RP Vs Bernanke And Geithner Today

[DFF]

http://www.msnbc.msn.com/id/29849068/ :D

[Conza88]

http://pix.motivatedphotos.com/2008/12/1/633637570220242560-zomfg.jpg

:D

This should be gooooood

[DFF]

I'm pretty stoked myself, we all know RP's question is going straight to Bernanke. I hope he really tears into him. He's been kinda soft on old big Ben these last few sessions. I want to see a fiery Dr. Paul and a scowling Bernanke. Anyway, does anyone know who'll be broadcasting this online? I'm stuck on the CPU all day, don't have access to TV.

[reagle]

C-SPAN3 will have it live at 10am (ET)
http://www.c-span.org/

cspan 3 streaming video
http://play.rbn.com/play.asx?url=cspan/cspan/wmlive/cspan3v.asf&proto=mms?mswmext=.asx

[Conza88]

Youtubers.... start your engines...... :D

I hope he makes shit hit the fan. Realllllly tells it like it is. Radical language like you've never seen.

"You're destroying America", "This is the most immoral thing I've ever seen in all my years in Congress... And I've seen alot" etc.

[reagle]

Geithner to Call for New Powers
http://www.bloomberg.com/apps/news?pid=20601087&sid=atSgC6K7pCZ0&refer=home

[OptionsTrader]

Geithner to Call for New Powers
http://www.bloomberg.com/apps/news?pid=20601087&sid=atSgC6K7pCZ0&refer=home

Time to break out my Star Wars collection today.

[smithtg]

http://pix.motivatedphotos.com/2008/12/1/633637570220242560-zomfg.jpg

:D

This should be gooooood

who is bringing the popcorn?

[ClayTrainor]

6 minutes :D

[ClayTrainor]

Any body know what time paul is supposed to speak?

[sluggo]

It's on now.

No RP yet.

[JasonC]

hmm.. no introductory statement from rp....

[smithtg]

i hate corporate webfilters. anybody besides cspan? maybe msnbc?

http://www.c-span.org/images/levela/bbernanke_tgeithner02.jpg

[Conza88]

Barney Frank, you're a fcken stain on humanity.

[reagle]

CBS
http://www.cbsnews.com/video/watch/?id=1n

Bloomberg
http://www.bloomberg.com/streams/video/LiveBTV56.asxx

[bossman068410]

cant find it on c-span online

ok got it on msnbc....

make me sick to watch Gietner

[ItsTime]

any est on when Ron Paul will be on?

[Conza88]

Frank set some stern guidelines (basically said he'd enforce them)...

'You can't go over 5 min etc, can't ask follow up questions' - thats the way I took it.

Generally speaking thou it was... which is fair enough. Can't help but think that's targeted at Ron in a minimal way...

I'm gonna get pissed if Frank interrupts RP again, and ATE UP HIS TIME, when Ron was on before.

[ItsTime]

Frank set some stern guidelines (basically said he'd enforce them)...

'You can't go over 5 min etc, can't ask follow up questions' - thats the way I took it.

Generally speaking thou it was... i can't help but think that's targeted at Ron...

I bet Frank uses up some of Pauls time as well.

[JasonC]

I think RP might not be there. He always comes before kanjorski.

[bossman068410]

They are asking for more authority. They are exempt for prosecution. It's yet another power grab from the FED. I can't believe they are getting away with this.

[Conza88]

I bet Frank uses up some of Pauls time as well.

lol, I re-edited with that. Yep.


I think RP might not be there. He always comes before kanjorski.

I've been thinking that for the last few min. In the draw back long lens, I can't see him.

:(

WTF, why wouldn't he be there?

Ron was never mentioned in the MSNBC article btw.

[Pennsylvania]

Mikulski speaking now, am I on the right feed?

NM, wrong feed, think i found it

[Conza88]

RON IS THERE :D

He's behindd Garrett... reading a paper.. lol

prettty sure it's him. Just mouth and nose to go from :o

[JasonC]

I dont knwo, paul si a ranking member, always speaks before these people speaking.

[ClayTrainor]

Oh god, Maxine waters is speaking now... I gotta mute this crap

[Cowlesy]

Barney Frank says, "U's in the bak. Shut yer moufs!"

[Conza88]

I dont knwo, paul si a ranking member, always speaks before these people speaking.

Yeah.. :confused:

I should be in bed. :(

[Dojo]

RON IS THERE :D

He's behindd Garrett... reading a paper.. lol

prettty sure it's him. Just mouth and nose to go from :o

I think your right, sure looked like him...(from the nose down) reading financial news

[HOLLYWOOD]

\\\ That STAIN Barnet Frank ALWAYS targets Ron Paul on these hearings. The most important part is the follow-up question. Barney Frank just turned this hearing into a Rigged Presidental Debate.

