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Watch Bernanke And Geithner Testify Together On The European Financial Crisis - Is There A Plan B?

Tyler Durden's picture




 

What is more amusing than the pathological liars that are Tim Geithner or Ben Bernanke testifying to congress? Both of them testifying at the same time. Such as now. From C-Span: "Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke go before the House Oversight and Government Reform Committee Wednesday to discuss lessons learned from Europe’s sovereign debt crisis. In a hearing titled, “Europe’s Sovereign Debt Crisis: Causes, Consequences for the United States and Lessons Learned,” both financial chiefs will share their personal experiences.  Since the crisis, the Federal Reserve has assisted foreign counterparts by provide monetary support. In November, the Fed and it's worldwide counterparts announced a cut in the interest rate premium charged to over seas banks which borrow in dollars.  The monetary policy targeted struggling European banks. In a Senate hearing earlier this year, leading economists also testified on the European debt crisis and the outlook for the eurozone. They said that the U.S. should treat the crisis as a wake-up call and urged lawmakers to bring down debt and spending to sustainable levels." The overarching theme of the hearing will be, as darrell Issa just asked, "What is Plan B." Alas, as Mario Draghi made very clear two weeks ago, there is no "Plan B."

Watch it live below after the bounce.

 

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Wed, 03/21/2012 - 09:39 | 2276362 ZackAttack
ZackAttack's picture

Even admitting the possibility of a Plan B diminishes the effectiveness of the scam.

Wed, 03/21/2012 - 09:51 | 2276395 bigdumbnugly
bigdumbnugly's picture

plan B is to cheat, lie, coerce, and manipulate.

no, sorry.  that's plan A.

plan B must be to manipulate, coerce, lie, and cheat.

Wed, 03/21/2012 - 10:27 | 2276518 Thamesford
Thamesford's picture

I thought "Plan B" was a morning after pill.  I am sure with Ben and Tim it is a large supposatory!

Wed, 03/21/2012 - 10:41 | 2276574 The Big Ching-aso
The Big Ching-aso's picture

 

 

Plan B From Outer Space...................?

This is widely considered to be the worst movie ever produced.   We may be watching a remake.

http://www.imdb.com/title/tt0052077/

 

 

Wed, 03/21/2012 - 11:02 | 2276631 roadhazard
roadhazard's picture

No, Nodding Hill is the very worst movie of all times.

Wed, 03/21/2012 - 11:21 | 2276687 The Big Ching-aso
The Big Ching-aso's picture

 

 

Ha.   I never saw it, but from what I gather it could be Nutting Hill.   I bet he nuts her in the end.

http://www.imdb.com/title/tt0125439/

 

Wed, 03/21/2012 - 11:24 | 2276698 Hard1
Hard1's picture

I keep hearing the world trillions in Geithner's statements.  When we have conforably replaced a b for a t, we are clearly in the first stages of hiperinflation.  The amount that made Barings colapse in the 90s is chumpchange nowadays.

Wed, 03/21/2012 - 13:33 | 2277127 Pinto Currency
Pinto Currency's picture

 

Bernanke's testimony blanked out from 27:00 to 35:00 minutes.

Wed, 03/21/2012 - 11:37 | 2276748 roadhazard
roadhazard's picture

He didn't, and if he did he would have to stick a piece of chalk up her butt and have her pretend she is writing 8,888,8888,888.88  to get anything out of it.

 

Wed, 03/21/2012 - 11:22 | 2276689 Hippocratic Oaf
Hippocratic Oaf's picture

11:15am.........At the end, the question came in on 'sustainable debt to GDP' and chairsatan started mumbling.......I'm on the edge of my seat......the best part of the show!

THEN Liesman (lies man) come on for a commercial break?!?!?!

Fuck CNBC, Fuck 'em! 

Thu, 03/22/2012 - 01:02 | 2279367 Eireann go Brach
Eireann go Brach's picture

Dumb and fucking Dumber!

Wed, 03/21/2012 - 09:40 | 2276364 lolmao500
lolmao500's picture

Plan B : flee to Argentina.

/if they think any country will be able to protect them once the US is back in the hands of the people, they got another thing coming

Wed, 03/21/2012 - 09:42 | 2276372 youngman
youngman's picture

well one thing..they will not be talking about Gold and Silver.......Ben did tht yesterday...said it was bad....so there

Wed, 03/21/2012 - 10:27 | 2276522 Thamesford
Thamesford's picture

Ben doesn't like gold because it's dangerous if you drop it from a helicopter.

