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To: ggersh who wrote (104867)3/13/2014 12:19:40 PM
From: Haim R. Branisteanu  Read Replies (2) of 219226
 
At the US Senate nomination hearing, between the various questions Stanley Fisher was asked how he dealt with head of banks that violated the law. The question was a rhetorical question as Stanley Fisher mentioned the issue of a Israeli Bank Chairman that was already convicted and of course fired from the bank (see below).

haaretz.com
This was an interesting question because why on earth would anyone ask such a question the Vice Chair of the FED. I do think that some SI members know the answer, and I do hope that I am correct.

More so the fact that Stanley Fisher read his answers from written documents it is clear that those hearings are only for public show as if they really grill the candidate at a time they meet him based on the statements made at the hearing several times before and I think they prepared the public script of questions and answers to keep the appearances.

Why hold those hearing at all? the average citizen does not understand or watch those nomination hearings anyway, for me it was the first time
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