Seems Suffering Succotash Frank did a pre-meeting with the Socialists, FED, and US Treasury to ensure they're not embarassed by Ron Paul and other committee members.


Did anyone catch Ron Paul reading the Financial Times when rep Garrett (R-NJ) was speaking?

FUNNY!:D



Frank set some stern guidelines (basically said he'd enforce them)...

'You can't go over 5 min etc, can't ask follow up questions' - thats the way I took it.

Generally speaking thou it was... which is fair enough. Can't help but think that's targeted at Ron in a minimal way...

I'm gonna get pissed if Frank interrupts RP again, and ATE UP HIS TIME, when Ron was on before.

[Bruno]

can't watch from work, thanks for all the updates, folks!!

[Conza88]

Who the FCK is Michelle Buchmann? LOL...

"Russia, China have called for a one world currency as soon as G20, will you Bernanke and Geithner, categorically reject that the US will follow the same path?" (words to the effect)

- Geithner: I do.
- Benanke: I do aswell.

Someone get that on tape. That is going to be gold in a few months.

[Scribbler de Stebbing]

Michele Bachmann just did an awesome job grilling the boyz. She asked each of them where it says in the Constitution that they can do what they're doing. The answers sucked. Basically that Congress authorized them, and that the US gave them the authority in 1933 to engage in emergency lending.

Michele Bachmann rocks! RP was right to endorse her last year.

[MelissaCato]

That Barney Frank is an a$$hole. I hope someone else askes Buchmann's last question.

[hillertexas]

Who the FCK is Michelle Buchmann? LOL...

"Russia, China have called for a one world currency as soon as G20, will you Bernanke and Geithner, categorically reject that the US will follow the same path?" (words to the effect)

- Geithner: I do.
- Benanke: I do aswell.

Someone get that on tape. That is going to be gold in a few months.

Yea...did you see Bernake's face when he answered "I do"? So funny. This video will surely be useful later

[Scribbler de Stebbing]

Yeah, anyone get Bachmann on YouTube? Would have been about 10:20 , 10:25 - 10:30 or so CST, or 11:20 - 11:30 or so EST.

[JoshLowry]

Barney Frank says, "U's in the bak. Shut yer moufs!"

*facepalm*

[Conza88]

Barney Frank says, "U's in the bak. Shut yer moufs!"

Did he have a stroke, or has some kind of mental problem? :eek:

[Conza88]

If I don't hear "The Gentleman from Texas" soon... I'm gonna flip. lol

[JasonC]

maybe he was late and will get to speak at the end...??...

[JasonC]

Ron Paul sighting.. he is definitely hanging around.

[Young Paleocon]

Just saw RP on the top row, reciting the Constitution and cleaning his Glock.

[Conza88]

They did a pan, and it's all pretty much empty atm.

/sigh

I wanted to see this burning live.

[MRoCkEd]

live stream:
http://www.msnbc.msn.com/id/21134540/vp=22887506&#22887506

[JasonC]

Man, Geithner is hard to look at for so long... hes starting to morph into some kind of rodent.

[Young Paleocon]

Man, Geithner is hard to look at for so long... hes starting to morph into some kind of rodent.

Did you see the Glenn Beck episode where he was a cartoon leprechaun bouncing around on the bottom of the screen throwing money around?

[Young Paleocon]

RP is there and he will probably ask his questions soon because he generally leaves after he interrogates the financial terrorists.

[JasonC]

no, but i can picture it lol

[MelissaCato]

Just saw RP on the top row, reciting the Constitution and cleaning his Glock.

HaHa good one.

[newbitech]

Anything from RP?

oh snap hes on now, what great timing yes!

[1000-points-of-fright]

Michele Bachmann just did an awesome job grilling the boyz. She asked each of them where it says in the Constitution that they can do what they're doing. The answers sucked. Basically that Congress authorized them, and that the US gave them the authority in 1933 to engage in emergency lending.

Michele Bachmann rocks! RP was right to endorse her last year.

Their answers did suck, but essentially they were right. If anyone did anything unconstitutional it was congress by giving them the authority to do what they're doing. It would have been cool if they had turned it back around on congress.

I really wish more people would just lay into congress at these hearings. The head of AIG should have ripped into Frank and Dodd for causing this whole mess in the first place. "Congressman, go fuck yourself" needs to be heard more often at these hearings.

[Dary]

Ron Paul!

[Young Paleocon]

on now

[MRoCkEd]

on now

[Conza88]

Booom!

