Bernanke on 60 Minutes

[DemReadingDU]

starting now

edit for text


3/12/09 Fed Chief Bernanke Grants Rare Interview
60 Minutes Interview Is The First In 20 Years With A Sitting Federal Reserve Chairman

Sunday's 60 Minutes will feature a rare interview with a sitting Federal Reserve chairman - the first in 20 years - in which Ben Bernanke tells correspondent Scott Pelley what he thinks went wrong with America's financial system, how it caused the economic crisis, what the Federal Reserve is doing to help fix it and when he expects the crippling recession to end.

The interview, Bernanke's first on the record since he became Federal Reserve chair, will be broadcast this Sunday, March 15, at 7 p.m. ET/PT.

In the interview, Bernanke also talks about the failure of Lehman Brothers, the rescue plan for AIG and the Fed’s extraordinary actions taken since the beginning of the economic crisis. The Fed Chairman also discusses how regulations might change in the future.

The double-length segment also includes an interview in Dillon, S.C., where Bernanke grew up. 60 Minutes accompanied the Fed chairman to his home town, where he visited his old high school and talked to Pelley about how the current financial crisis is taking its toll on Main Street America.

http://www.cbsnews.com/stories/2009/03/12/60minutes/main4862191.shtml

[soothsayer]

1. i hate the Fed and think it should be dismantled, but their digs sure are

purty. Maybe not so much purty as...woah. Huge and impressive in a suck-all-the-wind-out-of-you way.