Entries by DailyBail (6219)
Mar 24, 2009 at 12:39 PMAIG Bailout LIVE From Capitol Hill: Tim Geithner And Ben Bernanke Testify Before Congress
Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke testify live before Barney Frank and the House Financial Services Committee about the AIG bailout and bonus fiasco. The video feed will run all day.
Live video and transcript are after the jump.
Bank Bailouts: Nobel Laureate Joseph Stiglitz Argues For The Creation Of New Banks (Video And Links 3-22-09)
Twice a winner of the Nobel Prize, Columbia professor Dr. Joseph Stiglitz appeared recently on CNBC's Power Lunch. I will attempt to transcribe some of his comments later but for now just watch. His thesis in this interview is that we should create new banks with taxpayer capital and NOT prop up the zombies that are full of toxic assets.
Stiglitz is a site hero for many reasons but his famous line that " The Obama Administration's bad bank proposal is Cash For Trash" explains nicely why we're very fond of his thinking.
Related:
Stiglitz Comedy Interview on The Colbert Report (video)
Stiglitz at Davos on 'Bank Management Stupidty' (video)
Bank Bailout News Video: Ben Bernanke And Sheila Bair Discuss The Banking Crisis
Four videos of their speeches Friday before the Independent Community Bankers of Association Convention in Phoenix.