 

Wed, 03/21/2012 - 09:43 | 2276375 smb12321
smb12321's picture

The only thing more amusing that watching these two is the spectacle of Congress lecturing the American people on fiscal responsibility.  I don't know which is worse.

Wed, 03/21/2012 - 09:45 | 2276379 vmromk
vmromk's picture

Can anyone explain to me what makes these guys any different than Bernie Madoff ?

Shouldn't they too be in jail with Madoff ?

Wed, 03/21/2012 - 09:49 | 2276388 mayhem_korner
mayhem_korner's picture

Can anyone explain to me what makes these guys any different than Bernie Madoff ?

 

1)  They have different names.

2)  Madoff's prey participated voluntarily

3)  See #1

Wed, 03/21/2012 - 09:46 | 2276382 HD
HD's picture

Double your pleasure, double your fun! Lies and corruption why pick just one?

Wed, 03/21/2012 - 09:46 | 2276383 kaiten
kaiten's picture

Is there a plan B? No. So, let´s just continue in printing.

Wed, 03/21/2012 - 09:46 | 2276384 mayhem_korner
mayhem_korner's picture

 

 

Timmah and Ben together?

And I saw a beast...The beast was given a mouth to utter proud words and balsphemies...Then I saw another beast...he had two horns like a lamb, but he spoke like a dragon.  He exercised all the authority of the first beast on his behalf, and made the earth and its inhabitants worship the first beast.  (Revelation 12)

Wed, 03/21/2012 - 09:48 | 2276386 Racer
Racer's picture

Watch them lie together

Wed, 03/21/2012 - 09:50 | 2276392 azzhatter
azzhatter's picture

 

what a perfect spot for a terrorist attack, take out the fucking satan brothers and a few useless congress critters all at once

Wed, 03/21/2012 - 09:53 | 2276401 Racer
Racer's picture

they would be saviours not terrorists!

Wed, 03/21/2012 - 09:51 | 2276393 SheepDog-One
SheepDog-One's picture

Plan B? For what? Everything is FINE now right?

Wed, 03/21/2012 - 09:54 | 2276406 riphowardkatz
riphowardkatz's picture

Its not totally fine but it is transitory (I think he said that almost 2 years ago now)

Like many rivals, General Mills’ profit suffered from rising input prices—and consumers balking at higher food prices.   

Wed, 03/21/2012 - 09:55 | 2276414 SheepDog-One
SheepDog-One's picture

What? But CNBC says we LOVE paying more for everything! 

Wed, 03/21/2012 - 10:30 | 2276533 Thamesford
Thamesford's picture

except contraception

Wed, 03/21/2012 - 09:52 | 2276399 resurger
resurger's picture

I swear!

X

Wed, 03/21/2012 - 09:52 | 2276400 SheepDog-One
SheepDog-One's picture

It would be so great to see a 747 crash right thru the roof...solve most all of our problems.

Wed, 03/21/2012 - 09:54 | 2276409 mayhem_korner
mayhem_korner's picture

 

 

If I said "especially if it were Air Force One" then I might get a knock at the door.  So I won't say that.

Wed, 03/21/2012 - 09:55 | 2276411 azzhatter
azzhatter's picture

Ben looks uncomfortable taking the oath- moved away from Elf Boy 

Wed, 03/21/2012 - 09:55 | 2276412 MFL8240
MFL8240's picture

I read that Bernanke said the Gold standard would not solve our problems and that HE knew better than the Gold standard how to adress monetary problems.  Of course, all of the monetary problems have been caused by the Federal reserve and no one question this clown on the need for discipline and getting the money out of the hands of the Jewish Banking cartel which is more the issue than his tinkering with interest rates and bailouts.  This group is disgusting!

Wed, 03/21/2012 - 09:55 | 2276413 Dr. Engali
Dr. Engali's picture

Every time I see Timmy's weaslelly face I want to jump through the screen.

Wed, 03/21/2012 - 09:56 | 2276420 mc_LDN
mc_LDN's picture

TIMMAHHHH!!!

Wed, 03/21/2012 - 09:57 | 2276424 azzhatter
azzhatter's picture

I feel so much better listening to this piece of excrement talking. This fucking clueless prick is a perfect opener for Bernanke's lies. 

Wed, 03/21/2012 - 09:57 | 2276425 Vlad Tepid
Vlad Tepid's picture

Whatever that ailment is that causes news anchors to occasionally start speaking in gibberish...I would have loved to see one of these two struck down with that.

