Rep. Alan Grayson on the Fed Bailing Out Big Banks: "You Don't Give Scholarships to Kids Who Fail"

[carlos7Xavier7]

y esto que tiene que ver con kc and the sunshine band, youtube cada vez mas peor.

[STL2010MO]

Thanks for your honesty!

[runinstyledotcome]

Bad Banks

Bank of America

CitiBank

JPMorgan Chase

[orangedac]

the ideal combo for the presidency is :

Ron Paul & Alan Grayson

they should form a new party.

[jimmyrtle]

@orangedac

The idiot party.

[orangedac]

@jimmyrtle

the only idiots are the one who keep voting for the same 2 parties

[jimmyrtle]

@orangedac

Nader, Perot and Ventura...the smart party. LOL!

[Unkn0wnGuy]

AUDIT THE FED BILL HAS BEEN DEFEATED. Over 100 co-sponsors all of a sudden changed their vote. Let's find out who voted AGAINST this bill and vote them out (we should actually hang them). Voting against this kind of bill is treason.

[orangedac]

@Unkn0wnGuy

the politicians who co-sponsored the bill voted in favor of the bill when the people were watching and quietly changed their vote when all eyes were off the issue.

bunch of crooks!

[callouschristian]

This was November 20. Why is Bernanke asking for the GAO to audit him and has been told they will "check their schedule"??????????????

[bluehorse888]

whats the update?? when does the fed audit actually occur?? I am extremely hopeful, but unfortunately somewhat pessimistic as I think the fed will find some "creative accounting" to explain all the "exotic financial instruments" etc, etc ETC.

[xadam2dudex]

they keep a double set of books and wouldn't show the real books

[callouschristian]

I read in the news that Bernanke was just imploring the GAO to go forward with it and was told "maybe".

[cataxpayer]

Ben Bernanke!

Time Magazines Person of the Year 2009.

LOL!!!!

[movement26]

Bernanke with his pathetic voice trembling regarding auditing the Fed.........."This will be highly destructive to the stability of the financial system"........You lying scumbag, you have been secretly handing out billions of taxpayer dollars to all your corrupt buddies. This has been going on since 1913 and the game is up.......It is about time a few banksters kept Mr Madoff company.

[jo3640]

Grayson is a jerk, hope he gets voted out along with the rest of the far left liberalsli

[captcrais101]

paul krugman should be sec of treasury

[ChristianColumbia]

@captcrais101 Paul Volker

[captcrais101]

ChristianColumbia, who is Paul Voker?

[ChristianColumbia]

@captcrais101 The only progressive on Obama's economic team. He supports breaking up too big to fail. Do yourself a favor and read Matt Taibbi's Rolling Stone article on Obama's Bank Sellout...Really good but upsetting stuff.

[TainaAtheist1]

Marry me, Mr. Grayson!

[soliloqy]

I agree in principle with what Grayson is saying, however in response to scholarships, is there anything more eugenic about it... You take money from everyone, poor, middle class, rich, college grads and non and give it to top achievers of all different backgrounds that would land on their feet anyone...

[nohealthcare62]

Thank you Rep Grayson I hope you run for President ? You will have everyone in the whole USA voting for you !

[restlys]

except the people who watch fox news...or who bought sarah palin's book.

[cataxpayer]

@nohealthcare62

not me!

[muaddib17]

I admire your courage. Keep telling it like it is the way you have continued so far. Much praise, from Canada!

[flyingfortress44]

Dear Rep. Grayson:

Thank you for taking-on this issue. The very survival of the United States as we know it hangs in the balance concerning the corruption as transacted through and by the Federal Reserve System. David and Goliath, Sir!

I sincerely thank you for taking a stand. I thank you for having the guts to tell it like it is. I thank you for bringing this to the public. My hopes and prayers for our country and for you, Sir. God Speed.

[atl881]

ya Beranke lets keep the Federal reserve, lets keep destroying the american dollar. The american dollar has weaken 90% since the federal reserve act was put in place

[agentj001]

Be carefull blaming a specific party. This is an issue that both Dems and Reps are guilty of keeping a blind eye to. We all need to unite against the banks. The enemy of my enemy is my friend.

[nosferotica1]

Hopefully Grayson becomes Libertarian after chillin with Paul long enough.

Strength in numbers!

[ranus69]

I doubt that

[nosferotica1]

Don't be a pessimist...

...

Even though you may be right. But how awesome would that be?

[jrccdhetlr1]

its not OUR money, its THEIR money....therein lies the problem.

