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Bernanke Testimony Reprise: This Time With Maxine Waters And Barney Frank

Tyler Durden's picture




 

Ben Bernanke's prepared remarks in today's second session of his semiannual Humprhey Hawkins testimony will be identical to yesterday's, but one thing is certain: the questions asked of the Chairman will be far more colorful, courtesy of the inquiry of such penetrating financial experts as Barney Frank and Maxine Waters et al.

 

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Wed, 07/18/2012 - 11:26 | 2628218 ejmoosa
ejmoosa's picture

Ron Paul makes Bernanke look like a deer in headlights with even the simplest of questions....

Wed, 07/18/2012 - 11:30 | 2628232 Arkadaba
Arkadaba's picture

BB definitely says no inflation. We shall see.

Wed, 07/18/2012 - 11:38 | 2628263 Segestan
Segestan's picture

Bernanke is about 100xsmarter than those two ass clowns. He must hate these question sessions.

Wed, 07/18/2012 - 11:44 | 2628287 JmanSilver.Gold
JmanSilver.Gold's picture

MFin WOW !  all I can say.  COUNT THE FUCKING LIES from the Chairsatan today !    Oh yeah BennyFraudBucks, your corrupt shithole bankster gangster organized crime syndicate is TOTALLY TRANSPARENT !  

TYLER, you guys should have about a years worth of material just on the lies told today.   Yes, benny is SO transparent, all any member of Congress has to do is ask to see the books and information about the FED or the FOMC, and done, Benny promises he will provide !  LOL what a fucking crock of shit !

First of all, most are in bed with him, and wont even ask.  For the guys like Mr Paul that have asked, theyve been stonewalled.

OK bennyfraudbucks,,,,Im a US taxpaying citizen.  TODAY FUCKFACE,,I have a wishlist,,,,I wanna see, LIKE YESTERDAY ASSHOLE,,,

the entire Maiden Lane portfolio, with all footnotes

ALL CONTACTS during the week of September 21, 2008 between yourself, Bush, Cheney, HankyPanky Paulson, Sheila lyingcunt Bair, Jimmy Demon, Lloyd Blankfraud, and anyone else that was facilitating the broad daylight BANK ROBBERY of Washington Mutual, in order to save JP WHOREGAN.

I also want ALL CLOSED discussions of your so-called QE1 and QE2 notes, and footnotes, which Im sure you will willingly hand over.

Close of business today Mr Fraudbucks.   Im holding my breath,,,,,,right now !     Fuckin lying bastard.

Wed, 07/18/2012 - 11:45 | 2628294 sunnyside
sunnyside's picture

We are so screwed because we cannot think or plan more than 5 minutes ahead.  BB says they lower interest rates to spur demand.  We are fucked in the future like a drug addict needing more.  What the hell happened to demand from productivity and wages?

  I wish someone would ask about this and the idea that debt driven demand does nothing more than pull future demand forward.  Sixteen trillion of demand pulled forward seems to me to be enough of a test to call bushit on this type of policy.

Wed, 07/18/2012 - 11:49 | 2628309 flacon
flacon's picture

Here comes Ms Waters! 

Wed, 07/18/2012 - 11:50 | 2628314 ZippyBananaPants
ZippyBananaPants's picture

I can red, i mean read.  I can speak.  Nice wig maxine!!

Wed, 07/18/2012 - 12:16 | 2628488 flacon
flacon's picture

You ray-sis!

Wed, 07/18/2012 - 11:50 | 2628315 Fix It Again Timmy
Fix It Again Timmy's picture

And why should Maxine Waters still be thought of a slave, bound in shackles and relentlessly exploited?

Knowledge makes a man unfit to be a slave. ?– Frederick Douglass!!!!

Also, even at a young age, Ben Bernanke showed great promise of becoming a Federal Reserve Board Chairman:

http://www.youtube.com/watch?v=szwclmmKwLg

 

Wed, 07/18/2012 - 11:51 | 2628327 Jena
Jena's picture

I wish Maxine's wig would fall off as she reads her prepared questions.  It would add some value to her presence on the committee.

Wed, 07/18/2012 - 11:53 | 2628332 Blankenstein
Blankenstein's picture

If this wasn't written up for her ahead of time she would have NO idea what to ask or say and she also has know idea what these prewritten questions mean. 

Wed, 07/18/2012 - 11:53 | 2628337 ZippyBananaPants
ZippyBananaPants's picture

Well they pulled the plug on her, nice view of the capitol bulding.  nice fountian.  

Wed, 07/18/2012 - 11:55 | 2628352 Jena
Jena's picture

Want some popcorn, Zip?

Wed, 07/18/2012 - 11:57 | 2628360 ZippyBananaPants
ZippyBananaPants's picture

Popcorn sent me to the dentist, $1,500 later I was told by my wife not to eat popcorn any more.  So yes, I would like some, but should not.  Thanks for the offer.

