Watch Day 2 Of Bernanke Testimony, This Time Before House Financial Services Committee

Barney Frank quizzing Ben Bernanke has got to be the funniest thing one can see today. So here is your chance to laugh. While not expected to say much if anything of note, using the same testimony as yesterday, Bernanke may engage in a few Freudian slips before the Frank, who has already asked the key question - should the Fed engage in more bond buying in light of the oil price spike. Don't expect a response. From C-Span: "Today, the House
Financial Services Committee can expect to hear more of the same from
 Bernanke as he appears before lawmakers for the second time this week.
They will likely question the Fed Chief on what the Central Bank is
doing to jolt the economy into increased recovery. Committee members
will also want to continue yesterday's line of questioning on how the
Fed is reacting to oil prices that have been going up up up in the wake
of unrest in the Mideast and North Africa."

Watch the live webcast here:

Comments

[AldoHux_IV]

It's disgusting to hear that people give this douchebag any respect, but then again Adolf Hitler was much admired and respected amongst his peers.

How anyone can sit hear and listen to this crap is beyond me.  This is nothing that get's at the solutions necessary for our economy.  It's a waste of time and government man hours that could be used to actually getting some effective policymaking done-- wait a minute I must be smoking crack there isn't anyone in congress capable of doing any effective policymaking.

Let's stop the idiotic show and end the fucking federal reserve already.  Actually, why don't we have the fed first buy up all the trash debt from the sovereign holders then we dissolve the fed and reform the treasury thereby solving the budget and debt problem all in one action.

As a benefit: Satanke, Geithner, Paulson, and all other financial executives should be tried for their crimes against humanity and hanged in public as a show to other greedy bastard motherfuckers that not try what they did or else they pay.

[luk427]

Stoned and burned at the stake works better for me.

[Chippewa Partners]

We need WalStreet Pro to interview Helicopter Ben on prime-time TV with Dr. Frank Luntz doing the blow-by-blow analysis.

[AldoHux_IV]

These people make me sick as to how ignorant they are and how much they love and adore Hitler's views on the economy.

[iinthesky]

I love when people say we can't shut down the Fed and all the things that go along with that idea.. Is it really about ending the Fed? or is it really about money of substance? about telling people the truth? about breaking the biggest monopoly every devised? about bringing real government back into place and not some corporate color of law substitute? about private property? Ron Paul asked a question of The Bernank which he avoided of course which was what is a dollar? Excellent question because the answer opens up pandoras box. I read someone said killing the Fed will destroy the country. I say we're already in the final phases of being destroyed incrementally with the Fed at the helm. I say I've never ever been paid for my time or labor in my lifetime. I say I cannot own property and if you think you own your car and your house you're sadly mistaken. I say that irredeemable notes drawn on a private bank (The Fed inc.) are all I've ever been given and that these notes create a lien/mortgage against everything they touch. There's more going on here than slaying a central bank. Much more!

[OMG]

+1

See Hierarchy hint something about a club & you ain't a member

[ElTerco]

Two hours and seventeen minutes into the testimony, Bernanke comes clean and admits he is blowing another bubble.  I know he's said this before, but you can tell he's just itching to say he's effectively blowing another bubble.