Sen. Bernie Sanders: "Bernanke Is The Problem" (Ratigan Video)

MSNBC Video: Bernie Sanders Lays Waste To Money-Buckets Bernanke -- Aired Nov. 30

A Senate panel this week will hold a hearing on Federal Reserve Chairman Ben Bernanke’s nomination to a second term in charge of the nation’s central banks.  The appointment is subject to Senate confirmation. 

Sanders is voting no:

• “The middle class of America is collapsing; we have seen incredible greed, recklessness and illegal behavior on Wall Street.  This guy…missed the boat on the most significant economic crisis since the Great Depression.”

• “We need a whole new direction in the Fed and in our economic policies.  A direction that stands up for a change, not for the rich, not for the top 1 percent, not for the giant financial institutions, but for the working class and the middle class of this country.  Nobody thinks that Ben Bernanke is that person.”

• "If the taxpayers of this country have spent $700 billion bailing out Wall Street because they are too big to fail, why is it that 3 out of the 4 largest financial institutions today are bigger than they were before the bailout, why is it ok that 4 large financial institutions write half the mortgages, two thirds of the credit cards, and control 40% of the deposits.  The bottom line to me is that the middle class in this country is collapsing. We have seen this trend downward for many many years. We need a new direction. We need President Obama to take this country in a new way,  new economic policies and you don't appoint the same old guys if you're going to do that."

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Do not miss this one.  Phenomenal stuff.  Bernanke gets dissected.

Watch

Comments

[DailyBail]

http://sanders.senate.gov/newsroom/news/?id=1D3F6CBF-18FA-4799-9233-27B6F4AD7C13
Sanders on Bernanke: ‘He’s part of the problem’

[James H]

Ratigan's getting better at letting his guests speak. If he gets the hang of that, he will be hands down the best in the biz. (He's best in the biz in my book already, but he'll start getting more recognition once he learns to stop talking quite so much.)

Imagine: Dylan Ratigan vs. George Stephanopolus on ANYTHING. ROFL....

[DailyBail]

i have the interrrupters problem when i get excited...so i sympathize with rat...

[Ken]

Goldman Sachs Bankers Buy Guns to Defend Against “Populist Uprising”
Alice Schroeder
Bloomberg
December 1, 2009

“I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank.

I called Goldman Sachs spokesman Lucas van Praag to ask whether it’s true that Goldman partners feel they need handguns to protect themselves from the angry proletariat. He didn’t call me back. The New York Police Department has told me that “as a preliminary matter” it believes some of the bankers I inquired about do have pistol permits. The NYPD also said it will be a while before it can name names.

While we wait, Goldman has wrapped itself in the flag of Warren Buffett, with whom it will jointly donate $500 million, part of an effort to burnish its image — and gain new Goldman clients. Goldman Sachs Chief Executive Officer Lloyd Blankfein also reversed himself after having previously called Goldman’s greed “God’s work” and apologized earlier this month for having participated in things that were “clearly wrong.”

http://www.bloomberg.com/apps/news?pid=20601039&sid=ahD2WoDAL9h0

[Ken]

Emphatically, the trillions of dollars spent over the past year were not in the interest of protecting bank depositors or the general public. They went to protect bank bondholders. Instead of taking appropriate losses on those bonds (which financed reckless mortgage lending), those bonds are happily priced near their face value, for the benefit of private individuals, thanks to an equivalent issuance of U.S. Treasury debt. But that's not enough. Outside of a very narrow set of institutions that are subject to compensation limits, just watch how much of the public's money - which benefitted several major investment banks following a very direct route - gets allocated to Wall Street bonuses in the next few week

MUST READ FOR ALL

CONGRESS :crime is treason

http://www.marketoracle.co.uk/Article15454.html

[Ken]

OBAMA(Now Chicago Mob Shill) Quotes and now turned to proven lies

High Crime=Treason

http://www.notable-quotes.com/o/obama_barack.html

Emphatically, the trillions of dollars spent over the past year were not in the interest of protecting bank depositors or the general public. They went to protect bank bondholders. Instead of taking appropriate losses on those bonds (which financed reckless mortgage lending), those bonds are happily priced near their face value, for the benefit of private individuals, thanks to an equivalent issuance of U.S. Treasury debt. But that's not enough. Outside of a very narrow set of institutions that are subject to compensation limits, just watch how much of the public's money - which benefitted several major investment banks following a very direct route - gets allocated to Wall Street bonuses in the next few weeks.

Climategate: Follow the Money
Climate change researchers must believe in the reality of global warming just as a priest must believe in the existence of God.

http://online.wsj.com/article/SB10001424052748703939404574566124250205490.html?mod=rss_opinion_main

[Ken]

Goldman's call to arms: Bankers seeking gun permits ahead of bonus season
http://www.dailyfinance.com/2009/12/01/goldmans-call-to-arms-bankers-seeking-gun-permits-ahead-of-bon/

GS EMPLOYEES LICENSE TO KILL CITIZENS
without specific cause ... in a Bloomberg article, NYC Police acknowledge that Goldman Sachs employees may shoot anyone other than fellow employees if that person yells at them, calls them bad names or act like thay might! This new rule may be extended to other TARP banks in December as more and more bank employees apply for automatic weapons licenses.


http://dailybail.com/home/revolution-is-in-the-air-literally-live-free-or-die-billboar.html?lastPage=true#comment6469775

[Ken]

Jim Rogers on US Economy FED Ron Paul

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

Peter Schiff educates yet another idiot
http://www.youtube.com/watch?v=FeSNIBeejVM&feature=PlayList&p=A688C60E8F527034&playnext=1&playnext_from=PL&index=51