Maxine Waters brings the crazy

Her questions to the bankers are so bizarre that they don't know what to do.  Ken Lewis looks like a deer in the headlights as Waters asks her about offshore loss mitigation efforts.  He can't even figure out what she's talking about, and neither can I.  She also asks the bankers, few of whom are in the credit card business, how many of them have cut credit limits to people on the basis of where they shop.  It's like watching your crazy aunt challenge your boyfriend to prove that fairies aren't real.

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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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