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« Tale Of The TARP Two Years Later: How The Elite Media Perpetuated The Lies | Main | Larry Summers On Paul Volcker & Obama's Banking Proposal, Glass-Steagall Lite (VIDEO) »
Wednesday
Dec142011

Senators Say Bernanke Promises Fed Won't Bailout Europe

SOURCE - WASHINGTON (MarketWatch) - Federal Reserve Chairman Ben Bernanke told Senate Republicans in a closed-door meeting Wednesday that he has no plans to bail out Europe, according a report on WSJ.com quoting Sen. Bob Corker, a Republican from Tennessee, who attended the meeting. "I think people walked away knowing he has no intentions whatsoever of furthering U.S. involvement in the crisis," Corker told reporters after the briefing. Bernanke also told lawmakers that the U.S. economy can be hit if Europe starts to unravel, said Sen. Mike Johanns, a Republican from Nebraska. Sen. Richard Shelby, the Republican chairman of the Senate Banking committee, said that the Fed chairman spoke with some candor about the crisis. "The situation is bleak," Shelby said.

 

 

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Reader Comments (35)

Just a quick note about my disappearance. All is well. I simply found that 2 weeks wasn't enough time to decompress. I am back on the beat starting this evening. I hope everyone is doing well.
Dec 14, 2011 at 5:52 PM | Registered CommenterDailyBail
No more bailouts for any of these maginificent bastards.

This fax went out today.

http://www.foreclosurehamlet.org/profiles/blogs/urgent-fax-from-ri-senator-moura-to-senator-jack-reed?xg_source=activity

Relative to Senator Moura's complaint to the Dept of The Treasury below regarding the jerks at Wells Fargo....

http://www.foreclosurehamlet.org/profiles/blogs/r-i-senator-moura-complaint-to-the-department-of-treasury-re-well?xg_source=activity

This wacko - from the "Office of the President of Wells Fargo" (woo-hoo sounds important!) Shari Ruber had the balls to suggest a legislator was abusing her title for calling the pricks out.

Here's Shari's direct line. Give her a call! 515-324-6987
Dec 14, 2011 at 6:22 PM | Unregistered Commenterchunga
Hi DB! I missed your comment. Welcome Back!
Dec 14, 2011 at 6:24 PM | Unregistered Commenterchunga
Glad you are back and had a chance to de-hypothecate.....happy holidays to you and all here.
Dec 14, 2011 at 6:31 PM | Unregistered Commenterjohn
Promises. promises. It's too late for plausible deniability. There was that recent $600 Billion deal with Europe that was announced. On top of that, there is all of that debt swap activity that the Fed was in, up to Ben Bernanke's eyeballs. But then, can you believe anything that comes out of Congress?

http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
Dec 14, 2011 at 8:44 PM | Unregistered CommenterGeorge Forfa
I don't believe these senators either, just like I don't believe they have a right to make any laws after S. 1867 (the indefinite detention without trial law)...same goes for the House O' Representin' (for the same reason)
Dec 14, 2011 at 9:42 PM | Unregistered CommenterD.L.
("But then, can you believe anything that comes out of Congress?")

Absolutely not!
But then I don't think the Chinese are going to loan us any more cash and like Ron Paul says we are bankrupt. So unless Bernanke is going print a few more trainloads of worthless paper the fat lady has sung and he's done dancing.
Dec 14, 2011 at 10:52 PM | Unregistered CommenterSageBrush
Professor Bill Black on using the RICO Act to Prosecute Banks and Corrupt Politicians. The question everyone wants to know, why hasn't anyone been prosecuted for all of the "Fraud"? The link below will show Bill Black with Dylan Ratigan speaking of the same information another attorney took using the RICO Act, Former U. S. Prosecutor Richard I. Fine, Ph.D. The result are in the links below in a Series from Full Disclosure.Net (www.fulldisclosure.net) The ongoing struggle for Dr. Fine is very real, current and undisputed.

The links are in order as described. It's well worth everyones time. It is appropriately named "The cost of courage."

P.S. Merry Christmas to everyone at the DB.

http://www.youtube.com/watch?v=OO_VAZknN5I&feature=youtube_gdata_player

http://www.youtube.com/watch?v=sMVL28i4Ghk&list=UU3khAcRlZEra2J-oSsxyAMQ&index=3&feature=plcp
Dec 14, 2011 at 10:56 PM | Unregistered CommenterDave
P.S. Very great to see you back DB!

