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“This is the end of an era,” said the Congressman, “we can’t reinflate the bubble….if we think that we can reinflate this bubble by artificially creating credit out of thin air and calling it capital, believe me we don’t have a prayer of solving these problems - we have a total misunderstanding of what credit is versus capital.”
Originally posted by Tentickles
reply to post by Allegory of Illumination
Ha yeah! I saw that, he did a great job of stating the correct things.
Ron Paul always does a good job stating what most of us are thinking or needing to know.
Bernake really needs to give us more information, there are times when he talks and Im waiting for him to finish a sentence and he just goes on the the next thing. Stating the exact thing over and over and over again.
Does he think we are idiots?
Originally posted by redhatty
Personally I would like to see Ron Paul take his allocated 5 minutes and actually ask the hard questions and DEMAND the answers rather than take that same time to pontificate.
He would get a lot more press by really putting the screws to Bernanke rather than just make statements.
The majority of Americans don't watch CNBC or CSPAN, but put Bernanke or bankers in a real hot seat and EVERY news outlet will carry it
Anchors Erin Burnett and Mark Haines were so perturbed by what they had just heard that they immediately cut to a commercial break:
Haines: "This is not going as planned"
Burnett: "No it is not"
Haines: "We were told that there would be a very limited number of opening statements, and it seems to be getting out of control."
Burnett: "Here’s what we forgot, everybody is taking this live, you know what that means? Why would they miss an opportunity for free air time?"
Haines: "We’re going to take a commercial break and get them out of the way, so that when something really substandard [he must mean substantial?] is happening, we don’t have to interrupt them."