The Chairman Part 2

[marinello6]

GOOD GRADES DO NOT MEAN "THE SMARTEST KID!" THEY MEAN HIGH ACADEMIC GRADES DUE TO MEMORIZATION!

[ImNotVoting4RonPaul]

This guy has so much more intelligence than Ron Paul its astounding.

End of story.

[GodzillaEsquire]

He seems like such a sad, sad man. Fuckin Jew.

[RyanSet]

it is obviously infuriating to see banks get bailed out and then give their top execs bonuses but we really had no other option. The fed allowed lehman to failed and that cause a catacylism. Imagine if citi, bank of america and AIG failed.... while it would have made consumers happy to point to finger and say told you so, our economic system as we know it would have grinded to a halt....

[btdarcy911]

Is CBS is running a PR campaign for the Fed?

[andyt338]

Yes, the fed essentially increased the money supply in order to save financial institutions. Yes, those institutions pay hefty bonuses to their executives. And yes, many of those executives made risky bets that didn't work out. But why didn't those bets work out? Maybe it's because they overestimated the borrower's ability to pay back the money they lent. Furthermore, I would have loved to read the comments on this video had the fed not artificially increased bank's accounts. Pick your poison.

[crabtrap]

@andyt338 so lets platy "pick your poison" how about if we didn't have a PRIVATE bank(the fed) in control of our currancy?? And how about if our currancy was tried to gold/silver?? then my dollar would still be a dollar ands not 4 cents. you have no idea of the damage this printing is causing and will cause for many decades through hyper-inflation

[Gang5t3r916]

Propaganda, Ben Bernanke studied the Great Depression so of course he knows how to get us out of our current problems (sarcasm x100)

[TheBlue128]

buy silver

[tukky78]

It seems like all of those criticizing the steps taken by the fed, have the complete grasp, understanding and insight to do this job much better.

Allowing more large banks fail would have sent us into another depression and the end of the US in this new global economy.We avoided this fate.The fed is now fighting fire with fire...buying us another day. I rather live another day to correct my mistakes than die a fool. Our collective greed & comfort, led us here. We must wake up in the next round.

[LivingAboveCloud9]

He has just confirmed all of my previous beliefs about him and the FED. They lie, this is BS! I hope his intent was not to win over any Americans to his scam.

[gasdorf]

Ben going to turn america into zimbabwe.......Hyperinflation this never going to work been tried before .

[gasdorf]

Propaganda, pure propaganda.

you can't print your way out of bad loans the banks gave...letting all those china goods into the country....they let companys outsource american jobs....they loaned money from china ..

.buy silver crash jp morgan

[fastdunn]

The thing is economics is not a science. He has a theory but it never really was tested just like all the theory in economics.

[xtremejumpropr]

@fastdunn economics is a science, its not a perfect or pure natural science, but it matters nonetheless-and comparing it to chemistry/biology/physics or any natural science is just stupid. Economics is the science for the global marketplace, it allows students to attend classes, the unemployed to receive benefits, and science and development to take place through grants and funding. Don't downplay something because you have no idea what your talking about.

[WowzaGuy]

@xtremejumpropr It's based on math, but it's not a science. You're fooled into thinking it's a science because it uses nice models with underlying probabilities that seem to capture reality. The models seem to work... and then they just stop working. Those points are usually financial catastrophes. Importantly, "science" has predictive capabilities rooted in math; economics is just descriptive art rooted in math that has, at the most important junctures, failed to predict anything.

[88888FORCE]

Bernanke on 60 Minutes: part-2

Doesn't rule out QE3

Dec-03-2010---Fed Chair Ben

Bernanke,NEW YORK --Bernanke Doesn't Rule Out QE Exceeding $600 BillionBernanke Won't Rule Out 'QE3'

GOVERNMENT MORTGAGE RELIEF

1-858-366-4777

1-800-270-2928

[bstvideos1]

This man is a genius. I see many people saying how much of an idiot this man is because of the recession. But if one is smart and researches before they talk will see that this man raised U.S economy by from 12.3 trillion in 2005 when he came in to 14.3 trillion in 2010. I don't see anyone giving him credit for raising the economy. You people don't know anything please before you talk research and ponder what you will comment.

[lavixl]

@iracarroll1

You mean before the great depression?

[crabtrap]

@iracarroll1 the fed was created in 1913. the great depression was in the late 20's.please get a clue

[special1740]

I like how CBS likes to show dollar bills, not the electronic entries...

Propaganda, pure propaganda.

[sonoflife74]

greed is what ruins economy

[somefo0]

Regarding his last statement to us: "our economy is the most productive." Really? Most things in my house is made in China.

[1100tech]

we are not afraid Mr Bernanke WE ARE PIZZ'D!

[1100tech]

you need to be much more transparent like DISAPPEAR!

[thomdd1959]

I want to know the truth now! Who helped Ben Bernanke embezzle our money? Who is Involved and how many? How long has this been going on for? Where is our money? How do we get it back? The Nations four largest banks Citibank, J P Morgan, Wells Fargo, and Bank of America are owned by the same thieves that own The Fed Scam! Wake Up America! We are being sacked and looted NOW! They are moving OUR money to the IMF!

