Bernanke opening statement here:
http://www.federalreserve.gov/newsevents/testimony/bernanke20080923a1.htm
The commies are going to suck all the blood out of their host and die along with it. They can’t help themselves.
The question will be how much pork the dems can stuff into the bill before they recess this Friday.
FoxNews
Bush to new Paki President: “We want to spread prosperity...”
[Does that mean another few hundred $$$billion to our foreign friends? A few billion here, a few billion there. Here a trillion, there a trillion. It’s all just paper anyway. /s ]
Mark Twain
The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville
We have met the enemy and he is us.
Walt Kelly
We are so screwed.
mewzilla
Dodd has no business chairing this hearing. He and Frank need to be called out for roles in this debacle.
Just heard a report that Wall Street is lobbying Congress to include bad car loan debt and credit card debt!! It is truly stunning!!
Now we might have to pay for the houses, cars and credit cards of the ‘looters’...(Atlas Shrugged term).
UNFREAKINGBELIEVABLE!!
Richard Shelby is such an idiot. Chris Dodd was the #1 recipient of Fannie Mae cash, and spent his time taking shots at Wall St., “golden parachutes”, and Bush (”we need a strong President”). Then Shelby comes on and says NOTHING about the Democrats who led us down this path.
place holder
Why bother with this sham ?
They could have just sent a junk mail notice that they have been pre-approved for $700 billion !
Lockhard: The deterioriation of the financial system was faster than we anticipated.
TRANSLATION: We hoped to get to January 21, 2009 before it fell apart. Then we could leave it to the next president. We didn’t make it. We fell 4 months short. Darnit.
Paulson — with a straight face: “This all about the American taxpayer. The taxpayer is all we care about.”
[Yeh, right! It is all about the taxpayers coughing up $700 Billion for this and another $500 Billion the Dems are working on. That adds up to $1.2 Trillion, just in these 2 bills.]
Honestly, Mr. Paulson, we taxpayers can’t afford much more of YOUR kind of help.
You know what I don’t get? Why is it that Sec. Paulson can testify that the regulatory system didn’t fit the model, but he can’t testify that “hey, you guys effed-up.”
Is it fear of congressional retaliation?
Paulson: “We going to need to...we are going to have to... if, if, if...”
==
Going to need to? Going to have to? If?
What have you been doing for the last two years?????
Paulson: “We need something to work...for the American people.”
[We screwed up and let this crisis happen, so trust us with $700 Billion to fix it. Oh, and there is no guarantee that this $700 Billion will work.]
Bernanke, Paulson, both should be locked up in chains. They have been lying and cheating for decades and have enjoyed turning the stock market into a cheap riverboat casino.