Tuesday, February 11, 2014

House Financial Services Committee Member Admits She Doesn't Understand what FED Chairmen were talking about?

I guess you don't need any actual financial services experience in order to get this job.


The Fed chair drew praise for her direct responses. Rep. Shelley Moore Capito, R-W.Va., said she'd been able to understand more of Yellen's answers than she had the responses of Bernanke or Greenspan.

At times, Yellen was blunt. Asked what impact a failure to raise the federal debt limit would have, she said, "Frankly, it would be catastrophic to not raise the debt limit."

Oh wow, Shelly Moore Capito needs to be put into a different committee ASAP. She admits that she didn't understand the responses that Greenspan and Bernanke gave her? But she is ruling on things important to the entire world economy and doesn't understand what the FED chair is saying/

In fact she seems she is more trained for the Agriculture, Nutrition and Forestry Committee according to her bio.

Capito graduated from Duke University with a Bachelor of Science in zoology and holds a Master of Education from the University of Virginia.

I'm sure she was a great teacher/zoologist but I figure she needs at least a little financial experience to be part of the Financial Services Committee. Hopefully, she took a few economic courses between zoology classes. 

Also whoever asked Yellen that idiotic question about the debt limit needs to lose their Committee membership as well. That is just asinine and is so very Ted Cruz-ish and that person should be ostracized.

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