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

 

Wed, 03/21/2012 - 09:43 | 2276375 smb12321
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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
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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
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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
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Is there a plan B? No. So, let´s just continue in printing.

Wed, 03/21/2012 - 09:46 | 2276384 mayhem_korner
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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
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Watch them lie together

Wed, 03/21/2012 - 09:50 | 2276392 azzhatter
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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
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they would be saviours not terrorists!

Wed, 03/21/2012 - 09:51 | 2276393 SheepDog-One
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Plan B? For what? Everything is FINE now right?

Wed, 03/21/2012 - 09:54 | 2276406 riphowardkatz
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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
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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
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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
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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
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Ben looks uncomfortable taking the oath- moved away from Elf Boy 

Wed, 03/21/2012 - 09:55 | 2276412 MFL8240
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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
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Every time I see Timmy's weaslelly face I want to jump through the screen.

Wed, 03/21/2012 - 09:56 | 2276420 mc_LDN
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TIMMAHHHH!!!

Wed, 03/21/2012 - 09:57 | 2276424 azzhatter
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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
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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
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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
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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
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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
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How 'bout a wood-chipper ala Fargo?

Wed, 03/21/2012 - 10:30 | 2276532 smlbizman
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how 'bout squeal like a pig boy...go all ned beatty on them....

Wed, 03/21/2012 - 11:02 | 2276632 mayhem_korner
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If that's what you want to do to 'em....well, to each his own.

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