[Peacetoyouandyours]

I liked how Rep. Grayson laid it on President Obamas' desk. The Dem Misleadership will surely try to destroy Rep. Grayson.

Peace.

[ranus69]

It was the Misleadship of the Republicans that surly destroyed America.

[Peacetoyouandyours]

If you want to go on believing in a false dialect, go right ahead. You have every right to help the Misleadership of both parties keep the rackets going. I'm Indy and in 2010 and 2012 the Democrats will not get my vote and support unless there is fundamental change. I put in a ton of time and effort & $ to get Obama elected as well as other Dems. Maybe the next few years will be what it takes to convince peeps like you. Stand by for a whole lot more suffering.

Peace.

[Peacetoyouandyours]

Bernankes' comment was a threat. Peace.

[patricknelson]

I like the tie. Reflects his personality: oustanding.

[dayvidiot]

good idea....bad tie

[brotherjupiter]

Burnankle warns the fed would become politicy biased if it surrendered any power to Congress but admits nothing of the gross take over of our fed by the financial industry.

Sickening!

[brotherjupiter]

Timmy Giethner was Alan Greenspans obedient trustworthy little New York Fed helping wall street play Americans for fools since 2003!

[1911arthur]

I wish everyone thought like this man. the world would be a much better, happier place.

[floridagrandpa]

For a view on the banking meltdown. politicallyhomeless. n*t/?p=283 , Substitute the * for an e . Democrats were also responsible for the present economic conditions. We need to throw out the bad apples , both republicans and democrats. Right now I am very angry that republicans are opposing reforming our health care abomination. Just as angry at the role the democrats played with the banking melt down.

[bdf2718]

What the fuck???

The Fed is unconstitional. Section 8 of the Constitution says: To coin Money, regulate the Value thereof, and of foreign

 Coin, and fix the Standard of Weights and Measures;

You can argue, perhaps, that Congress can delegate those powers but you cannot argue that Congress can surrender those powers.

Congress overseeing the Fed is long overdue, 96 years overdue.

[killergames187]

END THE FED!!!RON PAUL IS THE MAN!!!!

[soundmoneyfan]

great interview Grayson!

[dch3348]

I have a lot of respect for Grayson. Not many of his colleages in either party have his integrity.

[WhyMeWhySilver]

He's got BIG ONE'S LOL! I like that he's for the people and not his pocket!

[ABETRMAN]

Behind the curtain stands The WIZZARD OF OZ=Socialist GOVT. giving everyone a special gift.

Green=worthless paper currency

The yellow brick road=Gold

The original slippers=Silver

[RayAtheist]

why not?

i only failed because of calculus.....

don't i deserve a second chance? =(

[chrikac]

A progressive Democrat worried about an institution that is MARXIST and centrally plans credit. I'll be danged....either he isn't a progressive or he's pretty stupid.

[alfizzy711]

Socialism should benefit the poor not the incompetent rich.

[nosferotica1]

What's going on with the incompetent rich is communism, not socialism.

[Davetech23]

Typical rhetoric... shining light on the truth is a "takeover".

[bdf2718]

What the fuck???

Bernanke equates an audit to a takeover by Congress of monetary policy. What the fuck?????????

The Fed is unconstitutional. From section 8 of the Constitution: "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures". It can be argued that Congress can delegate those powers to the Fed, but only if Congress retains control. You cannot control effectively without oversight.

[ZKoftherebellion]

is it just me or is the voice out of sync for part of it?

[maxamojaxamo]

ITS JUST YOU (jk its like a second off)

[SherrieLeaLaird]

@ZKoftherebellion  this is the Japanese version

[ccm800]

there should be NO independence of the FED

[ccm800]

this is some country when we have to demand transparency. WTF?

[30percentplusreturns]

Hey Grayson, how about nodoby gets bailouts. You blame the bush administration and fail to explain that bush tried for years to regulate the mortgate market but was shot down by crony democrats, and you fail to say that 99% of dems voted for the banker bailout and 99% of republicans voted against it. There is a reason why the polls are shifting out of favor for the democrats and this is the reason. The American people arent stupid. They know clintonite Larry Summers is the problem.

[synth505]

Stop playing identity politics... both parties seek our demise. Thats why this country goes further down the tubes with each successive president despite party affiliation. The international bankers have bought our political system. The sooner you realize that, the better off you'll be.