Wed, 03/21/2012 - 09:59 | 2276430 rsnoble
rsnoble's picture

I'd have to have a check for at least $5,000.00 to sit thru a speech with those 2 fucking clowns.

In other news, yesterday it was reported the Housing Recovery is fake. Today they're looking for strength. LOL.  This is like a board game where all rules have been done away with and it's not worth playing anymore, game over.

Wed, 03/21/2012 - 10:00 | 2276435 rsnoble
rsnoble's picture

Oh and a fully stocked bar in addition to the check. And I want a minimum of 3hours drinking time before the speech starts, a pillow and a barf bucket.

Wed, 03/21/2012 - 10:00 | 2276434 the not so migh...
the not so mighty maximiza's picture

Swedish Chef is catering the kosher meals today at the hearing

Wed, 03/21/2012 - 10:00 | 2276436 OldE_Ant
OldE_Ant's picture

lol.  Swallow hard TImmy.  blah, blah, blah Firewall - 'a place where the peoples money dissappears and our money masters money and power grows.'  blah, blah, blah.

Translation - we need more cash and keep spending like it's 1999 because (best junkie voice)

we just can't stop until we are dead!

lol.  We put Greece on a sustainable path...  Hahaha right over the cliff we all face..

Wed, 03/21/2012 - 10:02 | 2276440 Odin
Odin's picture

Fucking Geithner... At least The Bernank occasionally shows visable shame when he's lying through his teeth... Timmy boy is just a straight up psychopath...

Wed, 03/21/2012 - 10:05 | 2276441 Paul Atreides
Paul Atreides's picture

Just listen to Bernanke's voice, termors, slips ups, monotone.....he has no confidence and is scared shitless (Just look at videos 4+ years back) . I personally think the Federal Reserve twitter account was a stress test on the populus and they failed BIG TIME. They know humanity is going through a massive awakening and he knows that when SHTF he is going to be one of the first ones strung up.

Wed, 03/21/2012 - 10:03 | 2276448 OldE_Ant
OldE_Ant's picture

Maybe they'll keep talking and the markets will continue to drop..

A short break while Ben and Timmy go buy some S&P calls, sell the USD, i.e. a S&PeeeUSD break.

Wed, 03/21/2012 - 10:06 | 2276453 the not so migh...
the not so mighty maximiza's picture

PPT is mobilizing, they are sliding down the poles now.

Wed, 03/21/2012 - 10:05 | 2276452 Buzzworthy
Buzzworthy's picture

Plan B through infinity =

Extend swap lines

Hit CTRL+P

Extend swap lines

Hit CTRL+P

rinse, wash, repeat

Wed, 03/21/2012 - 10:08 | 2276463 nathan1234
nathan1234's picture

Timmy and Ben need to be handcuffed together and thrown behind bars for a long long time.

And maybe that will be too good for them

Wed, 03/21/2012 - 10:10 | 2276469 mayhem_korner
mayhem_korner's picture

 

 

How 'bout a wood-chipper ala Fargo?

Wed, 03/21/2012 - 10:30 | 2276532 smlbizman
smlbizman's picture

how 'bout squeal like a pig boy...go all ned beatty on them....

Wed, 03/21/2012 - 11:02 | 2276632 mayhem_korner
mayhem_korner's picture

 

 

If that's what you want to do to 'em....well, to each his own.

Wed, 03/21/2012 - 10:09 | 2276464 Hedgetard55
Hedgetard55's picture

Under Sharia law, which is coming, Ben and Timmay would sacrifice both their hands and their tongues.

Wed, 03/21/2012 - 10:20 | 2276498 Aquarius
Aquarius's picture

I feel much compassion for Mr Bernanke as he is close to totally broken; which implies a belief of integrity, or, of course, collusion (note the collusion in his paper -as he reads it - and Geithner's paper, as read) in the statements before this committee. Mr Bernanke is near his end. Sad.

Geithner, not so; he is running the scam, avec amies.

the morons asking the questions have obviously been briefed.

Be afraid: be very afraid as what you see here, is the end of the staus quo.

 

Wed, 03/21/2012 - 10:20 | 2276500 hangemhigh77
hangemhigh77's picture

Before we hang Beretard, lets shave his beard with a dull and rusted straight razor.  This guy just LOOKS like a deuchbag. And little Timmy? Fuck it, just let a bunch of 3rd graders beat him into a coma and then throw his carcass into a shark tank.