[MsDoodahs]

I just sat down to hear Ron - there is a headline on the screen (bloomers) that Geithner says compensation practices need to be fundamentally reformed.

Could someone tell me - was Timmy saying ALL company's compensation practices need reform or JUST ones that the state "saves?"

Thanks.

[JasonC]

RP is on now... this is damn good so far... <<<<< rongasm material possibly

[bossman068410]

Dam not enough time

[Young Paleocon]

RP just got snarky with Frank, he is the free market badass.

[Conza88]

Cspan spiked and started slowing down hardcore as RP started to speak.

Fail.

I waited all this time to see lagg... ffs

[newbitech]

quick recap, not sure if i caught it all, tried to make some quick notes.



cronny corpatism,
inbred moral hazard
created a phenomena madness of crowds
question, who should allocate capitalism, market or gov.
came from fed reserve
no savings
artificially low rates
have to look differntly at solutions
everyone loves booms
when bust comes everyone hates it
trying to find a victim
who is going to soak up derivatives and deficit
wall street getting bailed out little guy paying the penalty
failed because we didn't follow market place
who do the 3 of you operate in your own mind
did capitalizm fail
did we bring this on ourselves?
if you totally rejected the market I can understand why you do ths
where do you put the blame market or crony capitalism>

Bernake- free market, protections require oversite.
RP interrupts, isnt that what causes moral hazard?
bernake - banking panics with no oversite is why fed was created.
rp but those only lasted a year and we are determined to make these last 10 years.

[Scribbler de Stebbing]

I just sat down to hear Ron - there is a headline on the screen (bloomers) that Geithner says compensation practices need to be fundamentally reformed.

Could someone tell me - was Timmy saying ALL company's compensation practices need reform or JUST ones that the state "saves?"

Thanks.

That must have been up about the same time Ben was responding that he believed in the free market and capitalism, and Tim was bobbing his head in agreement.

[MsDoodahs]

RP just got snarky with Frank, he is the free market badass.

lol...this totally cracked me up.

Ron DID get a little snarky with FreddieFannieFrankie, didn't he?

[MelissaCato]

.. anyone else answer my questions... not in this round ... your tough ....

That made my day. Ron Paul is awesome.

[JasonC]

yea, he didnt have enough time.. but he made some great points. I love his comment about our boom and how it relates to the "madness of crowds" throughout history.

I read that book "Extraordinary Popular Delusions and the Madness of Crowds" by charles mackay. The first few sections are particularly good. They deal with the south sea bubbles and tulipmania.

[Bruno]

The youtube race is on. Those of us that missed it are eagerly awaiting. :D

[Conza88]

yea, he didnt have enough time.. but he made some great points. I love his comment about our boom and how it relates to the "madness of crowds" throughout history.

I read that book "Extraordinary Popular Delusions and the Madness of Crowds" by charles mackay. The first few sections are particularly good. They deal with the south sea bubbles and tulipmania.

Worth buying?

[MsDoodahs]

Man who is this gray headed dude raging on 'em so much?

I'm liking it a whole bunch.

[Young Paleocon]

I don't know I kind of respect Bernanke in a way, when he debates Ron it's like clash of the titans, but he generally trounces other committee members. Whether or not he's right, he still shuts them up.

[MsDoodahs]

oh RAGE ON THEIR BUTTS DONALD MANZULLO.

WHOOP 'EM.

"Give me a freaking yes or no."

Oh, holy moley that was fun to watch.

[ClayTrainor]

Man who is this gray headed dude raging on 'em so much?

I'm liking it a whole bunch.

Rep. donald Manzulo

He did a dam good job grilling these 2 clowns, whoever he is.

[newbitech]

Watching this I am convinced we need to get Dr. Pauls audit the fed resolution up for a vote. That could be the most important topic in govt since the foundation of this country.

its sounds like this committee has just about had it with these financial clowns.

[specsaregood]

Watching this I am convinced we need to get Dr. Pauls audit the fed resolution up for a vote. That could be the most important topic in govt since the foundation of this country.

its sounds like this committee has just about had it with these financial clowns.

Yes, we need the Dr. to tell us what to do next. The bill has enough cosponsors, we need to get it OUT of the COMMITTEE. Either he needs to file a "discharge petition" or he needs to give us the go ahead to start contacting the committee members.

I think a discharge petition might be the ticket though, so that we call our own representatives and ask them to sign it.

[JasonC]

Worth buying?

Well, some parts of the book are boring, but some are great. To me, it is worth it. But i am trying to have a nice personal library so I like to buy a lot of books.

