I suppose that it's progress since they're actually showing this time instead of dialing in remotely, like they did with Obama. For most people in business, they fly in the day before to avoid any last second travel problems but the bank executives are too important to do such a thing. They're important, you know. Much more important than anyone else, including the president of the United States. As long as everyone understands that we will be just fine and dandy.
The hearings on the financial meltdown started today. From CNBC:
Some U.S. bank executives are taking the corporate jet out for a spin to Capitol Hill, as they explain the causes of the banking crisis to a U.S. Congressional panel.SEIU is liveblogging the Financial Crisis Inquiry Commission (FCIC) hearings. The hearings are also being televised and livestreamed on C-SPAN2.
At least two of the four bank chiefs scheduled to testify on Wednesday in front of the Financial Crisis Inquiry Commission are arriving in Washington by corporate jet.
The commission is a 10-member group formed by the U.S. Congress to examine the causes of the financial meltdown.