[beancube2008]

Tycoons want Asian paying our debts. Asians have options to come here to pay what we owe them; otherwise, we'll keep ordering things as much as we could until they complain. Tycoons gamble they recognize it very late so our bankruptcy would equivalent theirs. Money and receipts are just abstracts. US builds nothing, they still need to buy things they don't need from tycoons for the sake of capitals and widen the gap between poor and rich both in China and US.

[beancube2008]

He is just one of the hacker of the financial system. He cares nothing about small systems on the bottom layers of the system. He doesn't seem to understand anything about diversity and safety of majority of living human beings. Doors are just decorations, inconveniences and setbacks for other people are just absurdity to him.

[orionsg8]

I love it: "what would you say to those bankers?"

"'Make loans to CREDIT WORTHY borrowers. Wake up call: if you're unemployed, you're not credit worthy!

Nice. Thanks Ben.

[mossbergmaniac1947]

LOL Pure Propaganda

[kroznot]

they should have let max keiser interview him. then we could have seen his reaction to the questions that actually matter. this is a lame pr piece aimed at pacifying the masses. the guy is a stooge at best, but that is being nice. he is more likely a ruthless criminal.  bernake is scum.

[SeanP7195]

I can't even watch this. This is a slap in the face to try to sell his to the American people right now. Please contact your representative and demand thy vote for 1207.

This idiot, ohh the system had issues..ohh really, yeah, once the economy sank the scams became apparent. Tar and feather these greedy monsters.

[cardiel4]

Ben says it the market knew what happen in that room ''well it would create a lot of volatility and problems in the market?"

really? i wonder why?

[friendlyjun]

because speculators would buy ton of treasuries if they think the fed is going to lower rates, and sell tons of it if they think fed's gonna make them higher

[tlfettled]

He looked like he saw a ghost when he answered the questioned about the economy recovering. Not a good responce from the facial exspression he made.

[Jev6000]

Thank God & God Bless the USA for Chairman Bernanke. Any reasonable shot we have at getting through this severe recession somewhat sooner than later is & will be very much because him given the unprecedented adjustments & complexities we face. Many of the mindless comments below & lack of understanding is OK given the aforementioned complexities that Chairman Bernanke & WE all have to face TOGETHER! But many of the messages below if serious?? *LEAVES 1 SIMPLE ? WHO's SIDE ARE SOME OF YOU ON?

[MIT2004]

YOUR A DUMBASS

[Jev6000]

YOU'RE (NOT "YOUR") & DUMB-ASS or DUMB ASS (NOT "DUMBASS") completes the English you tried to use in your profound & complex three word sentence. You did spell the noun marker "A" correctly though so good job kid. Let me know when you reach a 3rd grade reading and writing level! THANK YOU for providing me & the majority of thinking people that are rooting for the recovery of the U.S.A. with such an eloquent example & case in point for the ignorant spewers of hate that stand for nothing like you.

[Cockknocker99]

*You're* Lololol

Apparently YOU'RE a dumb ass.

[benzaintarental]

Read the damn Constitution and what the founding fathers say about a centralized bank. Read up on Keynesian economic theory and see how this recession is inevitable, and how Bernanke is making the bubble bigger...

[dynamiccity]

and how is that ?

[importsstillsuck]

Have you considered contacting your representive urging him/her to support HR1207? Or considered contacting your senator to support S.604?

[friendlyjun]

I'm glad there's at least one person who is willing to support the fed chairman. All those politicians tend to give in to populist demands instead of trying to do the right thing

[poonhounds2]

but it operates like an arm of the government, working with the treasury department to artificially set interest rates for policy reasons.

[runningoil]

Ben Bernanke makes me sick.

How can someone just so plainly lie through their teeth like that? He knows very well that he is completely fucking the American people over. Like the commenter below me says - tell your congressman to co-sponsor H.R. 1207, the Federal Reserve Transparency Act of 2009!!

We need everyone's help. The audit is the first step towards abolishing the unconstitutional federal reserve all together!! =) Peace & Liberty

[ConstitutionSupportr]

H.R. 1207

Audit the Federal Reserve!

Contact your representatives!

[ezprezzo44]

you are probably one of those retards who actually believe those conspiracy films.

[WSOR4025]

B.S. helicopter Ben wants the FED to be more transperent. Call your congressman and senators and tell them to support H.R. 1207. This will force Ben to open up about all his helicopter drops.

[phillypa88]

This guy is scum. Down with the Federal Reserve, Down with the New World Order, and down with the Corruption these bastards have pulling for almost 90 years!

[pawelmiami]

one word: propaganda

[metalyou]

F%$#K YOUUUUUUUUUU

[garyowen4ever]

where is don hewitt??? this VALENTINE OF MARSHMALLOW FLUFF from cbs 60 minutes to ben bermonkey and those mischief making marx brothers, abbot and costello, and the stooges collectively known as the FOMC ie. the FED is the most disturbing piece of work ive seen out of 60 minutes since it began, BECAUSE IT ASSUMES THAT THE AMERCAN PUBLIC IS SO IGNORANT, NAIEVE, GULLIBLE AND BRAINDEAD it will believe this nonsense.