Posted on 09/24/2008 7:00:35 AM PDT by SE Mom
Federal Reserve Chairman Bernanke testifies on economic outlook at 10 AM
Bernanke and Treasury Secretary Henry Paulson testify on bailout at 2:30 PM
(Excerpt) Read more at cnbc.com ...
http://www.cnbc.com/id/15839285
The 2:30 hearings will also be on C-span live
Hearings ping
The 10 AM hearings are in the Senate- Schumer is up first
Thanks for the ping! Hopefully, I can get back before it starts..but will studiously read every single post no matter what!
Hoping the pubbies don’t come out of the meeting this morning supporting this stuff! Waiting on that News Conference before I leave the house.
Thanks for the ping! Hopefully, I can get back before it starts..but will studiously read every single post no matter what!
Hoping the pubbies don’t come out of the meeting this morning supporting this stuff! Waiting on that News Conference before I leave the house.
These streaming links for MS Player worked for the hearings yesterday. They may work again today for the House hearings.
FYI
CNBC stream
Copy and paste link for MS Player
mms://a1340.l2362426592.c23624.g.lm.akamaistream.net/D/1340/23624/v0001/reflector:26592?auth=daEaxbHd1cOcLdYa.bgdfdMdAbmckaWbSa0-bi2qQd-bWG-OXNO&aifp=abc
CSPAN stream
Copy and paste link for MS Player
mms://rx-wes-sea83.rbn.com/farm/pull/tx-rbn-sea007:1459/wmtencoder/cspan/cspan/wmlive/cspan3v
At one point in my life, I was an internal auditor, and I still have an auditor’s perspective on proposed government programs.
That perspective is nicely in sync with my conservative philosophy, and both lead me to evaluate using this question:
“If the most corrupt and incompetent people I’ve ever seen in government were in charge of this program, what safeguards are in place to minimize the damage they could do??”
The Paulson plan falls way short using that test.
Schumer saying he’s hearing from car manufacturers- no one can get a car loan- car sales will go down because of tight credit.
Saying we will not “Christmas tree this bill”...they will not add unecessary junk.
CNBC Stream [updated link for Senate hearing]
Copy and paste link for MS Player
mms://a1340.l2362426592.c23624.g.lm.akamaistream.net/D/1340/23624/v0001/reflector:26592?auth=daEaqbRbPard6bQb7bCaiaScCaZblbHcrax-bi2KOP-bWG-RXNM&aifp=abc
ping for hearings- Chucky up- giving his opening statement- sounding more like he wants this done NOW than he did yesterday.
Sounds like there’s going to be rage and fury, wailing and gnashing of teeth- and then Congress will pass this bill.
All sorts of businesses are lining up to get pork from the dems....(eye roll). I guarantee you that folks with good credit can go out today and get a car loan.
I pray the FBI gets to the bottom of this scam, but not holding my breath just yet.
Paulson’s Track Record Not So Strong on Facts
http://www.foxbusiness.com/story/markets/economy/paulsons-track-record-strong-facts/
When Treasury Secretary Henry Paulson trekked to Capitol Hill Tuesday to sell his (latest) proposal to unwind the mess flowing from the mortgage meltdown, he had a track record to contend with…and a cloudy crystal ball.
The Secretary’s public statements and forecasts have been less than stellar, suggesting members of Congress may want to take his latest predictions and broad brush statements with a degree of caution.
On Jan. 18, speaking about the proposed “short term growth package” — neither the White House or any members of the Administration called it a “stimulus” until it was signed into law — Paulson asserted “the long-term fundamentals of the economy are strong, and I believe our economy will continue to grow.”
At the end of July, the Bureau of Economic Analysis reported the U.S. economy did not grow, but actually shrank during the first quarter of this year (January-February-March).
At the end of January, Paulson was pushing the “growth” package, which included tax rebates and told the Real Estate Roundtable it “is expected to help create more than half a million jobs by the end of 2008. We know from experience that both immediate tax relief for income tax payers and incentives for businesses to invest and hire are effective in creating growth and jobs in the short-term.”
-—more at the link————
That is the first I have heard about Chase!
Thread bookmark
I have gotten four credit card solicitations this month, two of them in the last ten days.
Hank Paulson will soon be buying some assets that are backed by your unpaid Chase late fees.
Well, with a source like that, who wouldn't worry??
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