Wed, 03/21/2012 - 10:22 | 2276506 hangemhigh77
hangemhigh77's picture

The fact that ANYONE believes ONE WORD of this BULLSHIT makes me think the whole world lives in a friggin cartoon.  Abida abida abidaaaa WHAT'S up folks??!!!!

Wed, 03/21/2012 - 10:23 | 2276508 dvsteenk
dvsteenk's picture

Good questions from Rep. Burton - let's see how Bernanke is gonna lie his way out of it

Wed, 03/21/2012 - 10:26 | 2276514 hangemhigh77
hangemhigh77's picture

It's like looking at a corpse and talking about it as though it's alive. "Well, she hasn't been eating much lately, but we think that soon she'll get her appetite back and start eating again.  Yeah, she hasn't been walking around much, but we think as soon as she wakes up she will probably be jogging a few miles a day. Yeah it doesn't look like she's breathing, but as soon as she does start breathing everything should be fine again. yes these are our projections and as long as we keep shoving cash up her ass I'm sure soon all will be fine."

Wed, 03/21/2012 - 10:27 | 2276521 hangemhigh77
hangemhigh77's picture

And congress says, "Duhhhhhh OK Ben. Geeee you went to Princeton?  Dats in Jusey right???  Yeah we da leadas ah daaaa  whoooooole world. And we stooooopid.

Wed, 03/21/2012 - 10:28 | 2276520 Son of Loki
Son of Loki's picture

 

U.S. Treasuries: Safe Haven Status in Question

 

http://finance.yahoo.com/blogs/breakout/u-treasuries-safe-haven-status-1...

The fact this is a top article on the Yahoo site means something?

Wed, 03/21/2012 - 10:29 | 2276527 Bailmeout2
Bailmeout2's picture

"Since the crisis, the Federal Reserve has assisted foreign counterparts by provide monetary support." Isn't it illegal for the Federal Reserve to provide monetary assistance to any foreign entitiy? And didn't Benny boy lie outright to Ron Paul about two years ago by telling him that the Federal Reserve wasn't providing any monetary assistance to any foreign entity?

Wed, 03/21/2012 - 10:31 | 2276541 hangemhigh77
hangemhigh77's picture

What's with the GIANT name tags?  How STUPID.  I love the thanking bullshit. Ummmm, thank you Mr. Beridiot, thanks you Timmah, thank everyohe, thank the moon and the stars thank other things and thanks in general. Stooooopid.

Wed, 03/21/2012 - 10:33 | 2276551 hangemhigh77
hangemhigh77's picture

love the cleavage on the bitch behind geithner.  He hands wit da bitchezzzzzzzz

Wed, 03/21/2012 - 10:34 | 2276554 yogibear
yogibear's picture

Plan B is for muchof the same. but bigger. Bernanke and the Fed increase the size and PR of a bigger QE. The commodities double, the US dollar drops to lows and Wall Street make more money, bigger bonuses.

Bernanke and the federal Reserve keep doing the same thing. Trash the dollar and fill the pockets of Wall Street and traders with huge sums of money. 

The Federal Reserve people are thinking what's after the Federal Reserve. All are thinking of how to line themselves up for that cush multimillion dollar job at one of the big firms at payback time.

Wed, 03/21/2012 - 10:34 | 2276555 Clowns on Acid
Clowns on Acid's picture

Timmy the Taxcheat moron has fully admitted and stated that GROWTH is the objective.

The blanket GROWTH statement goes unchallenged in the hearing.

Once established that the undefined objective is GROWTH, then any measures that purport to meet that objective are good. Like printing money, like politically correct speech and behavior, like facsist type ties to Big Media, like affirmative action, like....pick your socio-economic poison.

We will print until we have GROWTH ....

Wed, 03/21/2012 - 10:34 | 2276558 hangemhigh77
hangemhigh77's picture

Did Geithner just say, "PROTECT the interests of the American taxpayer???   Ahahahahahahahahahahahahahahahaha  BWWWWAAAAhahahahahahahahahahahahahahahahahahahaha.  Somebody SLAP that guy...!!!!

Wed, 03/21/2012 - 10:38 | 2276570 hangemhigh77
hangemhigh77's picture

What is with this bullshit calling these guys "gentlemaen"?  Call them whatthey are, "Thank you and now the reeeeetard from Virginia can ask a few dumb questions for these lying thieving scum"  and "Thankk you thank you thank him thank her thank thank thank me too, and now the dumb shit from Ohio, and I might add he's a thief, do you have any stoooopid questions for these boneheads?"