Dave.
Dec 14, 2011 at 10:59 PM | Unregistered CommenterDave
Hi - please take the 2012 'Best Investment' poll http://www.planbeconomics.com/polls/

Thanks!
Dec 14, 2011 at 11:16 PM | Unregistered Commentermark
More than two weeks? You must not have a 9-5.

I'm begging to take three weeks off... *fingers crossed.
Dec 15, 2011 at 2:25 AM | Unregistered CommenterKyle
Bernanke's 100% error rate on his version of the future (home prices won't decline on a nationwide basis; subprime will be contained) is as good as a crystal ball.

So when he says the U.S. won't ball out Europe, that means the U.S. bailout of Europe with American cash has already started. Like the Fed's $7.7 trillion dollar "loan" degenerate Wall Street gamblers in late 2008--information that was dislodged only weeks ago--the outrage of this bailout won't emerge until much later, say, after another 8 million American workers have been jettisoned from the labor force to prop up headline unemployment.

And how will the puppet-in-chief react to this inevitable disclosure? "We must look forward for solutions," i.e., not to the past for justice.

Eventually the lipstick veneer of TV will fail to conceal the stench of reality, which is rape as official policy.
Dec 15, 2011 at 10:35 AM | Unregistered CommenterCheyenne
@Cheyenne

Amen, bro...
Dec 15, 2011 at 12:00 PM | Unregistered CommenterJosie
Thursday, Dec. 15th, 2011 – Today starts out with a PSA. You’ve all seen it before. Picture two eggs, sunny side up, sizzling in a skillet. This is your brain, on fiat currency. The currency is an excitotoxin. It stimulates the nerves. Everything looks and tastes better, but the currency itself is not food, has no nutritional value., and has debilitating side effects. Fiat currency is like MSG. It makes salad look better and gives the taste buds that “zing”. Never mind that MSG has caused brain lesions and tumors in laboratory mice. After decades of using MSG, we have the strange maladies that no official explanation seems to address. As with the side effects that government won’t talk about, so it is with fiat currency.

The world is now delirious with those side effects. The disorientation and confused perception that we read in the news is getting more extreme in it’s mood swings. The only way to survive this is to stop ingesting the fiat currency. It demands explanation for how wrong monetary policy can be, about maintaining viable currencies. The historical explanation is that fiat currencies are a fabrication that always ends in failure. Ben Bernanke should just admit that Federal Reserve notes are not money.

http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
Dec 15, 2011 at 12:51 PM | Unregistered CommenterGeorge Forfa
I would NOT trust this even if Bernanke made a public announcement. The banking cartel's reach knows not of such arcane concepts as borders or sovereignty...it is already global and it will do whatever it needs to do to protect itself...even to the failure of the world's interlinked economies.

How can anyone trust a sociopathic private entity with a congressional mandate to create as much money as it likes with no oversight?

Sheesh...makes me think maybe the Mayans have it right.
Dec 15, 2011 at 1:48 PM | Unregistered Commentercrawlars
He will not bail out Europe, but he will bail out US banks with Euro exposure.
Dec 15, 2011 at 2:03 PM | Unregistered Commentermarmar
he doesnt have to bail out europe he and the banks bank of america and jp morgan have set up the fdic taxpayer suckers to the tune of $154 trillion of dervatives the week of oct 15 - 18 2011 san francisco chronicle - bloom berg -news blackout for the country same as national defense authorizatin why do they hate this country of basically good people? how can they be so unpatriotic?
Dec 15, 2011 at 3:53 PM | Unregistered Commenterrich
Welcome back DB and have a good Christmas all . I'll believe Bernanke and the rest when I seen the books and hook them all up to lie detectors.............There is always quality truth and inciteful comments here at your website..........Ron Paul has gained wider and wider notice becuase he is Truthful. These foks talking "Fraud" and "RICO" have the same chance of wider and wider notice. If Barney Frank is calling it quits, that is also a good sign in the Fraud Forward Direction.......www.SilvertonGold.org..........
Dec 15, 2011 at 4:04 PM | Unregistered CommenterLeo McCormick
Missed you DB, everyone have a very Merry Christmas!
Dec 15, 2011 at 6:09 PM | Unregistered CommenterBackgammon
Shocker.


