Stupidity is exacerbating the economic crisis

http://news.hereisthecity.com/news/business_news/…

These people are so fucking clueless. They have absolutely no idea of whats goes on on Wall Street and they have no idea what goes on in the government.

A fucking congress woman is asking the following questions:

Congresswoman to Geithner: Is your CEO associated with Goldman Sachs? Geithner: My CEO?

CW: Was Goldman Sachs involved in the decision to let Lehman Brother go under? Geithner (confused): That was a decision made by the government. CW:Was Goldman Sachs interested in buying Bear Sterns? Geithner: There were alot- CW: I'm sorry, I don't have time for the specific details, I wish I did. Was Goldman Sachs interested in Bear Sterns?

No wonder the country is going down the shitter. These are the people that are "fixing" the economy, seriously?

9 Comments
 

CW: Is it true that Goldman Sachs is a group of Illuminatis sent here to destroy America for their profit?

Geithner: To even begin to answer that would be-

CW: Mr. Geithner, I don't have time for details. Goldman Sachs is pure evil. Is this correct?

Geithner: I understand that there exists some concern about Goldman, but this is not in touch with reali-(gavel bang--time expires)

 

We just talked about this in one of my classes (audit related as it was in my grad accounting class, but the same principles apply). Basically, my professor argued that although the PCAOB was more independent than the AICPA as a governing body, they were completely incompetent because none of the 5 members had been in the audit profession in recent years.

Likewise, I feel like the majority of Congress is incompetent and has no clue what is going on but feels pressured to act. They're probably more worried about getting re-elected than doing what's best for the country in the long run.

 

Yeah shes an idiot lol i can only imagine what the people at goldman are saying about her. Clearly she lacks any sort of perspective.

 

I saw this live and it bugged the shit out of me. Rather than analyzing problems and finding solutions, let's just whip up a good conspiracy theory.

Drexel - If it is an surprise, she is a Dem from California. I have a buddy born and raised in Cali and everyone there is an "independent thinker" trained to decide things on your own rather than accept fact. My friend believes all the 9/11 government conspiracy theories, aliens exist on Earth, and the moon landing was fact. They practically teach this shit.

All government officials get to me but representatives take the cake. These are uneducated morons that lay the blame and react on emotions. Every once in a while there will be a senator with something half intelligent to say, never from a rep.

You know what they say Marcus - C students run the world.

 
Best Response
drbickertonI saw this live and it bugged the shit out of me. Rather than analyzing problems and finding solutions, let's just whip up a good conspiracy theory.

Drexel - If it is an surprise, she is a Dem from California. I have a buddy born and raised in Cali and everyone there is an "independent thinker" trained to decide things on your own rather than accept fact. My friend believes all the 9/11 government conspiracy theories, aliens exist on Earth, and the moon landing was fact. They practically teach this shit.

All government officials get to me but representatives take the cake. These are uneducated morons that lay the blame and react on emotions. Every once in a while there will be a senator with something half intelligent to say, never from a rep.

You know what they say Marcus - C students run the world.

I think your opinion is based upon a small sample (one person) although it is surprising that people of california would elect this idiot. MA and Cali have the most colleges representing in the top 100 Universities (us news) so i would expect the general population being decently educated.

 

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