*** Bernanke/Paulson testify before the House Finance committee**

[MiniMe]

Starting at 2:30 on cspan3 today.

[helderheid]

1. Thanks!!

[MiniMe]

2. Bump to keep everybody up to date

[rubberducky]

3. Thank you !

[helderheid]

4. LINK:

http://c-span.org/Watch/C-SPAN3_wm.aspx

[MiniMe]

5. Thanks Helderheid

Bumping back to the top

[helderheid]

You betcha! Barney Frank on now

[dweller]

6. is there a way to just listen?

can stop to deal w/ video slowing down computer.

dp

[kirby]

8. There used to be audio only links on c-span.org before the redesign...

You might try the c-span radio link which is audio only and may be simulcasting it.

[Solly Mack]

7. Could use more recommends or must reads

or maybe a pay attention to this because it's important option

[suffragette]

9. Gave it a must read

[Solly Mack]

18. Thanks!!!

[MiniMe]

13. Thanks Solly

I hate to beg on my own thread. :hi:

Hearing is starting now.

[Solly Mack]

16. You're welcome!

:)

[JohnnyBoots]

10. THANKS DUDE!!!!!!

[MiniMe]

11. Starting shortly

[bushmeister0]

12. This ought to be good.

The House is a little wilder than the Senate.

Romper Room versus the school library.

[helderheid]

14. ON

[MiniMe]

15. Can we get a few recs? Barney Frank speaking

[helderheid]

17. I wish I could rec again!

:hi:

[buzzard]

19. This will be more of the same crap as yesterday, "Trust me" or else.n/t

[MiniMe]

20. Opening statements

[helderheid]

21. NEEDS ONE MORE MUST READ REC!

[bushmeister0]

22. Deborah Pryce already off on the wrong foot.

She's still got an open mind on this? I wonder what her constiuents think? Do they feel they need to be "sold" on this?

[Solly Mack]

23. Ha! Don't blame the Bush-bot messengers...OK..blame Bush

and the free marketers

[slipslidingaway]

29. They came here to alert us of a problem, would be funny if it was

not so sad.

[Solly Mack]

38. That's the story of the last 8 years....would be funny if it wasn't so sad

[JPZenger]

24. Here's a great review of Republican alternative plan

http://www.dailykos.com/storyonly/2008/9/24/0929/91830/883/608294

[Solly Mack]

25. So..tell us....don't play the IF they knew game...tell us..spell it out exactly

[Solly Mack]

26. Please spare me the "protect the tax payers" bullshit while you're screwing me over

[Solly Mack]

27. Nah..it started with deregulation and allowing wall street to have its way

[Solly Mack]

28. OK. DUDE. An additional 10k to everything else tax payers are paying for IS NOT LIMITING

the impact on the tax payer

[dixiegrrrrl]

30. On MSNBC now ..

and with a DOW watch in the corner of the screen ( up 30 points)

[bushmeister0]

37. How about this guy, instead? The mountain climber seems more apporpo.

[kirby]

63. Is this better?

[Solly Mack]

31. It's for your own good

lololololol

[Solly Mack]

32. but to purchase those assets you have to spend

and the resale speculation is based on some futuristic price that may or may not be realized

[buzzard]

34. I would bet the future price will be lower./t

[Solly Mack]

36. I would too

but then once the cronies buy it up...the value will go up

[Solly Mack]

33. 300 and 1200 dollar checks to buy our silence/cooperation now?

[shadowknows69]

35. Thanks for that brief ass kissing Barney WTF

[Roland99]

40. It's just traditional pleasantries before the gloves come off

[Roland99]

39. This sounds like a 5th grade level snow job from Paulson and Bernanke.

Laughable opening statements.

[MiniMe]

41. 3rd grade I think

I hope the committee has their boots on, it is getting deep in there.

[slipslidingaway]

42. McCain wants to postpone the Friday debate and return to DC

to work on the financial crisis

[Solly Mack]

43. ROFLMAO

He ain't ready

[slipslidingaway]

44. He just wants to do what is best for the country :)))) n/t

[Solly Mack]

45. Yeah...that's it. snort lololol

[suffragette]

64. I think there might be more to this - see my post #54

[Solly Mack]

67. I agree that the GOP is definitely distancing themselves

they're up for re-election...and one of the reasons Bush did not want to make an appeal to the people...but was forced to more or less...last week the WH said Bush would stay out of the way and leave it all up to Bernanke and Paulson... the other day Hoyer suggested Bush should speak to the people...this week Pelosi said... they can ALL do it or no one would...tonight, Bush is speaking

Bush = GOP = Bailout = Disaster economy = <~~ they wanted to avoid this

McCain especially...he's GOP.

This isn't to say that people won't spin it as best they can...they will.

[suffragette]

75. I decided to post this as a thread

Would appreciate if you post your equation there since that is exactly what we need to hammer them with.

[suffragette]

54. McCain and the Republican Congress Members are using this to distance

themselves from Bush and his administration.

And conveniently, this is happening right before the election when they badly need to convince people there is any difference there.

