Ok, so we can sort of understand the utter ignorance of many lawmakers about markets and modern finance in general. We can’t expect all of them to possess the kind of Maxine Watersesque encyclopedic knowledge of swap credit defaults and other complex derivatives.

But never using, and therefore by extension, not knowing how to use an ATM machine is just beyond dumb. I mean, how out of touch with reality do you need to be to still drive up to the bank teller, fill out a withdrawal slip and wait for the cash?

Just ask Democratic Sen. Ben Nelson. Continue reading »