The financial situation in DC

Treasury Secretary Hank Paulson held a press conference today in the continuing effort to shore up public confidence in the US markets, making clear no...

Treasury Secretary Hank Paulson held a press conference today in the continuing effort to shore up public confidence in the US markets, making clear no bailout of Lehman was considered, but being not so clear about whether more federal bailout money may be thrown at the various financial firms currently in touble.

Congress, meanwhile, must show it is doing something -- anything -- so, it thought, "Why not start by holding some hearings?" First to be called on the carpet may be the Lehman Brothers CEO, who has been invited to testify at a hearing by the House Oversight and Government Reform Committee scheduled for September 25.

Watch to see who else may be added to the guest list, which likely won't produce much in the way of practical solutions but should at least provide some good video footage for the the business cable channels.

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