[30percentplusreturns]

I dont play identity politics. I know both parties are frauds. Its why since 1999 all my savings have been in gold and silver. The fed must be audited yet fellow democrat Watt is trying to block it. The democrats are treasonous.

[cosmosgato]

It was side bets, credit default swaps, that killed us not mortgage.

It like blaming a 5 million dollar loose on a bet that someone lent $5 would pay you back a day later. He should have paid the 5 but the million dollar bet was just stupid.

[30percentplusreturns]

You say it was side bets but you fail to realize those side bets would of never taken place if it werent for fannie and freddie absorbing the bets. Who do you think purchased the mortgages after they were sliced and diced by brokerage houses??? Bush saw this and new it would be bad but barney frank blocked it. Whenever a govt subsidizes an industry, it collapses the industry. Fannie and freddie should of never been created. It creates a moral and risk hazard.

[cosmosgato]

It also would not have happen if we had a barter economy. The simple truth wealthy people screwed themselves and place their mistake on the public. But you don't want to hear that you prefer think that the entire world economy was nearly brought to its knees because a few poor people got a house e they couldn't afford. The entire subprime mortgage was like 500 billion. Again it was the trillions on GAMBLER that wrecked us.

[30percentplusreturns]

Gold will explode to 5k an ounce once the gold swaps are exposed. The fed is criminal and steals money from the american people.

[Kettle17]

OK I am a big supporter Mr. Grayson but these videos your staff are uploading the audio doesn't match the video.

The videos are almost unwatchable.

[ccm800]

your right - but I just listen

[fakenewz]

pass the bill already. It's been a year since we got ripped off and all anybody wants to do is talk about it.

[hellshade2]

and after the audit the fed needs to be held accountable and then closed down. let the goverment print our own money with out owing the fed up front....

[spaceboy537]

Alan Grayson... true patriot

[mathmexican4234]

lets throw these fuckers giving away our money in jail. Fuck em.

[RiseRobotRise1]

always refreshing to see a congressman actually fighting for the people

[bnelms22]

You voted for it you moron

[SherrieLeaLaird]

Grayson is amaaazing. The fact this man exists at all feels like there is a chance to turn this around. Audit the fed, fix the oceans, stop the chemtrails..put animals and earth first. Start being happy and in love with life.

P.S I said it before and I'll say it again...This man is hot and

I want him soooooooooooooooooooo bad..ooops did I say that out loud. Kthanxbai

[TillThenPlease]

Grayson you are amazing! It feels like watching a movie when watching your videos. You're attempting to overcome something so monumental! Bravo sir! Bravo!

[rockhuddy]

Grayson is dead on about corruption at the Fed, but why do the rest of his economic views have to be so bad? No bailouts for corporations, no stimulus for citizens- we need true, unfettered free markets like we had for the most part in this country until 1913. Ending the Fed and returning to sound money will be a monumental step in that direction.

[Keirnoth]

Should we audit the Fed?

OF COUUUUUUUUUUUUURSE.

[gigisandiego96]

Bernake is lying through his teeth! For 96 years the Federal Reserve has worked in secrecy. It was created in the same year the IRS was. The three presidents who have tried to stop them were all assassinated! They have destroyed America. We would be the richest nation in the world, with plenty of jobs and American businesses if the Fed had kept their greedy hands out of our pockets all these years.

[mkhovila]

Grayson says to give money only to the GOOD banks, not the BAD ones. Hey, why should we middle class taxpayers give money to ANY banks? Say no to corporate welfare!

[1958louief]

Give US the money!! The Banks could care less about about US......

[harvey101107]

I'm SO glad Grayson is back on the fight against the Fed! Go Grayson, go Ron Paul! Republican and Democrat HR's unite and pressure the Senate!

[Castaldo2010]

Way more people need to know about this!

[BMac7773]

What Bernanke is really saying, "If anyone knew what we were doing over here no one would want dollars anymore."

[beornborg]

Bernanke needs to be spanked

[sportsfreak488]

and knee'd

[SherrieLeaLaird]

@beornborg are you offering? heehee

[beornborg]

yes, I am willing to offer this at no charge

[SherrieLeaLaird]

@beornborg you do Bernanke and I'll do that hunky AG.

Double dates.

[beornborg]

deal

[deveousdevil]

Obama is just as much in the pockets of bankers as Bush was. republicans are arrogant assholes who let companies do whatever the hell they want (including rape) and democrats want the Fed to do w/e they want, i have some hope in Grayson, but we'll see....

[voyeurdug]

The Fed ~should~ have no problem with an audit. They ~should~ welcome it. At worst (or) at least, it would shut up Ron Paul.

[marniespeaks]

hero

[zacky89]

WTF. Bernanke was the same guy, who didnt know a shit.

he should shut the f up.

and do what Grayson says.

[theendofconfusion]

Go Grayson!

[defect530]

wall street got us in this huge mess and they are still making secrete transactions? when are people going to be jailed? REPLACE the corrupt with the imprisoned pot smokers!

[monkeypeopleofearth]

Tar and Feathers for all employed at The Federal Reserve!

GRAYSON KEEP IT UP !!!!!!!!!!!

[TheReasonWhyGuy]

0:00

God that guys ugly...

[ATMOOSEMAN95AND6]

Here here. Keep speaking the truth A.G. the people will follow common sense and truth!

[LazloDoe]

Let me see if I have this right. Grayson (a Democrat) is taking credit for ideas brought to the table by a Republican, and at the same time is bashing the Republican Party (which supports auditing the FED), when a significant portion of his own party (the Democrats) is against the proposal he's trying to promote.

Is this not making sense to anybody else? Wow do I have a headache.

[Aaberg123]

Admittedly, I haven't looked thoroughly into this, but I've yet to see support for this bill beyond Ron Paul (who's in the Republican party out of necessity), and blaming Grayson for being a better promoter of the bill seems a bit tacky.

Are you sure that the majority of the GOP supports this bill, as you imply?

[LazloDoe]

Republicans have been virtually unanimously supporting this for a few months now.

The Financial services committee passed this with a vote of 43-26.

Republican vote was 28 aye

Democrat vote was 15 aye and 26 nay

[myrelative]

ahem. there is not a single republican in the house that is NOT a COSPONSOR to this bill.

the democrats that have signed are largely due to grayson's effort though, but there are still 120 democrats not supporting this.

and important democrats, like barney frank, are trying to water it down. barney frank has voted for the watt amendment that was up against the grayson/paul amendment.

[b07rivera]

@LazloDoe

It's good Grayson is fighting against the Federal Reserve, but at the same time he is also supporting the Universal Health Care Bill, which will cost us billions of dollars. Unless this bill is able to somehow break these corrupted insurance & pharmaceutical companies.

[monkeyhateclown]

@b07rivera Two things: First, there IS no "Universal Health Care Bill, Second, the Public Option that the majority of the public want in the bill would not only make the insurance companies deal with legitimate competition, but it would REDUCE the deficit over the next 10 years.

[b07rivera]

Right, and why should I agree with you?

[kekemankek]

@b07rivera:

The bill going to the Senate is not Universal Health Care..it's the public option.

But if you want to talk $, universal, single-payer health care is actually more cost-effective than private for-profit insurance. Hence why US spends 16% of its GDP on health care while most industrialized countries spend 8-9%.

[them00nmaster]

Aaberg, every Republican in the HOR is co-sponsoring 1207.

[alizee2010]

Alan Grayson is an AMERICAN HERO! There are so fer, but he is one!

[jessie74]

Get ready Ben Bernanke, we're coming for you and........

We're FED up !!!!!

[solojam]

FUKYA BENDOVER BERNAKE!!

[kittycaMAL]

FANTASTIC WORK Grayson! Keep fighting the good fight.

[johnny718bravo]

Thank you Alan!!!

[desurgeon]

Ron Paul and Alan Grayson teaming up WONDER TWIN POWERS ACTIVATE!!!!!!!!!!!!!!!!!!!!!!­!

[ghostnoteus]

This guy is one of the good guys. Go get em Grayson!

[manonthemount]

I hope Floridians recognize what an asset and a patriot Grayson is and re-elect him. If this becomes the paradigm of the successful American politician, I will once again become optimistic about the future of this country

[RealLifeProduct]

He really represents the meaning of statesmen.

[RealLifeProduct]

I should say classical meaning of statesmen.

[bobble12221]

Funny thing is, if they awarded failing students scholarships, there would be a small chance of improvement. With bankers, rewarding failure can never help.

[RealLifeProduct]

The fed controls the market but the people must control the fed.

[jerrydoubleu]

i luv Grayson.

[callouschristian]

OMG....We've seen Bernanke lying so much this past year-always at the hands of Grayson. The threats that come out of these desperate men's mouths. Telling the owners of the money that they are breaking the law by looking into his potential theft of the American Treasury!! Wow....Unprecedented.

[BigMrFirebird]

Sic 'em, Grayson!