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Thursday, January 17, 2008


Clueless Democrat Confuses Fed Chairman With Treasury Secretary

Strangely, though, it doesn’t have much of an impact on her talking points.

An account of the humorous incident from Reuters:

  U.S. Congresswoman Marcy Kaptur came to a House committee hearing on Thursday prepared to ask U.S. Treasury Secretary Henry Paulson tough questions about his involvement in the subprime mortgage crisis.

  Unfortunately, she was questioning the chairman of the Federal Reserve.

  The Ohio Democrat, at a House of Representatives Budget Committee hearing, said she wanted to know what Wall Street firms were responsible for the securitization of subprime mortgages. She then asked: “Seeing as how you were the former CEO of Goldman Sachs …” But the only person testifying at the hearing interrupted.

  “No, no, no, you’re confusing me with the Treasury Secretary,” said Federal Reserve Chairman Ben Bernanke.

  “I’ve got the wrong firm? Paulson, Oh, OK. Where were you sir?” Kaptur said. Bernanke noted that he was head of the Princeton University economics department.

  “Oh, Princeton, oh, all right, sorry. I got you confused with the other one … I’m glad you clarified that for the record,” she said.

Pretty sad when someone testifying in front of a House committee has to introduce himself to a member of that committee who is supposedly ready to question him.

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