Tuesday, February 24, 2009

Bernanke Pontificates

http://i4.ytimg.com/vi/ki5vwFm_-Rc/default.jpg Bernanke: Pawing at the purse strings of Americans.

The videos from today's Ben Bernanke appearance before Congress can be found at:

VoiceofAmericans2008

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So Many Questions and So Little Time to Answer

Today, I’ve got some questions. One of the questions I have is… Why is the United States paying around 500 billion dollars interest on money that it owes if the money it owes is to banks? Since the banks are the cause of the problems to begin with and since America is giving trillions of dollars to the banks then… why are they paying interest? Shouldn’t the banks be paying interest? Are they getting the money from some special bank that hasn’t been affected by the present crisis? One of the things they teach you when you study to become a lawyer is to never ask a question that you don’t already know the answer to so… let’s assume I know the answer to this question and you can think about it.

more - Les Visible

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