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« EU wants bondholders to share bank bailout costs | Main | Fear and Loathing on Wall Street - Catastrophic Implications For Banks Of The Ibanez Case Ruling »
Thursday
Jan132011

Bernanke & Sheila Bair On The Economy, Jobs & Housing - VIDEO from Today's CNBC Town Hall

Video - Insight on overcoming the obstacles to small business lending, with Ben Bernanke, Federal Reserve Chairman; Sheila Bair, FDIC Chair; Sen. Mark Warner, (D-VA); and CNBC's Steve Liesman.

"We see the economy strengthening," Bernanke said during a Small Business Forum in Washington DC co-sponsored by the FDIC and CNBC. "It has looked better in the last few months. We think a 3 to 4 percent-type of growth number for 2011 seems reasonable."

"Now that's not going to reduce unemployment at the pace we'd like it to, but certainly it would be good to see the economy growing and that means more sales, more business," he added.

The risk of deflation, meanwhile, "has receded considerably" since August "and so we are moving in the right direction," Bernanke said.

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Here's more...

CNBC Video - How to expand export growth in order to give the economic recovery a boost, with Ben Bernanke, Federal Reserve Chairman; Sheila Bair, FDIC Chair; Sen. Mark Warner, (D-VA); and CNBC's Steve Liesman.

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Bernanke should be careful about appearing on CNBC...

Mash-up of Bernanke's failed predictions...


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Important clip.  Please share it anywhere and everywhere across the net.  Our only hope to stop the heist will come from greater awareness.  Thank you.

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Spliced video from 5 CNBC appearances from 2005-07 where Bernanke demonstrates that he knows Absolutely Nothing.

At a minimum we will make his life miserable and cause him extreme distress as this video passes through a million households and his utter lack of competence is seen by so many.  If nothing else, think of it as a few minutes of your time for karmic revenge.  Thank you!

  • There is no excuse or precedent for the Chairman of the Federal Reserve to misunderstand, miscalculate and misrepresent the greatest debt bubble of the last 200 years so tragically.  Thousands saw it coming, but Greenspan & Bernanke were completely and utterly disconnected from reality.
  • Bernanke actually said that lending standards were circumspect and safe, or something to that effect, and that regulators were closely monitoring the quality of loans made by banks. I will pause while you get off the floor from laughing.
  • Every time he opens his mouth in this clip, he's not just wrong, but insufferably so.  His credibility is non-existent.

 

 

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Reader Comments (2)

Economy to Grow 3-4% in 2011 But Hiring Still Lags: Bernanke

http://www.cnbc.com/id/41058423
Jan 13, 2011 at 3:39 PM | Registered CommenterDailyBail
States with the Highest Foreclosure Rates

http://www.cnbc.com/id/29655038
Jan 13, 2011 at 3:40 PM | Registered CommenterDailyBail

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