[smithtg]

Yes, we need the Dr. to tell us what to do next. The bill has enough cosponsors, we need to get it OUT of the COMMITTEE. Either he needs to file a "discharge petition" or he needs to give us the go ahead to start contacting the committee members.

I think a discharge petition might be the ticket though, so that we call our own representatives and ask them to sign it.

You would think as often as the committee has to hear from those clowns they would find a way to get it out for a floor vote. Except Barfy Ffank is connected to some of Pelosi's male constituients if you know what i mean

[specsaregood]

You would think as often as the committee has to hear from those clowns they would find a way to get it out for a floor vote. Except Barfy Ffank is connected to some of Pelosi's male constituients if you know what i mean

Right, I don't think the committee is gonna allow it, which leaves only the "discharge petition" approach, I think. With the discharge petition we can hold OUR OWN representatives feet to the fire on it.

[mrchubbs]

Here is the tube...

http://www.youtube.com/watch?v=UrK3rsiruNw


Enjoy

[fj45lvr]

Watching this I am convinced we need to get Dr. Pauls audit the fed resolution up for a vote. That could be the most important topic in govt since the foundation of this country.

its sounds like this committee has just about had it with these financial clowns.

his "audit the fed" won't do jack shit.....they are corrupt liars (experts)....cooking the books and having a their partner in crime (the gov. with their former employees like Geitner and others) as the inspector is just another formula for more LIES....

Who for a minute realistically thinks that the FED would turn over any documents to audit that would show any wrong doing??? And who is going to be the folks whose EYES FIRST READ information???

This bill will result in FURTHER FALSE CONFIDENCE put on both the banking cartel and their partners in CRIME (big gov.).

We can do better than this......the people have the power to destroy the institutions if they ROSE UP and excercised their 2nd ammendment rights "rush tumoltuosly to arms" as is written in the Federalist Papers.... How else do you deal with THIEVES??? Give them opportunity to legitimize their THIEVERY??

Forget about working through the gov. it is corrupted to the bone.....the Sovereignty is "we the people" not millionaire lawyers sent to D.C.

[specsaregood]

his "audit the fed" won't do jack shit.....they are corrupt liars (experts)....cooking the books and having a their partner in crime (the gov. with their former employees like Geitner and others) as the inspector is just another formula for more LIES....


1. Removes the LEGAL cloak of secrecy for the Fed.
2. Would require them to put their fraud down on paper for review, then you go about proving their false "cooked books" and then prosecution.

Forcing the Fed to submit to auditing is in no way a bad thing, it would be the first palatable step that our weak representatives could back, in fact one would be hard pressed to find a reason not to back that bill.

Of course if it does come out of committee they may just tack on all kinds of unpalatable crap onto the bill so that the final version isn't even acceptable to RP.

[newbitech]

his "audit the fed" won't do jack shit.....they are corrupt liars (experts)....cooking the books and having a their partner in crime (the gov. with their former employees like Geitner and others) as the inspector is just another formula for more LIES....

Who for a minute realistically thinks that the FED would turn over any documents to audit that would show any wrong doing??? And who is going to be the folks whose EYES FIRST READ information???

This bill will result in FURTHER FALSE CONFIDENCE put on both the banking cartel and their partners in CRIME (big gov.).

We can do better than this......the people have the power to destroy the institutions if they ROSE UP and excercised their 2nd ammendment rights "rush tumoltuosly to arms" as is written in the Federalist Papers.... How else do you deal with THIEVES??? Give them opportunity to legitimize their THIEVERY??

Forget about working through the gov. it is corrupted to the bone.....the Sovereignty is "we the people" not millionaire lawyers sent to D.C.

the further the bills goes, the more momentum we create. we will need that momentum to marshal the masses.

[fj45lvr]

1. Removes the LEGAL cloak of secrecy for the Fed.
2. Would require them to put their fraud down on paper for review, then you go about proving their false "cooked books" and then prosecution.

Forcing the Fed to submit to auditing is in no way a bad thing, it would be the first palatable step that our weak representatives could back, in fact one would be hard pressed to find a reason not to back that bill.

Of course if it does come out of committee they may just tack on all kinds of unpalatable crap onto the bill so that the final version isn't even acceptable to RP.


What I am saying is that your point #2 (require "them" to put their fraud down on paper for review") makes it so EASY for them to only allow outside eyes to see what they want them to see (just like a citizen that puts together their own tax information).....Who honestly believes that 10,000 semi-trucks of paperwork (a mountain) will be gone through by ANYONE who could figure out any "nefarious" activity?? To think that is POSSIBLE would require a belief that the FED would provide ALL information (seriously doubtful)...that the "auditors" would be actually "independent" (and not controlled shills, again very seriously doubtful....they would probably have a chain of "eyes" to "filter" anything for the "final report")...

