I think this hearing and the one we are going to have Wednesday are essential in terms of getting information from the Administration, particularly the Secretary of Treasury and Chairman of the Federal Reserve, to where we have been, where we are, and where we are going in dealing with the economic crisis. I think there has been hesitancy on part of the Administration to provide that information and as a result, it’s jeopardizing the confidence of the American people and Congress in the action that the Administration is taking to address this crisis.

There is a lack of understanding between the parties testifying and Financial Services Committee. We and the American people are interested in determining where we stand in addressing the economic problems.  There is a shaken confidence level out there and we are trying to repair it.

This entry was posted on Wednesday, November 19th, 2008 at 12:59 pm and is filed under Uncategorized .