I can’t figure out if he’s formed an opinion.
* “Mr. Greenspan…oops, Freudian slip”
* “WE SHOULD SEND YOU BACK TO PRINCETON”
* [gratuitous mention of how he used to play baseball]
* “You are the definition of a moral hazard”
* “I will do everything I can to block your reign of terror”
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Bring back that war hero Phil Gramm as head of the Fed!!! That will get this country running again! Gramm has never flip-flopped and is true to the Cause.
~Republican “Oath-er”
Listening to him trying to read that rant was painful.
Tuh…Tuh…Tuh…TODAY JUNIOR!
Serious question, is Princeton still an all-girls school?
Who cares about what any Repub in Congress thinks. We are going to be paying for their trailer-trash ideology for a long time.
Bunning, please stfu you’re making us look like imbeciles. He sounded like the NASCAR version of Barney Frank.
Serious question: does Wharton still not accept Jews?
@6 why did you think that completely stupid/lame joke was funny?
@4, Please remove Barney Frank’s cock from your mouth.
Dear Senate:
I am writing to you today with a heavy heart but also with a strong sense of obligation. I am sad that things have gotten to the point they have on the hill. Today, my son was paraded in front of your “committee” to discuss the merits of his work thus far and whether or not he should continue his patriotic duties as Fed Chair. However, this hearing was nothing more than a farce in which your “representatives” made my son endure hours of name calling and accusations which were false and misleading. I fear if this activity continues, he will cry. Please cease and desist this “hearing”.
I hope the Senate reacts responsibly.
KThxBye,
Ben’s Mom
@4 oh i see so you guys are what the refined fiscally responsible ones? Yeah…umm Obama ha spent 3 TRILLION in 10 months and uses Bushes deficit of 1 Trillion to justify it. Furthermore he has assholes like you who actually think what he is doing to this country is going to make us better. Just face the facts you voted for him and you wrong. Just dont do it again.
Bernanke: You want answers?
Jim Bunning: I think I’m entitled to them.
Bernanke: You want answers?
Bunning: I want the truth!
Bernanke: You can’t handle the truth! Son, we live in a world that has deflation. And that deflation must be fought by men with monetary policy authority. Who’s gonna do it? You? You, Rep. Grayson? I have a greater responsibility than you can possibly fathom. You weep for the U.S dollar and you curse the Fed. You have that luxury. You have the luxury of not knowing what I know: that the dollar’s demise, while tragic, probably saved jobs. And my existence, while grotesque and incomprehensible to you, saves jobs…You don’t want the truth. Because deep down, in places you don’t talk about in the cloakroom, you want me in that chair. You need me in that chair.
We use words like savings glut, productivity, and monetary base…we use these words as the backbone to a life spent monetizing the debt. You use ‘em as a punchline. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of economic prosperity I provide, then questions the manner in which I provide it! I’d rather you just said thank you and went on your way. Otherwise, I suggest you pick up a bar of gold and stand a post. Either way, I don’t give a damn what you think you’re entitled to!
Bunning: Did you order the debasement of the dollar?
Bernanke: (quietly) I did the job you sent me to do.
Bunning: Did you order the debasement of the dollar?
Bernanke: You’re goddamn right I did!!
@8 Barney is in his asshole. he is a bottom guy.
@11 I always loved the gratuitous shot at Lt. Weinberg.
@11 very well done but does this mean all US citizens are kicked out of our jobs and Ben goes to Federal prison?
Who has to fuck Pelosi? You opened up quite the can of worms.
@11, +1 giant influx of fiat money
I beleive he said “Fraudian slip” in a rarely seen implementation of the “Double Freudian slip”. Bravo sir. Bravo.
@11, @16 Very nice.
Ditto @17, really solid effort.
Outstanding irony as Bunning committed a Freudian Slip in trying to say “Freudian Slip”, instead saying “Fraudian Slip.” I’d say this is because he knows he himself is a fraud, but he’s too batshit for that level of awareness. I really loved when the entire room literally laughed at him when he was through.
Whoops…just noticed @16 caught the same thing I did.
@ 19 – we may have noticed the same thing, but definitely disagree on who the fraud truly is. Although Bunning’s delivery leaves much to be desired (seems like it was scribbled on a cocktail napkin and smeared from scotch on rocks condensation), his depiction of the greatest heist in history could not have been more accurate. -16
Still a little hung up on the fact that Congress has a tough time scheduling floor space for confirmation hearings,chunking out time to read trillion dollar healthcare bills, or learning to deliever words off cocktail napkins without mishap. Thought these guys were pros?
Good news is, we all know that Bonds is off the juice as a result of their hard work. Amidst gripping testimony and instances of misremembering last spring (when there was nothing else going on of an consequence in America) we got to see these lawmakers to do what we voted them in office for: to clean up professional baseball.
Cheers, for all the hard work.
@11 – pure comedy gold.. pure gold…. unlike our monetary system, which will soon be toilet paper unless something is changed. :P
I’d have said something of how no credit bubbles can form without excessively easy credit / printed money, which only sparingly existed in the 19th century, but were institutionalized with the Fed, and has led to the many depressions since.