ah. a commission. fabulous. and more hearings.
In many ways, the frenzy resembles last year’s multiple congressional inquiries into the causes of the 2008 financial meltdown or the taxpayer bailouts for GM and Chrysler. Or this year’s hearings on Toyota, Goldman Sachs and Lehman Brothers.
“It’s about evenly divided between stagecraft and statecraft. They have a job to do. They’re showing constituents they `get it’ in a year when many voters think they don’t,” said Larry Sabato, a University of Virginia political scientist and the author of books on political “feeding frenzies.”
“A lot of it is just for show. You rake the bank executives or the BP bosses over the coals. And everybody gets outraged and feels better.”