Wed, 03/21/2012 - 11:07 | 2276647 roadhazard
roadhazard's picture

In Washinton when you hear someone say, "gentleman" they really mean asswipe.

Wed, 03/21/2012 - 10:41 | 2276573 hangemhigh77
hangemhigh77's picture

This ASSHOLE from Virginia is lauding the VIRTUES of CENTRAL CONTROL!!  HANG HIM. Not to mention Greece had DICTATORIAL control which actually TRUMPS central control.  THIS GUY IS AN IDIOT!!!!!

Wed, 03/21/2012 - 10:48 | 2276583 fuu
fuu's picture

Timmah says debt to gdp is only 60-70%. I feel better already!

What was he talking about there when he said the ammount would make us uncomfortable?

Wed, 03/21/2012 - 10:51 | 2276594 Uchtdorf
Uchtdorf's picture

So since we're talkin' Greece, is the whole EU yukkiness going to implode on March 23rd or not?

Wed, 03/21/2012 - 11:34 | 2276727 LouisDega
LouisDega's picture

I canceled my fucking dental appointment that day . What good is root canal if i wont be alive?

Wed, 03/21/2012 - 11:36 | 2276741 Chump
Chump's picture

I'm worth more to my family dead than alive.  Cash out retirement and investment accounts.  An annuity, a death benefit or two.

But when the shit hits the fan it may be hard for my wife to handle the 30-06 effectively.  She's OK with the 12 gauge but I think reloading under pressure would give her trouble.  Even the old Marlin .22 will be a tad much for my baby boy.

I think I'll stick around.  You should, too.

Wed, 03/21/2012 - 11:50 | 2276752 LouisDega
LouisDega's picture

I perfer the the Cheif- Randall P Mcmurphy pillow method performed on me. 

Wed, 03/21/2012 - 10:53 | 2276600 SillySalesmanQu...
SillySalesmanQuestion's picture

Even if the CongressCritters could understand any of this hocus-pocus mumbo-jumbo, could they get their head out of the lobbyists ass long enough to take a giant bite of the humongus shit sandwich they are serving up to "the American people"? Timmah and Ben look like clunky marionettes that need a fuckin teleprompter pronto...sheeeesh...Is it too early to start drinking heavily...?

Wed, 03/21/2012 - 11:00 | 2276619 xtop23
xtop23's picture

Tweedle-dumb and Tweedle-dumber

Wed, 03/21/2012 - 11:01 | 2276624 ZippyBananaPants
ZippyBananaPants's picture

This Maloney lady is a complete IDOIT.  

Wed, 03/21/2012 - 11:02 | 2276626 mc_LDN
mc_LDN's picture

Carolyn Maloney is salivating over Timmay!

Wed, 03/21/2012 - 11:28 | 2276716 azzhatter
azzhatter's picture

she should blow him on camera and get it over with

Wed, 03/21/2012 - 11:28 | 2276717 azzhatter
azzhatter's picture

she should blow him on camera and get it over with

Wed, 03/21/2012 - 11:02 | 2276628 hangemhigh77
hangemhigh77's picture

Hey lady just STFU and go blow them.

Wed, 03/21/2012 - 11:02 | 2276635 hangemhigh77
hangemhigh77's picture

The Long Island Shooter should have shot her.

Wed, 03/21/2012 - 11:04 | 2276638 hangemhigh77
hangemhigh77's picture

Suuuuure they do Ben.  Geez nice LIE!!!!

Wed, 03/21/2012 - 11:51 | 2276801 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

there are always two Sith.

Wed, 03/21/2012 - 14:00 | 2277215 Van Halen
Van Halen's picture

Why do we care what these two have to say? They've broken everything they've touched. They're both liars. They're both working to destroy us all. They both should be arrested, tried, and then off with their heads.

Wed, 03/21/2012 - 14:36 | 2277329 azzhatter
azzhatter's picture

I would pay so much money to just see somebody go totally viral on Geithner and do a major beat down on him. Ben, he's just a fucking embarrassment to himself. I would lock him in a room with tapes from 2005-2006 with him predicting sunny days ahead playing on a continuous reel til he soils himself

Wed, 03/21/2012 - 14:47 | 2277367 yogibear
yogibear's picture

Bernanke attended Harvard University, where he lived in Winthrop Housewith the future CEO of Goldman SachsLloyd Blankfein, and graduated with a Bachelor of Arts in economics summa cum laude 

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