CONGRESSIONAL VIDEO - Bernanke Discusses Occupy Wall Street: "I Don't Blame Them for Protesting"

Video - Bernie Sanders Questions Bernanke Before Congress - Oct. 4, 2011

Runs 2 minutes.  Quotes and write-up inside.

Source - Raw Story

Senator Bernie Sanders (I-VT) and others questioned Federal Reserve Chairman Ben Bernanke on Tuesday about the ongoing “Occupy Wall Street” protest in lower Manhattan.

“Chairman, as you know, there are people demonstrating against Wall Street in New York City and other cities around the country, and I think the perception on the part of these demonstrators and millions of other Americans is that as a result of the greed, the recklessness and the illegal behavior on Wall Street, we were plunged into the horrendous recession that we’re in right now,” Sanders said at a Joint Economic Committee hearing on the economic outlook.

“Do you agree with that assessment?” he asked Bernanke. “Did Wall Street’s greed and recklessness cause this recession, that lead to so many people losing their jobs?”

Bernanke responded that excessive risk taking on Wall Street and the failure of financial regulators “had a lot to do” with the recession.

“You see protests both on the right and the left,” said another member of the Joint Economic Committee, Rep. Michael Burgess (R-TX). “The protests you see right now getting the headlines are on the left in New York. What is the protest saying to you? What are you hearing from that activity in New York right now?”

“Well, I would say very generally I think people are quite unhappy with the state of the economy and what’s happening,” Bernanke said. “They blame, with some justification, the problems in the financial sector for getting us into this mess, and they’re dissatisfied with the policy response here in Washington.

“And at some level, I can’t blame them,” he added. “Certainly 9 percent unemployment and very slow growth is not a very good situation.”

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Story from earlier today:

• VIDEO - Bernanke Tells Congress: "Operation Twist Is NOT A Game Changer For The Economy"

Comments

[john]

Denninger appears on Ratigan.

http://market-ticker.org/akcs-www?post=195411

[Canuck]

Suckered into a trap

The zeal for totalitarian government amongst some of the “protesters” is shocking. One sign being carried around read, “A government is an entity which holds the monopolistic right to initiate force,” which seems a little ironic when protesters complain about being physically assaulted by police in the same breath.

http://www.globalresearch.ca/index.php?context=viewArticle&code=WAT20111003&articleId=26912

[DailyBail]

That was a great clip John.

Canuck...there is no doubt that the protesters represent a very wide spectrum...i have said this from the beginning...but within that spectrum are brilliant voices...the 'end the fed, stop goldman sachs' kid i have posted on the front page for example...i think what is most important is that protests are happening...not so much that some of the protesters might have screwed up views...one of the first stories i wrote on this site 3 years ago was about bailout politics making for strange bedfellows...it's a fact...and we have to deal with it...there is common ground...

[TR]

Could be we're finished.

http://i.imgur.com/BUZYQ.jpg

[DailyBail]

Great photo TR. Frightening.

[TR]

Henry Ford: "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

[Dave.]

In response to that excellent point in your picture TR.

"He who falls in love with himself has no equal" ~ Ben Franklin ~

The Rule of law Has Been Abolished
http://youtu.be/o7-2CP_o9Jk

The last two are videos exemplify (I believe) where we are and what we have to chose. Hope you enjoy them. Thanks DB! may God keep you and The Daily Bail safe and never silent.

http://youtu.be/pmcS3KLEuT4

http://youtu.be/bgZ2oVlOxlg

[Canuck]

DB, I'm going to play the skeptic here and try to keep an open mind both ways. But I'm highly suspicious of the motives of the people behind this. 'Anonymous' openly backs Assange which sets off alarm bells for me. Yes these kids are out there fighting I just hate to see honest effort hijacked.

[BillF]

Spoken like a true Communist and Traitor. He is saying exactly what He was told to say! This is a Lenin Lookalike
and one of Obama's Boys!

[Texas Dar]

*****@ Canuck *

What started out as just a good thing and was to stop the Rapeing of the poeple since 1913, may turn into the end of our country as we know it..........

Maby to many have woake up at the same time........Lord knows there are pleanty of people to blame from everything that is going down today.......2008 we wondered what is goin on....Today, many people know for sure what the Banksters have in store for us......

This is turning into the 8th grade Science Class Exp. We all did it...........Althoe, Mis Burtram wore low cut dress's and had "Hickkies" on her neck from time to time.........( Monday Mornnings ).............?

We pretend to put one more mouse in the shoe box each week........at one point the mice start to scrap......keep adding and blood will show up.

Sonner or later thAre will be a Dead Mouse in the box next mornning..............Is that next, we'll see..................?