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.