Wed, 07/18/2012 - 11:54 | 2628338 flacon
flacon's picture

WOW, CSPAN just cut Waters off! What was she on about when they cut her off? Oh yeah, mark-to-fantasy vs. mark-to-market MORTGAGES. 

 

 

Wed, 07/18/2012 - 11:54 | 2628339 doc_in_the_house
doc_in_the_house's picture

DUMB and DUMBER

answers to the housing regulators:

maxine water: "it it ain't broken, don't fix it"

barney frank: "i want to keep rolling the dice on the housing BUBBLE" = YES U CAN to no doc (liar loans) and SUBPRIME...weeeeee!!!!!

Wed, 07/18/2012 - 11:56 | 2628356 Getting Old Sucks
Getting Old Sucks's picture

must be some shit we're not suppose to hear about.

Wed, 07/18/2012 - 12:03 | 2628406 sunnyside
sunnyside's picture

I have porn streaming on another tab.  Didn't notice.

 

Wed, 07/18/2012 - 12:17 | 2628497 Jena
Jena's picture

Maybe she asked him something about Compton, or upcoming trouble in cities in her district like Inglewood, Hawthorne or Gardena.

Wed, 07/18/2012 - 12:02 | 2628392 OmNamah
OmNamah's picture

I had told every looser here about this rally and about impending change in big global macro trends. But since I m not as big as most of the fools, you ignore me.

 

Every guy using zero-hedge trading will make big loss on margin account but will gain immensely in skepticism, world view, and knowledge. Zero hedge is a revolution in space of blogging for sure, not trading. Its different where emotions have no place.

Don't again say I din warn you (you can search my post of last one-two weeks). Again my views are posted here www.bubbleshort.blogspot.in

Wed, 07/18/2012 - 12:04 | 2628409 roadhazard
roadhazard's picture

You would have thought that with R.Paul having his Last Chance to grill Berstankie he would have had something razor like prepared, he didn't.

Wed, 07/18/2012 - 12:09 | 2628439 Blankenstein
Blankenstein's picture

House prices aren't depressed, they are falling in line with incomes. 

Wed, 07/18/2012 - 12:09 | 2628446 flacon
flacon's picture

Here comes David Scott....  what a piece of work. 

Wed, 07/18/2012 - 12:15 | 2628478 flacon
flacon's picture

He is asking Bernanke what he should do as a government official - because he doesn't have a brain to know what to do himself. These congressmen are a bunch of loosers!

Wed, 07/18/2012 - 12:10 | 2628451 michigan independant
michigan independant's picture

 Most Juggalo bank criminal groups are not motivated to migrate based upon traditional needs of a gang elected in November. However, law enforcement reporting suggests that Juggalo criminal activity has increased over the past several years and has expanded to several other states. Transient, criminal Juggalo bank groups pose a threat to communities due to the potential for violence, drug use/sales, and their general destructive and violent nature.

Wed, 07/18/2012 - 12:13 | 2628473 flacon
flacon's picture

By the way, did you all notice that Bernanke is wearing a GOLD tie?

 

Wed, 07/18/2012 - 12:25 | 2628547 Jena
Jena's picture

I've been meaning to ask, what is with the gold tie trend?  They seem to be everywhere on broadcast journalism.  Does anyone in real life wear these things?

Wed, 07/18/2012 - 12:47 | 2628674 akak
akak's picture

It's just a tradition.

Wed, 07/18/2012 - 12:18 | 2628496 flacon
flacon's picture

Bla bla bla... here's the mentality of those who are asking Bernanke questions:

 

 

Guam will Capsize and Tip Over into the ocean Rep. Hank Johnson

http://www.youtube.com/watch?v=cesSRfXqS1Q


 

Wed, 07/18/2012 - 12:17 | 2628500 Blankenstein
Blankenstein's picture

 

David Scott:  "Spend Spend Spend"

Um Dave, do you know that the national debt of the United States is almost 16 trillon dollars??

 

Wed, 07/18/2012 - 12:22 | 2628527 flacon
flacon's picture

These congressmen are full of hot air.... won't let Bernanke respond because they love the sound of their own voice. "The gentleman's time has expired".... BUT CAN'T I GET AN ANSWER?! "The gentleman's time has expired!"

 

Brotha Mel Watt supports sis Waters. It's a ray-sis thang, know-whud-I'm-sayin.

Wed, 07/18/2012 - 12:25 | 2628545 flacon
flacon's picture

Mel, you have 300 seconds to ask the Bernank a question... so get to the point already! What you are asking is:"Isn't Keynesianism (borrow and spend) the anithesis of what we need to do (save and cut spending)"

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