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Bernanke Faces Second Day of Grilling - 7/22 - CSPAN
Submitted by Michael Nystrom on Wed, 07/22/2009 - 09:13
WASHINGTON (MarketWatch) -- Federal Reserve Chairman Ben Bernanke faces his second day of grilling Wednesday from members of Congress upset that spending over a trillion in bank bailouts and stimulus plans is still going to end up with an unemployment rate heading above 10%. Watch it now on: C-SPAN 3 » |
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We are really going to have a tough time. Here's why...
Since the 1990 election, Merrill Lynch's PAC and employees have given $14.7 million to federal candidates, parties and committees. The company leans heavily Republican--64 percent of the brokerage's total donations have gone to GOP candidates and committees. All three of its top recipients have been (or still are) presidential hopefuls this election cycle. Republican John McCain received $394,300 from people associated with Merrill Lynch, making the company his top contributor. Democrat Hillary Clinton collected $290,650, and Barack Obama got $229,100. The company's favorite non-presidential candidate is Sen. Charles Schumer (D-N.Y.), a member of both the Senate Banking, Housing and Urban Affairs Committee and the Senate Finance Committee. He has received $226,150 in this election cycle.
Bank of America's PAC and employees have given $16.6 million, also favoring Republicans, though less sharply. About 54 percent of the company's contributions over time have gone to the GOP. Obama is the top recipient of contributions from employees at Bank of America, with $263,500 in donations. McCain has brought in $177,500, making him the fourth-largest recipient. Sen. Chris Dodd, chair of the Senate banking committee, has collected $144,650, while congressional leaders Nancy Pelosi, Steny Hoyer (both Democrats) and John Boehner (a Republican) are all among the company's top 20 recipients over time.
Lehman Brothers has given $9.2 million through employees and its PAC since 1989, with 54 percent of that going to Democrats. Clinton and Barack Obama top the list of all-time recipients for the company, collecting $410,000 and $395,600 respectively. Schumer hauled in $181,450, while Dodd has collected $165,800. The top recipient of PAC money from Lehman Brothers has been Rep. Mike Castle (R-Del.), a member of the House Financial Services Committee, which has jurisdiction over banking and the securities industry. Castle has collected $38,500 from Lehman's PAC since 1993.
This info is about three years old...Imagine what it is today.
Senator Bob Corker must be removed.
He claims that Fed independence is of paramount importance. He's in their back pocket.
THESE are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman.--Thomas Paine
"Free government is founded in jealousy, and not in confidence; it is jealousy and not confidence which prescribes limited constitutions." Thomas Jefferson, Kentucky Resolutions of 1798
yeah well...
at least us TN volunteers can count on our 2 "R" senators, Alexander and Corker, to be in favor of secrecy concerning TRILLIONS of dollars... I thought I heard somewhere that corker was supportive of transparency?
-Peace and Liberty
"Six Months That Changed the World"
"The War Prayer - Mark Twain"
I was disgusted by this guy as well...
His statements were so ridiculous, I almost thought it would turn out to be a joke. I was wrong.
Oh God, this guy is
Oh God, this guy is unbelievable... he needs OUT!! He needs a good email/fax and phone bomb...
Like CONgress is going to get involved with monetary policy.. but he wants OUR money to be spent in secret... MORON!
Also remember
You can safely double the fudged government unemployment figures to come closer to reality, so that means we're at about 20% average right now and rising.
Oh God, Chuck Schumer....
Oh God, Chuck Schumer.... What actions avoided what? Its all speculation... moron..
He is nothing but a suck-up.
THESE are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman.--Thomas Paine
"Free government is founded in jealousy, and not in confidence; it is jealousy and not confidence which prescribes limited constitutions." Thomas Jefferson, Kentucky Resolutions of 1798
Sen. Jim Bunning
Bunning is right now grilling Bernanke about transparency. Why is he not a cosponsor of S 604???
http://theconstitutionalists1.blogspot.com
Mr. Bunning kicking ass, as
Mr. Bunning kicking ass, as usual ;).
~~
Teach a man to fish and you feed him for the rest of his life.
Teach a man to phish and he'll clean out your bank account.
~~
Bunning? He just said...
that he would "carve out" portions of Ron's bill...He's not kicking ass. He is in bed with the fed. Some of his contributors include the American Bankers Assn., Morgage bankers Assn., and National Assn./Insurance and Financial Advisors....
Not exactly, bernanke was
Not exactly, bernanke was lying his ass off about the bill. saying that it would be a takeover of monetary policy by the congress.
bunning says he will carve this out, but it doesnt exist
Why is he no a co-sponsor?
Why is he no a co-sponsor? He is grilling him...
So far, he is not getting the tough questions
that should be asked. Unlike congressional hearings, the senate is treating Ben with kid gloves.....Could it be that the senate really is in the pockets of the fed?
Is that guy
sitting behind Bernake Secret Service?
For people who watch C-Span
For people who watch C-Span and other channels please use this:
www.livestation.com
It is for PC, Mac and Linux and works GREAT.
~~
Teach a man to fish and you feed him for the rest of his life.
Teach a man to phish and he'll clean out your bank account.
~~
Bernanke's voice is shaky.
Bernanke's voice is shaky.
I thought so too...he is also repeating over & over that
the transparency that HR1207 seeks is not necessarry for the public good. Good luck with that...
Schnecksville, Lehigh County, Pennsylvania
Does anyone
know what the release date is for Dr. Paul's "End the Fed" book?
release date
is Sept. 17. woot! YOU can preorder on amazon.com
Thanks ...
Can't wait !
don't forget...
if your gunna pre order it, be sure to navigate there from this site's link... its usually an ad in the top right corner (not sure if it loads every time, just refresh and you'll see it)
if i'm not mistaken- if you go through this link, the DP (Michael) will get a little kickback from amazon for advertising for them... buy the book, and help support the DailyPaul...
-Peace and Liberty
"Six Months That Changed the World"
"The War Prayer - Mark Twain"
http://www.cnbc.com/id/24...
http://www.cnbc.com/id/24596546
Tuning in, thanks!
/Mike
Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg
/Mike
Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg