Florida congressman Alan Grayson laughs in Ben Bernanke's face - priceless! ... www.PleaseWatch.net

[TravelingHab]

All this tells me is that Mr. Grayson doesn't understand monetary economics. Currency swaps are not loans. This was one of the more successful programs of the Fed during the crisis and helped minimize global contagion of the crisis (I know that might sound ironic, but it could have been much worse!)

[caligsi]

Wow how do we allow this stuff to happen seriously we including myself are so stupid please share this video and suport politicians like Alan Grayson

[MrDenisGR]

And look at min 3.13.. somthing is hiden

[MrDenisGR]

How Narow people are here? i regret i was born a human to see this.. We should all die..

[pwddogman]

Congressman Grayson shows how truly ignorant he is, beyond that grand combover/birdsnest he is wearing.

[petertrast]

@pwddogman Insults with no points of argument. Weak and lame.

[Christopher41791]

Grayson your another lying asshole...!

[vladddtfan]

all the comments I see are ignorant. Fed's dollar swap arrangements helped save world economy from tanking, and we made money on them! after Wall St drove us to the brink of collapse, Fed was the only institution acting fast enough to prevent total collapse (even though we deregulation since 80s has stripped the Fed of a lot of powers to regulate).

[eits1986]

@vladddtfan

Do you have any idea what this money printing, lending, and inflation is going to do to the world economy? The Fed didn't save ANYTHING, it propped up cancerous institutions and policies and it prolonged a problem and simultaneously made it much, MUCH worse.

Notice how Bernanke called this 500$ BILLION solution "short-term". How on earth can we afford to keep paying or these short-term solutions???

[TravelingHab]

@vladddtfan And unfortunately most on here won't get what you are telling them. You already have one reply who doesn't understand the concept of a short term credit swap meaning that $500B is coming back in the short term and there is no cost. This was a very successful program!

[momozay243]

Lady behind Osama Ben Bernenke looking good ya`ll!

[johnnycmajor]

Ben Bernanke =scumsucking pig at the trough

[alauc]

Bernanke and others are member of financial Mafia! It is red ecomomy! We need blue ecomomy, based on human capital! Is it possible?

[Dking863]

Remember when it said "Silver Certificate" on the dollar bill and the other bills? Now it's nothing more then PAPER! and it's worth about a $.01

The ink is worth more then the Paper.... Enjoy it while you can because in a few yrs it will all be worth NOTHING!

[VIKING33NY]

Alan Grayson, You lost the election because YOU SIR kicked ass while you served.(BIG MONEY KICKED YOU OUT!!!) You are a True American and "WE THE PEOPLE" Think you're a Great American!!!

Thank YOU!!!!!!!

[RoseyM]

where is my $3000? I could do with some of that :o Stupid gov's. 

[piezoelectron]

@verumimillenium how can you even claim to be an educated american citizen when it is the department of treasury and not the federal reserve that 'prints and issues' money?

[piezoelectron]

@verumimillenium how can you even call yourself an educated american when it is the treasury that prints money and not the fed.

[AceOfHeart2012]

What a fucking game! It's ALL illusion. These 'legislators' don't have the authority to legislate ANYTHING. It's ALL FICTION! Paper. Make believe. WTFU!!!

[mandingo9999999]

The rabble-rousing Democrat, wearing a shiny tie festooned with dollar bills, grills Bernanke (and mispronounces his name) about $553 billion worth of currency swaps the Fed made with foreign central banks that ran low on dollars during the credit crunch. This was textbook central banking: pumping liquidity into markets during a panic. The swaps were safe, interest-bearing loans and didn't cost taxpayers a dime. But Grayson seems to think he's uncovered a nefarious handout to shadowy foreigners

[bykashka75]

bernanke is about to cry

[Gioxtream]

PLEASE PLEASE PLEASE >.....CAN WE PERSECUTE PLEASE???? JAIL TIME,JAIL TIME,JAIL TIME AND CONFISCATION OF ALL THE THINGS THEY HAVE.

So when I

[Gioxtream]

Alan Grayson fried him so lovely.

[jrs89]

On the coincidence, "Bernanke is right. The dollar strengthened because panicky investors were desperate for safe assets; that's why the swaps were so desperately needed."

[jrs89]

Grayson is an idiot.

" $553 billion worth of currency swaps the Fed made with foreign central banks that ran low on dollars during the credit crunch. This was textbook central banking: pumping liquidity into markets during a panic. The swaps were safe, interest-bearing loans and didn't cost taxpayers a dime. But Grayson seems to think he's uncovered a nefarious handout to shadowy foreigners. "

-Time Magazine, 12/16/09

[elvgero15]

Federal Reserved Act is illegal... what a joke!!!

[oculist2020]

@elvgero15 Yes, the Federal Reserve act is illegal according to the U.S. Constitution. But then so is the IRS, the Patriot Act, NAFTA, the Global Agreement on Trade and Tariffs, and a myriad of other treaties, statutes and policies. What does that mean? That even relatively uneducated people, ignorant of the U.S. Constitution, can recognize this? It has been decision time. The longer you wait, the more expensive YOUR effort, of coarse, unless freedom and the Constitution mean nothing to you.

[paulsboroman]

"This is actually textbook central banking:pumping liquidity ito markets during a panic.The swaps were safe, interest bearing loans & didn't cost the taxpayers a dime. Bernanke is right. The dollar strengthened because panicky investors were desperate for safe assets; that's why the swaps were so desperately needed."--Time Magazine report

[JIbaro386]

@paulsboroman if bernanke is right, why is he shitting himself? I know why, its a giant ponsi scheme.

[verumimillenium]

It's time for citizens to unite and push for Congress to shut down the Federal Reserve. They are the only ones who can, but the public must act and put pressure on these private bankers, who in 1914 while many senators were away, voted among corrupt senators to allow them (private bankers=Fed Res) to print and issue money. Government gave their ability to do so AWAY?!!!!INSANE!!! Poor UnUnited States of America... -sniff-

[AceOfHeart2012]

@verumimillenium We can shut down the Federal Reserve too. STOP USING IT! End of story. Stop signing stuff. That''s where the money is coming from. Your signature is a fungible commodity in commerce. Just like if you are ever questioned by the police, what's the first thing they ask for? Your NAME and DATE OF BIRTH. They cannot proceed against the living man until you assume the role of debtor slave by stating your the NAME. It's on your driver's license, your utility bill and your W-2. Slaves.