Paul And Bernanke Discuss Auditing The Fed & HR 1207 (Video)

"Doctor, Nice To See You Doctor...Now About That Fed Audit"

This clip is B-52 versus Ron Paul from CNBC today.  We also have the 5-minute youtube versions of this video inside.  Outstanding discussion of several issues including an actual adult conversation about the ramifications of a Federal Reserve Audit.

Federal Reserve Chairman Ben Bernanke makes his semiannual testimony to Congress on the economy and monetary policy.

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Barofsky: Financial Bailout Tally Could Reach $23.7 Trillion

Later this morning, SIG TARP (Special Inpsector General) and frequent Geithner critic, Neil Barofsky will testify before the Congressional Oversight Panel headed by Elizabeth Warren.  Select details of the report were leaked Monday.  In addition to criticizing Treasury's lack of transparency and unacceptable accounting, Barofsky reaches a mind-numbing, numerical conclusion: total gross committments could potentially reach $23.7 trillion.  And yet the bailout spigot continues flowing, and still no one has been charged with a single felony.

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Gasparino: Goldman Has No Plans To Give Up Commercial Bank Status (CNBC Video)

Charlie's a pretty vocal Goldman critic, so there was some surprise that they chose him to be their mouthpiece to the detractors.  Some decent information in this clip.

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Paul Krugman On Bailouts & Lemon Socialism (Times Talks Video)

As I've written many times, he is wrong about the failure of Lehman.  Conventional wisdom has a way of ridding the mind of thought.

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The Daily Show: Extended Interview Of Barney Frank (Video)

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The Man Who Should Be President

Really, there are no words for an interview this good (TechTicker Clip 6:10).  Best one of Dr. Ron Paul I've ever seen.

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Dennis Kneale Brain Spasm: Blog You! (Video)

For the record we and our commenters are none of the following: vicious, homophobic or nihilistically negative.  Short, funny Dennis Kneale brain spasm (1:38 CNBC Clip).  A very broad brush, a very broad brush indeed.

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Kudlow On The Fed's Balance Sheet (Video)

Federal Reserve Chairman Benjamin B-52 Bernanke testifies tomorrow before the House Financial Services Committee.  Larry Kudlow had a decent primer tonight.  It's short and helpful.  The eventual use of bank reserves on deposit at the Fed to soak up excess liquidity (inflation), and the money supply are discussed (3:12 CNBC Clip).  Watch.

Here's one part of the Fed's balance sheet that's likely not doing so hot.

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Kenneth Rogoff On Healthcare & The National Debt (Editorial)

Rogoff wrote a stellar op-ed a few weeks ago and it's been on my list for weekend posts.  It will be one of the very few times we discuss healthcare reform on these pages, but given the debt context of his editorial, it fits our theme.

(Photo is a teenage Rogoff in a National Chess Event)

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Scary Fox News & Brian Kilmeade (Bizarre Video)

Kilmeade says the problem with Americans is that we keep marrying other species, other ethnicities, and thus we aren't pure like the Swedish (0:52).  Random, bizarre clip of the month.

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Marcy Kaptur Gets Her Bailout Rant On (Fed Gets Lambasted Clip)

Ohio Democrat Marcy Kaptur, rails gainst Washington capture and demands transparency with her call for an audit of the Federal Reserve.

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Monkey See Monkey Do (Fed Love Letter)

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Alan Grayson: "Paulson Had A $700 Million Conflict Of Interest" (Ratigan Clip Broadcast Thursday July 16)

"Hank Paulson never should have had that job in the first place. He had a $700 million conflict of interest, and everything that he did while he was Treasury Secretary, every single thing that he did, has one explanation - what's good for Hank Paulson."

If I'm not mistaken, Grayson just bit off Paulson's head and sent it rolling down the sidewalk.

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Ritholtz & Ratigan Examine The Vampire Squid

The vampire squid is Government Goldman.  You are a fish.  "Annie, go get your nuke."

Dylan Ratigan teams up with Barry Ritholtz and in 7 minutes they cover everything from AIG to Goldman to bailouts and back-door bailouts to bank bondholders to 10-year old girls who are paralyzed (no kidding) to "What the frack is Tim Geithner thinking?"

The female reporter is clueless.  Why even bother showing up.

This is a squid-throttling, Sachs-busting, taxpayer-soothing clip .  Watch it, save it, send it.

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