I'm really beginning to wonder if Paulson's plan was drawn up so badly on purpose so they could do this - a real smoke and mirrors plot.

Then McCain can then try to claim that he brought bipartisan agreement to a more workable plan (of course, it would be heavily loaded with trickle down BS and other trickery).

And the Republican is Congress can then use this to point to and claim how apart they are from Bush even though they were instrumental in getting the US economy into this mess through their insistence on deregulation, etc.

We can't let them get away with this.

[Solly Mack]

46. Please. Communicate clearly with obfuscation

I can't wait.

[Solly Mack]

47. "through no fault of their own"

Yeah...free marketeers....not fault of their own

[slipslidingaway]

48. OT...this still has not made the greatest page n/t

[Solly Mack]

49. I want Bernanke and Paulson to guarantee recovery of the money with their own

personal wealth...and not just theirs

[MiniMe]

50. The US will be able to sell them for more than zero

Well, that's comforting

[Solly Mack]

51. I know! I thought..well, 1 is more than zero

[pleah]

52. K&R Still getting use to the MUST READ button,

sorry. :hi:

[slipslidingaway]

53. A Few Quotes from Henry Paulson

posted here
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4076287&mesg_id=4076287


http://www.fiendbear.com/marketre.html

April 20, 2007

"All the signs I look at" show the housing market is at or near the bottom. The U.S.
economy is very healthy and robust."


May 16, 2008

"We are still working through housing and capital markets issues, and expect to be
doing so for some time. We also expect to see a faster pace of economic growth before
the end of the year."

"We are seeing signs of progress as capital and credit markets stabilize. The markets
are considerably calmer now than they were in March."

"Some bumps in the road" are likely, especially in the housing sector, but we are
closer to the end of the market turmoil than the beginning."

[MiniMe]

55. Give us the money or else, give us the money or else, give us the money or else

[Solly Mack]

56. The alternative is: my wealth will decrease..please spare a dime

[Solly Mack]

57. Answer the damn question

[Solly Mack]

58. LMAO he didn't answer the question

[Solly Mack]

59. Can this fuckwad answer the question asked?

or is he genetically programmed to answer everything but the question asked?

[MiniMe]

60. Did he just say these banks are financing themselves?

What's wrong with that picture?

[OmmmSweetOmmm]

61. I suffered through yesterday's Senate hearing...has anyone asked Paulson why he sat on his plan for

months, as was revealed in yesterday's hearing???

[MiniMe]

66. I would love to hear the answer to that

[MadrasT]

70. Two things:

1. I'm DYING to know that answer to that, but I just joined in today.

2. Hug for sitting through Senate yesterday - fellow warrior here :hug:

[OmmmSweetOmmm]

78. Hugs right back to you! Like a glutton for punishment, I have the House Hearing on right now.

Still waiting for someone to ask that question. It bothers me that no one has zeroed in on that.

[MiniMe]

62. Hearing suspended for some votes

The witnesses have to leave at 5:15

[bushmeister0]

65. So, Waters is saying she'll vote for this thing only if Paulson

puts some token goodies in for minority business people?

That's really getting to the heart of the matter! WTF?

[MiniMe]

68. I think they are still voting and are showing what happened earlier

Just keeping this near the top.

[bushmeister0]

76. They appear to be voting to end the ban on off shore drilling, giving the pentagon

$630 billion and feathering their beds with thousands of ear marks.

http://news.yahoo.com/s/ap/20080924/ap_on_go_co/congress_spending

[MadrasT]

69. Woohoo! DU DEFCON level elevation!

:woohoo:

[MiniMe]

71. I think it is because of McCain wanting to "postpone" Friday's debate

[MadrasT]

73. Probably, but I feel like I'm doing my l little part here

:bounce: It takes a village to bring DU to DEFCON 2. :woohoo:

[MadrasT]

72. Ha! Garrett is giving a major

:wtf: what took you so long to clue us in speech.

[MadrasT]

74. Woot! My Rep is on this committee (Gerlach - R - PA)

He's a repuke, but he's my repuke... :eyes:

[MiniMe]

77. Hearing is back LIVE

[Solly Mack]

79. Thanks!!!

[Solly Mack]

80. ut oh...trickle down

[MiniMe]

81. trickle down = voodoo economics

Or Bernanke taking a dump on all of us.

[Solly Mack]

83. Yep

[Solly Mack]

82. so if you just give us the money, the dollar will eventually go up

but in the meantime

[Solly Mack]

84. They are "looking forward " to having a program? Uh, so what's the money for

if not for a program/plan they have in mind?

[Solly Mack]

85. What service to the country?

Snort

[MadrasT]

86. OMG - LaTourette made me cry.

The guy in Ohio on his couch... :cry:

[MadrasT]

87. I think all the stress is giving me a meltdown.

[MiniMe]

88. Paulson and Bernanke are getting an earful

They have apparently been reading their emails and forming some questions from what they received. Paulson is just stuttering and not answering the questions.

[Individualist]

89. K&MR

[Individualist]

90. Sherman of California: this transfers more power to "an already imperical presidency"

[MadrasT]

91. *snort* "You have a credibility problem"

:rofl: