Comments on: Rep. Alan Grayson on the Fed Bailing Out Big Banks: “You Don’t Give Scholarships to Kids Who Fail”

By: ccm800

ccm800 — Mon, 23 Nov 2009 02:40:04 +0000

your right – but I just listen

By: 30percentplusreturns

30percentplusreturns — Mon, 23 Nov 2009 02:28:58 +0000

You say it was side bets but you fail to realize those side bets would of never taken place if it werent for fannie and freddie absorbing the bets. Who do you think purchased the mortgages after they were sliced and diced by brokerage houses??? Bush saw this and new it would be bad but barney frank blocked it. Whenever a govt subsidizes an industry, it collapses the industry. Fannie and freddie should of never been created. It creates a moral and risk hazard.

By: 30percentplusreturns

30percentplusreturns — Mon, 23 Nov 2009 02:25:30 +0000

I dont play identity politics. I know both parties are frauds. Its why since 1999 all my savings have been in gold and silver. The fed must be audited yet fellow democrat Watt is trying to block it. The democrats are treasonous.

By: ZKoftherebellion

ZKoftherebellion — Mon, 23 Nov 2009 01:45:44 +0000

is it just me or is the voice out of sync for part of it?

By: maxamojaxamo

maxamojaxamo — Mon, 23 Nov 2009 01:15:48 +0000

ITS JUST YOU (jk its like a second off)

By: bdf2718

bdf2718 — Mon, 23 Nov 2009 01:15:28 +0000

What the fuck???

Bernanke equates an audit to a takeover by Congress of monetary policy. What the fuck?????????

The Fed is unconstitutional. From section 8 of the Constitution: “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. It can be argued that Congress can delegate those powers to the Fed, but only if Congress retains control. You cannot control effectively without oversight.

By: Davetech23

Davetech23 — Mon, 23 Nov 2009 01:10:16 +0000

Typical rhetoric… shining light on the truth is a “takeover”.

By: chrikac

chrikac — Mon, 23 Nov 2009 00:50:31 +0000

A progressive Democrat worried about an institution that is MARXIST and centrally plans credit. I’ll be danged….either he isn’t a progressive or he’s pretty stupid.

By: cosmosgato

cosmosgato — Mon, 23 Nov 2009 00:29:04 +0000

It also would not have happen if we had a barter economy. The simple truth wealthy people screwed themselves and place their mistake on the public. But you don’t want to hear that you prefer think that the entire world economy was nearly brought to its knees because a few poor people got a house e they couldn’t afford. The entire subprime mortgage was like 500 billion. Again it was the trillions on GAMBLER that wrecked us.

By: beornborg

beornborg — Mon, 23 Nov 2009 00:07:34 +0000

yes, I am willing to offer this at no charge