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starts outside as for things on the profound reserve progressive change
campaign committee and they've gotten
uh... mission
to stop the
confirmation of ben bernanke he to be the head of the fed again and how long
will you over
extraordinarily
uh... we've received coming on what's what's your beef with ben bernanke
if you have the
many things wrong with them but actually i mean
just to start with in order to the guy kept saying they would know how to
involve all there was no problem with the economy with a ticket deregulate
needed to promote sub-prime mortgages
when he turned out to be well we can begin to blow up
you know what did he do dissolution with a whole bunch of
secret bailout trillions of dollars he still refuting the taco we spent
you know i know
or a ten percent unemployment sure that
but then come back to record profits but average americans are hurting
an intricate include do anything about it
there was uh... you know if he could never recently came out of the lapd
federal reserve meeting they put their big here with the economy might start
growing again don't wait for lending thing about the average people and you
know that might cause inflation someday instead of worrying about actual people
being unemployed they're worried about the theoretical threat of inflation it's
just crazy
and uh... or
embryos has led the secrecy of the federal emi and i don't know if you'd be
more specific what only keeping secret
that you know at the very least we shouldn't
know about before we confirm anyone to be that effect
yes so metafilter have a lot of power most people don't know about it because
of an obscure organization but
inmates amritsar factor basically given the authority make any kind of loading
anybody little whether in u_s_ or other countries are banks are businesses
for any reason they want to you know it's not an emergency power at the power
to commute every day
well from the time the president and missus power it's just kind of in the
law
everybody sort of it nor is it
but when the quake hit kentucky really started using it would be
you know he actually spent trillions of dollars from it was kind of
unprecedented for the fact that normally don't use that power at all
federal doesn't he just fake hold the key gave the trillions of dollars to you
like a pit pretty fundamental
and i think you know unaccountable collected
exponentially in the dark of american money buying fate with the
we should know where it's going to enough promises question three or four
times the three or four different yes but i am amazed by it every time so i
asked every time
well cried as he
come up with a trillion dollars comming up my understanding was that
congress is supposed to pass spending bills where is this
you know
somewhat unregulated ek
it pits
entity the fed i mean they and they keep there once was redoing the regulation
and i keep wondering who watches the watchers right nationalist and is so
what does he get the authority to come up with a trillion dollars in went out
of the come from
iclicker credit separate carbonated howard trip
print money you know that
they basically are in charge of the money for choir
they couldn't try to make the money out of thin air they need it
it's truly have a good the final question alike
that for the credible power whose
keep it was put on her if the fed keeping overpaid on the banks is keeping
a record look bad
and selling it but i can't think about that he had
he's been fighting tooth and nail to prevent it from auditing the fed
people on the books
it makes said pretty much the only agency that congress can't do an
investigation of
pollack they could have been working really hard to get that provision
removed
and ben bradlee has been personally calling congressman on the committee
telling them that you know economy will take it that whatever investigates the
fed
again just totally ridiculous
where is the state of the flight now i know that uh... bernie sanders who said
he is in a book noah burn i_t_n_ today
i basically announced that he's a put a hold on and so they can be sixty
senators
to be on brenneke side from the past that look that's bernie sanders put up
the good fight as usual
of but dvd and get the sixty senators and how can we prevent that
jacket
near something that totally up to us
i've talked to a bunch of people on the hill and the transparent that nato to
all the banks and financial companies want vernacular through but the senators
are scared because people are starting to pay attention to this economic stuff
they know the country of hurting a bit worried but there could be apocalypse
so we need is a legal organizing show that they were the backlash people
you karen for project another correcting what they can get real without anyone
paying attention
let's go with the p triple p of start-up stop dot com
left never let you go there and find i'm little senator to vote no on permanent
even tell us where the chilling the dollar's gave away went to you
and
be able to grab some republicans on this one because now brenneke was initially
of course appointed by george w_ bush and i think reappointed by obama so we
got the republicans and democrats
theoretically on his side is a gentle
think is a leader says so but
but you might be looking away some republican votes here who
arm
think well i don't care who are voting for in the past they don't they're not
particularly
it by keeping track of their own poppers too
both they couldn't enough say hey look at is a vote against obama on then
and some republicans are so concerned about the fed as well so is there a
chance to grab in some of them and work with them in this case
let me know sexually it had been kind of a bizarre experience bus tickets we've
actually been getting to work closely with a lot of right wing group
i mean you know we're pretty much diametrically opposed to mister to keep
ready people abroad
you know one thing about the keepers here that that they don't like secret
ballot i think that
but they pretty much everybody can get behind except for wall street
for it's actually the chance for a new republican to democrat get-together at
the bench after coming out this week uniform top republican economist
unprofitable connemara
you know like if in fact this is pretty common sense no discussion about what he
did not tell congress where you gave it
and about worry about unemployment
refund saving big bank instead
deceased
you know what that
you guys of the progressive changed everything to you got me
yeah
uh... i'm going to pass up the whole were all the money went
and without true transparency
then would you consider supporting fabric is that i have a friend
and that will actually be a huge stepped between if you have a total
change of heart
enormous it's in the contract but like i said they're
so many problems with bracket secret ballot for just the beginning you know
that could lead to merge w_ bush tried it their own conflict auriane
deregulation on the economy on the housing credit confirmed but by
mortgages that unemployment
you know the greatest looking for more transparency for at least we compete
what he's doing with their money
but i thought they could fundamentally going to be spending at the wrong way
yet you know it's
funny that we've got sold dot usa commercialism washington that if you are
wrong do you get promoted if you're right your french player
using for the fed
when the meltdown happen
but we're giving it where not butts from a lot of people in the media and the
bobbitt mysteries and give them credit
for somewhat handle a young we did have a debate about that but someone in
the crisis packard happen but what happened before that
i think that's it
names like
that should be a question issue that struck the company here most of us
typically barefoot you know
book politically thinking and returning him i mean we had a huge selected which
about one basically because of the economy because people want change they
want to be comic management
and the federal reserve chairman is probably the number one most important
job for governing the economy controls the money to buy a controlled the bank
and whose thirty three point missie mcguire george w_ bush did makes it open
that that is little tough to justify and whether bush appointed born on he was a
chapter of the ship when the ship ran aground
and i'm not sure i'd want to rehire the captain of the fact that recruit because
you know what you got some people on the lifeboats
in fact pics delegates because working liberal economists were predicting that
have been bubble for years they had all the crap box in front of them
traci should have been able to keep it coming
and in fact you talked about it repeatedly people opting what did he
think of these numbers and don't worry about it it's not a problem
and just incredibly poor judgment
art harris words of the veracity stamping committee bull progresses dot
org and it's not bail out then dot com
dr and popular
patsick current website on this particular issue affects so much for
joining us
traveler
young turks
has