Watching the bailout hearings on TV today I’m reminded of what I’m reminded of every time I watch congressional hearings — hearings are useless.

But it seems to me that this crisis may have created a situation that’s well-suited to congressional hearings — someone should drag a whole bunch of financial services company execs before congress to get yelled at and humiliated. That wouldn’t accomplish much of anything of value, but it’d be fun to watch.