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Watch Politicians Pander To Wall Street/Money Printing For Four More Years Here
The hearing for the reconfirmation of the Honorable Chairman of the Year can be watched here live. Wall Street's emissaries can be vaguely seen in the background, taking notes of which Senator will not receive their bonus check this year.
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Would the market or just financials take a swan dive if he didn't get up?
Love to see them screw the vote count up for just 60 seconds.
good luck
I don't know, but you can bet that the $US would shoot up...
The markets are down right now. I'm sure they'll skyrocket once he's confirmed. Buy the dips???
Tyler, please list out who for votes for reconfirmation so we can donate to whoever is running against that person.
Save your money, sir. Contribute to the challenger and you'll find him on-the-take also, perhaps even minutes after being elected, trust me. I mean that's what politics in America is all about, career development, eh? You fashion a pitch, secure your factions endorsement and if you don't get campaign cash immediately from the whoremasters you'll get it after you're elected. From then on its simply a question of voting as expected and putting down roots so you can't be disposessed. Little else matters, least of all those who voted for you. Chisel this aphorism of Stalin's into your mind:
“It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything.”
And if you think I'm being silly or outrageous here, just ask Ralph Nader or Chuck Baldwin.
In principal I agree with you. At minimum, however, a vote to equalize the current majority in either the house or senate would help cause a spending gridlock. My assumption here is that nearly all dems will vote for Bernanke as he is a conduit to continue their spending orgy.
Ideally I would like nearly all members of congress replaced, but that is not practical, at least not yet. And I do agree that we don't really live in a democracy.
You'll excuse me, perhaps, if I don't find the locus of our difficulties in spending, per se, but rather in the most egregious and obvious moral corruption. Your ideal having been expressed above, I feel confident in the fact that you'll find comfort knowing that the people at some point just might find a way of giving new meaning to the word practical.
Agree. However excessive spending, actually debt, and moral corruption are often intertwined.
As are miserliness and an uncharitable heart.
The more generous a fractional reserve banking system is. The more miserliness and misery it creates.
Yup...so we know whether to pat them in the back when we see them..... or whack them with a bat.
If Bernanke is reconfirmed, watch what China does.
As each politico talks they should be running political donors with amounts underneath in scroll format
so you can see the reality.
Bunning is up right now
Might want to watch Bunning. He's going to unload.
Side note, he's referred to a blog mentioning Bernanke receiving Time Magazine man of the year is like rewarding the captain of the Titantic for getting the passengers out safely after ramming it aground.
ZH?
Bloomberg not covering the opening (damning) statements from the likes of Bunning and Shelby
I was on the phone with Vitter's office 3 times this week, including this morning. They said he hadn't made up his mind. Very curious how he votes.
Yeah, so you know which response to give him when you ring him up again this afternoon.
1) Good Job
2) Go Fck Yourself
the u is silent (in more ways than one)
I love how all these senators (and everyone else) claim how Bernanke saved us from complete economic collapse, while implying what a genius he is.
Gee, when someone cant pay their bills lets give them free money to do so. Wow, genius!
Basically, Bernakes really screwed up, but he has learned SO much during the process, that I will vote for confirmation. He tried so very hard! So very, very hard! I will vote yes!
McCain's Redemption?
Reinstating Glass-Steagall would be a near-total reversal of his previous position. It would be recognition of the facts: Banks that are allowed to gamble in the financial markets inherently are gambling with the sovereign credit of The United States, and inevitably transfer their losses to the taxpayer while keeping ALL of the profits for their overpriced staff and executives.
This is often said to be of "benefit" to the public because these banks are public companies. This is a flat lie: Goldman typically bonuses out roughly half of their gross profits, with only a minuscule piece being paid in dividends to shareholders. Other banks have similar compensation policies.
http://tinyurl.com/ycx3qgo
Senator Hutchison just spoke, she is voting no.
Wonder if there is any connection between the way this vote turns out today, and any possible binding deal with China over at Copenhagen tomorrow - does China desire Big Ben to stay on; and if so, how accomodating would they then become in the climate negotiations if he was allowed through the gate?
good luck
All of his supporters are giving him an A for "effort" during the challening times that he presided over and assume he's learned his lessons and knows how to proceed forward. Well in that case I think there's an even better candidate for chairmanship - Madoff, he's definitely gone through even more challenging times running a giant ponzy scheme and definitely has learned his lesson on what not to do to avoid getting caught. I think he'd be even better than Benny at that, so I'd say to Benny's supporters to change their vote to Bernie instead as he'd meet their hopes and expectations even better.
its your mike, fat ho...freakin fix it
Its interesting that many of these politicians come out and say a lot but don't commit to the vote verbally or beforehand. They say well i'm leaning this way or I'm still undecided ect.. Is this their way of posturing so they can get something out of voting one way or the other(favors or deals) sort of bartering tool or is it because they want the focus off of them so the public doesn't associate them personally with this vote, in case things turn ugly. I think I could be more decisive than that if this was part of my job and had been doing it for yrs. These politicians really turn my stomach.