Bargainers reach deal to head off gov't shutdown
By ALAN FRAM and DAVID ESPO | AP – 2 mins 35 secs ago


http://news.yahoo.com/bargainers-reach-deal-head-off-govt-shutdown-021130079.html
Dec 15, 2011 at 11:02 PM | Unregistered CommenterDave
Good to see you back, again...
Dec 16, 2011 at 4:46 AM | Unregistered CommenterS. Gompers
Answers to “The Four Money Questions” will be front and center, this week. So many defects are obvious in the conflict and nature of fiat currency. It’s more than politics. actions are followed by consequence, much more quickly, now. Finding the answers to the four money questions has to be done, before everyone is late for the party. Being late is being last in line at the homeless shelter.

Read more at: http://georgesblogforum.wordpress.com/2011/09/16/the-four-money-questions-update-09-162011/
Dec 16, 2011 at 12:15 PM | Unregistered CommenterGeorge Forfa
Little bit of humor on a Friday. If it weren't real it would be funny. ;-)

tOO BiG To fAiL LOan MOdIFiCATioN FOrm r.1.A.002.B.XXXX

http://www.foreclosurehamlet.org/profiles/blogs/too-big-to-fail-loan-modification-form-r-1-a-002-b-xxxx
Dec 16, 2011 at 1:26 PM | Unregistered Commenterchunga
Hi All.........

Having "Nothing to Do, & All Day to Do It"......sure makes for a lonley day @the PCB Cabin.........with out e-mail from "DB" everyday I've had to turn to something new to take the place.......No way to compar the truth from the garbage we are fed everyday from MSM........

Sooooooo, heres what I did. Started looking@ the planes for sale hoping to find a "Fire Sale Price"......In 1979-1983 I was looking at a Piper Tri-Pacer. Instead I bought a Tour Bus.......Today im looking at this...................... Skymaster Excel Powered Parachute.
http://www.ultralightnews.com/ppcinfo/skymasterexcel.htm

Mine is Black with Yellow trim. Its in Houston Texas and will be in Branson, Jan. 17th........Low-n-Slow. 300' to 5,000' most of the time.... Takes off at 28-knots, flys at 28, and lands at 28-knots........

Oh, its worth $19,000, and i got it for $6,000 bid.............has Only 6hr. on it, and was $29,000. New............2 place, but I know I can get 2 "Pertty-Chic's" in the back seat...........

So, wile the rest of ya's are trying to find something to do with all that "Spare Time", in between Daily Bail Posts, I'll be above lookin down on the country going to Hell..............

I have "Realy Missed" DB's info each day, but know thAre comes a time when ya just gotta back er down, before you "Come On Glued", with whats going on today......Plus, I miss yackin with all the Good Friends I've met here to.

Im Extra Worried about Cheyenne , He like Dar, has way to much fun when out on the road...............?

"Happy Hollidays and hope ya'll get what you asked Santa to bring ya. I lost my first dream to 2 tick bites. Now I get to live my 2nd dream.....P.S. mom said, the first word I said was.........................."Air Plane" !
Dec 17, 2011 at 11:17 AM | Unregistered CommenterTexas Dar
Nice one dar! My friend has one of these..

http://www.sea-plane.com/Product%20Line/Aventura%20II.html

I had to help him a bit because he couldn't take off while in the water. I had to adjust (increase) the propeller pitch a bit and now it works fine. He did buy the emergency parachute for it and so far hasn't had to use it.
Enjoy and take care....happy holidays!
Dec 17, 2011 at 11:32 AM | Unregistered Commenterjohn
Great, no more bailouts for the kingdoms of yerp, and the CFRtv congressional election campaigns paid off for the victors. So as Bernanke does the 'buck and wing' across the floor out of the room as he flips us all the bird, what are we going to do with the still damp useless scrip the Rothschild Europeans paid us back with for Bernanke-purloined-American-producers' hard earned cash? Beyond mewling and prancing, AGAIN, congressional FAIL. I am surprised Bernanke has not been arrested already. The SEC and Secretary of the Treasury are both exGoldman-Sachs and freemasonry brats. Bernanke's rotted log should be easy to find. This rip off must have been easier than conning their grandmothers.

Can we get some leadership? A lobotomized yes-man street punk president and congress breaking laws to be recolonized by Europe should be like feeding chickens to the big cats in the zoo.