The FED owns the government....don't they??? I believe so.

[specsaregood]

The FED owns the government....don't they??? I believe so.

I see HR1207 as the first strike. Most people still believe it is a government entity. You get rid of their ability to LEGALLY do whatever they want without oversight, then you start working on the concept of abolishing it altogether.

Starting out with the premise of abolishing it is just to shocking too most reps and people. And yes, I do believe there will be people willing to go through all that paperwork.....Whether they will get the chance is the question....

[MelissaCato]

I don't know I kind of respect Bernanke in a way, when he debates Ron it's like clash of the titans, but he generally trounces other committee members. Whether or not he's right, he still shuts them up.

Yes I know. It's like the winner and the looser of our next Revolution. America's fate, so to speak.

I'm glad though for the internet .. I bet there's not another country out there with entertainment like this, a super power within a super power on the Hill... and done so in peace. Amazing. I'm glad to be a part of it. Both sides should be proud right now, I think. God Bless America !! LMAO

Too bad China, Russia and Iran couldn't be there to question the cronies... I'm sure they would be in Ron Pauls favor. I just know it. Peace is a powerful messege, ya know.

Or maybe we should just get Ron Paul to the G Summits. Who represents "we the people" in these G Meetings ? Anyone ? LOL

[invisible]

Manzullo and Bachman (not sure if I spelled those correctly) did just of an excellent job of calling out these clowns as RP. The R from the Dallas area was also good (didn't catch his name). People may flame me for this one, but Waters was also really good, as well as the D from NJ (didn't get his name either). All of them called these clowns out on being the flim-flammers that they are and not giving straight answers to the questions. All of them deserve 'tubes, not just RP - and people who still believe that these bailouts are a good thing, and that the current administration is doing the right thing, really need to see them and will hopefully wake up. Looks like I might as well stick around and stay on the stream for the hearings on that "GIVE" (give? what, give your kids' lives to us at gunpoint?) act, too. It would be great to see some of our star performers here come back for an encore!

edit: The D I was thinking of was Sherman from CA, not someone from NJ
edit: The R from the Dallas area was Hensarling

[fj45lvr]

And yes, I do believe there will be people willing to go through all that paperwork.....Whether they will get the chance is the question....


I totally agreee....they will go through what the FED decides to let them see and "they" will be people chosen by the "partners in Crime" (the Gov.).

Our Gov. is a criminal operation (how else do you give Bankers trillions of peoples money that they work for???).

[specsaregood]

I totally agreee....they will go through what the FED decides to let them see and "they" will be people chosen by the "partners in Crime" (the Gov.).

Our Gov. is a criminal operation (how else do you give Bankers trillions of peoples money that they work for???).

I think we are in agreement, but given the choice of allowing the Fed to continue you as they are in secrecy vs. forcing them to put their lies in print; I would opt to forcing them to lie and cook their books -- at least then you have a slim hope of proving them in a lie.

[fj45lvr]

I think we are in agreement, but given the choice of allowing the Fed to continue you as they are in secrecy vs. forcing them to put their lies in print; I would opt to forcing them to lie and cook their books -- at least then you have a slim hope of proving them in a lie.

Yes there is a slim "hope" (due to human error)...but more likely this will become a "glowing endorsement" (PR opportunity).

I don't know enough to believe that the twin tower attack was anything other than what the "official" 9/11 report said it was, but that 9/11 report is a GREAT EXAMPLE of what will be "fabricated" by any "audit".

[fr33domfightr]

Since most people seem to think THE FED is part of the government, they'll be all for the audit. After all, it's part of the government, so nothing should be secret, right?? ;)

I'm with others in favor of the audit. I know the Fed would certainly not like this, and they'll probably get their lobbyists to thwart passage of the transparency Bill. I'm hopeful something can be found if unrestricted access is voted for. I'd also like to know where all the gold from 1933 went. I'd expect they'd find market manipulations in precious metals and commodities.

Anything that comes to light that can piss off the American People is a good thing. One more straw to help break the camels back.


FF

[MsDoodahs]

Nancy Pelosi can keep it from ever being voted on, and that's something I would expect from that *(&*(&^*( *()&()&*(*& (%^%&*()&$ #%*& ()&$@ #%*&.

[Conza88]

Well, some parts of the book are boring, but some are great. To me, it is worth it. But i am trying to have a nice personal library so I like to buy a lot of books.

Ever seen Fahrenheit 451? :p