Bachus Jokes About TARP - This is an Insult!

HARDLY a day goes by without another drawn-out Congressional hearing concerning all things Wall Street. Congress has dragged down dozens of economists, regulators and so-called masters of the universe from their respective ivory towers, faceless government buildings and glass-laden high-rises to face the wrath of the American people. While the hearings have yielded important insights on the global financial crisis, they have also illustrated how little some members of Congress know about the very system they are supposed to be overseeing.

Those who have watched the hearings from their desks at work or their couches at home have seen it all in the past few months: grandstanding, off-topic questions, the butchering of names, bad jokes, backhanded compliments, folksy insights and political rancor.

The public’s interest in the economy is at a peak, and more hearings should be expected in the months to come. Here is a look at some of the more bizarre, insightful and hilarious comments uttered by members of Congress in this modern-day inquisition.

“This is going to be a good ‘Saturday Night Live’ skit.”

REP. SPENCER BACHUS, R-ALA., making an off-mic comment at a hearing on TARP accountability

What was Bachus thinking? With thousands of Americans being laid off each day and the unemployment rate in Alabama reaching 10% - does Bachus not realize that this is not a joke… but maybe to him it is.  Maybe he really does not care about the Americans in the 6th District of Alabama as long as he has his Big Bank Buddies continue to give him money.