Monday, May 10, 2010

How Long Until Alan Grayson Starts Asking Stupid Questions?

From the NY Times:

On top of the unprecedented sum, the European Central Bank reversed its position of just a few days ago and said it would buy government and corporate debt. And the world’s leading central banks, including the U.S. Federal Reserve, announced a joint intervention to make more dollars available for interbank lending.


Several months ago, Alan Grayson was asking questions of Ben Bernanke, wanking wanting to know about "foreign loans." What Grayson was really asking questions about were swap programs between central banks -- fairly standard, run-of-the-mill central bank transactions. But according to Grayson, there was something sinister afoot that he had to get a handle on!

Grayson -- like most people in Washington -- believes his own press clippings. In reality, the man is an idiot. But expect a "serious line of questions" from the Representative from stupidity over this one.