Inventing all major advances in technology and other scientific endeavor takes thinking. I fear not these S-1867 m___________s, for I have the power.
Good to see you back Daily Bail!
Dec 17, 2011 at 4:52 PM | Unregistered CommenterHoward T. Lewis III
Sounds cool Dar, personally I like my flying machines a little older...

http://www.wacoclassic.com/
Dec 18, 2011 at 3:54 AM | Unregistered CommenterS. Gompers
Trauma and denial, why people resist the truth..............."Must See"................

http://www.brasschecktv.com/videos/the-911-files/trauma-and-denial-why-people-resist-the-truth.html
Dec 18, 2011 at 2:00 PM | Unregistered CommenterTexas Dar
Best viewed with a bottle of Vodcka, Wiskie, or a case of Beer...................................

While Americans shopped,
the Constitution was shredded
http://www.brasschecktv.com/videos/the-war-on-terror-is-a-fraud/while-americans-shopped-the-constitution-was-shredded.html
Dec 18, 2011 at 2:29 PM | Unregistered CommenterTexas Dar
20'x20' vegetable garden/person. 3 chickens/person. 2-50lb. bags of scratch/chicken. Beer making equipment. Defense against CFRtv inspired neighbors limited to distance, walls, and the mewling, prancing congress. Improvised and manufactured weapons of legal manifestation. A happy-face place attitude.
Dec 18, 2011 at 7:15 PM | Unregistered CommenterHoward T. Lewis III
Folks, just look at what's happening all over Washington. It is so obvious that the main players in this real life action/thriller; Everyone is above the law! Corzine, Holder, Obama, Clinton, to name a few, say and do what they want to do and the hell with our country. Bernanke HAS AND WILL bail-out his European masters, and what are you and I going to do about it? Call a cop? Write our congressman? Yeah right! This is about destroying the middle-class. And they know exactly what they are doing.

One critical point needs to be made a thousand times: The biggest enemy that threatens the liberty, security, and prosperity of the American people is not the invented terrorist group Al-Qaeda, or Iran, or China, but the hijacked and treasonous government in Washington. It is a failed terrorist state [3].

It is a matter of public record that members of the Obama administration, including President Obama, have committed federal crimes, war crimes, and the crime of treason. They have followed in the footsteps of their predecessors in the administrations of Bush II, Clinton, Bush I, Reagan, Carter, Ford, Nixon, and Johnson.

As a result, Barack Obama has no authority to be President, and the hijacked Congress has no authority to make any laws. They have lost the confidence of the American people.

A bad government has no authority over a good people.

- S. Mohammadi  12-18-11

(3) http://www.infowars.com/10-reasons-why-america-is-a-failed-terrorist-state/
Dec 19, 2011 at 1:18 AM | Unregistered CommenterMike Templewind
The coordinated bankster effort to smear Ron Paul with their army of brain dead MSM puppets isn't working. The more they push their hackneyed puppet show, the more glaring its failure becomes, as Ron Paul has just moved into the Iowa lead with just 2 weeks to go.

http://fivethirtyeight.blogs.nytimes.com/2011/12/19/paul-moves-into-lead-in-iowa-forecast/
Dec 19, 2011 at 10:42 AM | Unregistered CommenterCheyenne
Thank you for your generous donation to the Ron Paul 2012 Presidential Campaign Committee. Your contribution to Ron will help fuel the fight to return this country to the principles that made it great.

Here are your transaction details:
Donation amount: $201.20
Transaction date/time: 2011-12-18 18:46:22
Transaction ID: 326781827


Thank you,
Ron Paul 2012 PCC
Dec 19, 2011 at 10:51 AM | Unregistered Commenterchunga
MAKE THIS GO VIRAL! For years we've been told to never touch our retirement savings. That was before we found out that crooked Wall Street banksters were using our 401k as their own personal pocketbook. Cutoff the supply of money they use against us each and every day...OURS! 2012 will be a very trying year for us all and we can all use a little extra cash. Just for 2012, go on line to your retirement provider and set your retirement contribution to 0%. You can change it anytime and it only takes a few minutes and key strokes. This will give you the extra money you'll need next year AND you'll be doing the country a favor by fighting back NOW!
Dec 19, 2011 at 3:37 PM | Unregistered Commenterchiller
Ron Paul & Joe Rogan on the tonight show. For us Dr. Paul fans.

http://www.youtube.com/watch?v=VMUZIVYuluc&feature=youtube_gdata_player
Dec 20, 2011 at 6:29 AM | Unregistered CommenterDave

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