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Related: About this forumSEN. BERNIE SANDERS QUESTIONS BEN BERNANKE FED CHAIR, 2009 & 2010
~ "WHO GOT THE MONEY?" ~
*March 3, 2009: Senator BERNIE SANDERS Questions FED CHAIR BEN BERNANKE during the Senate Budget Hearing Committee about the $2.2 Trillion Bank Bailout money. (Video, 5 mins.)
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FED BEN BERNANKE served two 4-year terms as Chairman of the Federal Reserve (2006-2014). He first became Fed Chair on Feb. 1, 2006 when President George W. Bush nominated Bernanke for the position after ALAN GREENSPAN, who had been the Fed Chair for 20 years (1987-2006), since President Ronald Reagan appointed him in 1987, left the position in 2006, at the height of the Housing Boom.
On Jan. 28, 2010 BERNANKE was confirmed for a 2nd term as Fed Chair after renomination by President Barack Obama. Bernanke left the position when his 2nd term ended Feb. 1, 2014, and was succeeded by economist JANET YELLEN who was sworn in as Chairman of the Fed on Feb. 3, 2014 where she is currently serving.
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~ *Jan. 2010: MSNBC reporter Dylan Ratigan and Senator BERNIE SANDERS discuss the upcoming reappointment of BEN BERNANKE for a 2nd term as Fed Chair.
~They also cover the role BERNANKE and others played in the free market, deregulatory financial industry and banking sector during the 20 years that lead to the global Financial Crisis of 2008, the largest US Economic Crisis in over 75 years since The Crash of 1929 and The Great Depression. (Video, 6 mins).
MrMickeysMom
(20,453 posts)How can financial institutions, who are loaned money at ZERO percent then turn around and charge their customers 20 - 25% interest on credit cards not be held accountable?
Mr. Bernanke is nothing more than a chess piece of a financial institution who apparently did well to get rid of Glass Steagall legislation? Then, in response to Senator Sanders questions, he sticks to his allegiance of these fascists like white on rice.
Mr. Bernanke couldn't become disloyal to the Casino Gulag. Oh, never that...
The way the Casino Economy works was best described by Max Keiser (Keiser Report, RT networks and www.maxkeiser.com)
Read more at http://www.maxkeiser.com/2009/08/max-keiser-how-the-gulag-casino-economy-works/#E5aSBGz1MOvbAKy9.99
appalachiablue
(41,177 posts)Mark Carney, the RBS with no gold! Very bright, entertaining and has a dramatic flair from studying a bit in college I think. Yes he is amazing
appalachiablue
(41,177 posts)"Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable".
~ Joseph E. Stiglitz, Nobel Prize US economist.
"I believe that banking institutions are more dangerous to our liberties than standing armies."
~ Thomas Jefferson, Founding Father, author of the Declaration of Independence, President of the United States, Founder of the University of Virginia.
MrMickeysMom
(20,453 posts)Jefferson's had vision
This country is in bad need of realignment to that vision, or will be kissing all that came from it a final "good-bye".
appalachiablue
(41,177 posts)as Thom Hartmann said, we need a Marshall Plan for the US, a major recovery like was done for Germany and Europe after WWII. Btw, interesting about your grandfather in the Pacific and Dad in the service. Last week we visited DC memorials, awesome WWII, FDR, Vietnam, MLK Jr. statue. Beautiful designs, great weather and crowds.
Our country's democracy and survival are at stake which Bernie emphasizes in Media interviews: job losses, income inequality, dangerous accumulation of great wealth at the top, problems in post industrial cities and blighted rural areas, unaffordable college, destructive job killing trade policies, climate change.
But rebuilding like this isn't the plan of the extreme right, they're ok, even very well off in the current system. Just want to continue to deregulate and privatize all, eviscerate govt., eliminate the safety net, the middle class etc. And they've almost succeeded.
A lot of effort, funding and change of consciousness are needed to begin to put us on a good course. Bernie is one who could lead, with a lot of help. So here's hoping things will improve!
MrMickeysMom
(20,453 posts)I believe you laid it out EXACTLY as it is.
Yes . they ALMOST have it the way they want. What the fuck is at stake here.
Response to appalachiablue (Original post)
Joe Chi Minh This message was self-deleted by its author.