benanke & paulson to congress- Bailout is working

[spanone]

are these fuckers on crack?

NEW YORK (CNNMoney.com) -- Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday that the $700 billion bailout program was making progress despite increasing criticism of it in recent weeks.

Speaking before the House Financial Services committee, Paulson and Bernanke, joined by Federal Deposit Insurance Corporation Chairman Sheila Bair, stressed that they tried to respond as appropriately as possible in what has been a rapidly changing and painful crisis that has roiled the entire global financial system.

"I am very proud of the decisive actions by Treasury, the Fed and the FDIC to stabilize our financial system," Paulson told members of Congress in his prepared remarks. "We have done what was necessary as facts and conditions in the market and economy have changed."

http://money.cnn.com/2008/11/18/news/economy/bailout_hearing/index.htm

[OPERATIONMINDCRIME]

1. THANK GOD IT PASSED!

:rofl:

[spanone]

2. well, at least henry is proud!

[kentuck]

17. I'll bet he is !

King Henry the Grave Robber.

[earth mom]

18. So are you laughing at yourself? Because you're the one who originally posted those famous words.nt

[slipslidingaway]

3. Yes, Paulson says we did our job, preventing the collapse

of markets, oh and good luck :)

[Phred42]

4. LOL - WTF eles COULD they say

:crazy:

[spanone]

6. well, we certainly don't expect anything close to the truth when it comes to bu$hco

[Phred42]

8. Correct!

[Vanje]

5. The bailout is working great!

Working to make Paulsons and Bernanke's cronies even richer than they were before.
Party on,Henry!
Party on,Ben!

[bdamomma]

7. Paulson and Bernanke both criminals.

[Amerigo Vespucci]

9. BREAKING: McCain can walk the streets of Baghdad like it's a farmers market or something!

He can walk the streets just like he was walking through the Hickory Farms in some Kansas shopping mall! THE SURGE IS WORKING!





He doesn't need bodyguards or a flak jacket! He could walk down the street in gym shorts and a takn top and not lose any limbs whatsoever!

GOD BLESS YOU Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke for doing your part to make our own little "surge" such a great success!

:grouphug:

[MannyGoldstein]

10. Krugman Agrees

I gotta go with Krugman on this... however, Krugman also says this could have been done much better.

[spanone]

11. sounds like the carmakers are unwilling to give kickbacks to paulson

[valerief]

12. It's a bailout for plumbers now. At least, Paulson is defending plumbers

as a being a "financial institution."

CSPAN1

[Oregone]

13. Wow, both the Bailout and the Surge are "working".

I feel so much better now. Is the free market also working? I love magic.

[spanone]

14. it's a free market with taxpayers money...they are free to take our money

[spanone]

15. Lawmakers Told More Is Needed to Aid Economy

MORE OF OUR MONEY

Top financial officials warned Congress on Tuesday that the economy continued to need urgent attention, with the credit markets remaining tight, millions of homeowners sliding toward foreclosure and the government’s relief payments unlikely to flow into the markets for a few more months.

Ben S. Bernanke, chairman of the Federal Reserve, described signs of only modest improvement in the credit markets, warning that “overall, credit conditions are still far from normal, with risk spreads remaining very elevated.”

And, in a statement prepared for a hearing Tuesday morning before the House Committee on Financial Services, he strongly urged banks to improve the flow of loans to their most creditworthy borrowers.

http://www.nytimes.com/2008/11/19/business/economy/19bailout.html?_r=1&hp=&pagewanted=print

[surrealAmerican]

16. Ah, yes. The splurge is working ...

... and just how do they define "working"?

[soothsayer]

22. splurge! LOL, that's excellent

[earth mom]

19. Sure the bailout is working well for the criminals who stole the money.

:puke:

[goforit]

24. The rich get richer!!!!

[spanone]

20. ron paul up

link

http://cspan.org/Watch/watch.aspx?MediaId=HP-R-12762

[OwnedByFerrets]

21. IE: "Now "we" can all retire like royalty"

[EnviroBat]

23. The SURGE IS WORKING!

Oh wait, wrong bullshit...