Sausage-Making, Live

If you like congressional sausage-making and its notoriously ugly and boring processes, then you are in luck: the conference process has begun for financial reform, meaning a handful of Democrats and Republicans have convened to merge the House and Senate bills, and C-SPAN is televising it.

This is a public opening to the proceedings, with lawmakers taking turns giving formal opening statements. More meetings will follow. At the Business Channel, Daniel Indiviglio explores why it's being made public, and whether it will matter. Many of the important decisions can, and likely will, still happen behind closed doors as deals are made and opinions are massaged. But at least some of it is going to be public and viewable. Dan asks, importantly: if no one watches, does this transparency matter?