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appalachiablue

(41,177 posts)
Sat May 2, 2015, 09:41 AM May 2015

SEN. 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).
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SEN. BERNIE SANDERS QUESTIONS BEN BERNANKE FED CHAIR, 2009 & 2010 (Original Post) appalachiablue May 2015 OP
That IS the question…. MrMickeysMom May 2015 #1
Max Keiser is great, have watched him 5 years talk about fiat currency, FWMDs, gulag casinos, appalachiablue May 2015 #2
~ On Banks, Justice and Liberty.. appalachiablue May 2015 #3
Kicking your post, appalachiablue... MrMickeysMom May 2015 #4
Thank you! TJ definitely had vision, lucky for us & the world. US realignment is right & appalachiablue May 2015 #6
Damn... MrMickeysMom May 2015 #7
This message was self-deleted by its author Joe Chi Minh May 2015 #5

MrMickeysMom

(20,453 posts)
1. That IS the question….
Sat May 2, 2015, 10:08 AM
May 2015

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)

First, the huge debts incurred by consumers around the world and most particularly in the US and UK will continue to increase in size. The price of credit (interest rates) will never rise enough to change the behaviour of debt addicts plus, the Federal Government will, vis a vis the ongoing bailouts and restructuring of the public and private markets, transfer tens of trillions of dollars of unfunded pension and Medicare/Medicaid liabilities – that are now hidden from view due to ‘off the books accounting’ – onto the public’s balance sheet by selling these debts to America’s biggest creditors; China, Japan, and the Mid East countries.


Read more at http://www.maxkeiser.com/2009/08/max-keiser-how-the-gulag-casino-economy-works/#E5aSBGz1MOvbAKy9.99

appalachiablue

(41,177 posts)
2. Max Keiser is great, have watched him 5 years talk about fiat currency, FWMDs, gulag casinos,
Sat May 2, 2015, 10:18 AM
May 2015

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)
3. ~ On Banks, Justice and Liberty..
Sat May 2, 2015, 10:32 AM
May 2015

"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)
4. Kicking your post, appalachiablue...
Sat May 2, 2015, 12:03 PM
May 2015

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)
6. Thank you! TJ definitely had vision, lucky for us & the world. US realignment is right &
Sat May 2, 2015, 02:40 PM
May 2015

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)
7. Damn...
Sat May 2, 2015, 08:37 PM
May 2015


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)

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