn anything from him [Bernanke], he never explains anything to us'," according to Lewis.
source: http://www.huffingtonpost.com/2010/04/07/house-republican-book-clu_n_528385.html
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Michael Lewis, the celebrated author of "The Big Short," claims that about 50 House Republicans skipped a December hearing by Federal Reserve chairman Ben Bernanke. Instead they spent to spend three hours with Leiws talking about the financial crisis.
The lawmakers, who are members of the House Republican book club, were stunningly uninformed about major elements of the crisis, says Lewis, during a recent conversation with Vanity Fair editor Graydon Carter:
"And their questions were increasingly: 'Oh my God, Goldman Sachs did what? A.I.G. did what?' They didn't understand it ... At the end, there was smoke coming out of their ears. I thought they were going to go kill someone at the end of it,..
The minute they started to understand, they were outraged. And I think the more things are explained, the more outraged people will get."
At first, several dozen of the lawmakers told Lewis that they were going to leave early to attend the Bernanke hearing but they stayed because "they said, 'We never learn anything from him [Bernanke], he never explains anything to us'," according to Lewis.
source: http://www.huffingtonpost.com/2010/04/07/house-republican-book-clu_n_528385.html
Subscribe to the Rightardia feed: feeds.feedburner.com/blogspot/IGiu
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