Rep. Manzullo Unleashes Wrath Over AIG

[matgoolys]

And Time Magazine gave him Person of the Year award; one fucked up world

[TheSnoopRob]

Manzullo, what are you talking about?! Way to represent us... Keep up the good work.

[levinedr]

It is so sad to have to watch brilliant minds have to submit to reasonable, targeted questions posed on behalf on ordinary human beings. Don talks sense, Ben and Tim smirk and roll their eyes at the audacity of being asked to be accountable.

[alexn159]

"because your question is poorly worded"

best bernanke line ever

do you see him smirk and bite his lip after he says "if we hadnt done that they woulda lost 70%"? lying through his teeth, literally.

[inqstvcat]

That is the risk that you face when you call yourself a "KnowItAll". Reminds me about the old addage: "The more you know, the more you know, that you don't know." Therefore, a "Know it all", knows nothing. Read before acting, know it all.

[jarcher6666]

It really makes me angry when numbnut congressman playing lawyer with "Yes or No" trap.

Only simple mind would ask such retardedly "simple question" (verbatim Manzullo). They think of this session like some fuckin theater for public. Which is why he stuttered after Ben replied "cuz it's a poorly posed question"

Any voters in his district, please get this shithead out of the office.

[Subway0001]

dumb fucking inbread trailer trash, take that dick out of you mouth so you can see your screen better, did i say the dirt ball democrats didn't allow it? no. did i say anything about the obama administration not authorizing it? no. did i offer an excuse of any kind for the demo-rats? did i, dumb shit? no jack ass, i didn't. i said that this fucking panzy ass only has a big fucking mouth now because he's about to get outted, and never piped up when all this shit started. LEARN TO READ. lol

[4u2b1ib12]

Rep. Manzullo asks for a simple yes or no.

The men asked start with something else.

When Rep. Manzullo and other elected officials

are asked for a simple yes or no, will they answer

yes or no?

[42swingline42]

Crime does not pay as well as politics

[brockal]

I LOOK FORWARD TO THE JURY CONVICTIONS!

WE'RE GOING TO HANG THESE STUPID FUCKS!

ONLY DEATH IS A SENTENCE DESERVING OF TREASON, and I have little doubt that a jury is going to find all these fucks- especially that stupid fat fuck- Frank, the NEW WORLD ORDER patsy fuck Bernake, and many of those "elected" to office.

FOR THE CONSTITUTION!

DEATH TO THE NEW WORLD ORDER!

[MichaelbrownSUD]

This is the problem with the bailout and when the government steps in and interrupts capitalism. Who get's bailed out and who doesn't? Kind of makes you want to transfer over to a bank that is doing bad, because the government will take care of it.

[tra12345iscool]

but why is Rep. Manzullo yelling at Geithner and Bernanke? yeah americans are mad, not at those two, but at AIG. they prevented us from losing 70% instead of 40-50%.

FUCK AIG, not Geithner and Bernanke.

[tra12345iscool]

I mean its all cuz of AIG that we are in this Economic mess. i say since we the american people own nearly all of AIG, we force them to sell the polices and what not to other companies and then let AIG run dry.

[crrlm8]

"It's all because of A.I.G.?" as MichaelbrownSud said the answer as to why he is yelling at Geithner and Bernanke is because they are the architects of the bail out. I had two conventional approvals yet I didn't use them because I knew I could not afford what I wanted. I've been laid off recently and I'm in a two year lease paying $1350 for rent. I'd like to recalc my monthly payment to $600 until I get on my feet. You think they'd sign off on that? Who decides? Who wins the lottery? Who's left?

[tr33887]

So the employees of A.I.G get 100% of their retirement while the average American get's something below that?....Tough call...I do agree with you that the corruption in D.C. is a known fact. Geithner cheated on his taxes and got away with it....It does make me wonder about the two of them. These are the times we live in. Some make out some don't...maybe it depends on who you know. It's Geithner's prior relationships that does make you think. We could not let A.I.G sink...

[crrlm8]

I hope Obama is keeping very very very close tabs on both Geithner and Bernanke. I would hate to have this blow-up in our collective face. We can only hope the people making these decisions aren't corrupt as well. Meanwhile the economy moves on.....and some of us need a bigger shovel.....

[cloudroll]

this guy's a moron

[yenshee]

In three days, I've watched three videos of idiotic and poorly informed congressmen and women (Bachmann, Waters, and now Manzullo) grandstanding and asking bizarre and incoherent questions of Bernanke and Geithner. There's an urgent need for real oversight and informed, intelligent contributions from Congress in this financial mess, and it makes me despair to see the quality of people in charge of this duty.

[psykosochul]

END THE FUCKING FED

[Subway0001]

nice that this little bitch has something to say now, but nothing over the last 8 years, if he was too busy sucking off the closet homo repuplicans he had two years while the demoRats had control to say something and still nothing. fuck him, he's just grandstanding because he's goining to be out of a job soon for running the state into the ground.

[Lazlo7321]

We need to fight for the AIG employees to keep their Bonuses....There are a lot of underlining principles violated if we force them in any way to give the money back.

[bdazzzle]

what the fuckk are you talking about you dumb fuck...the company would ahve completely fell and no one would ahve gotten shit if the market was to run its course...jesus christ i hate retarded fucking assholes like u

[txman437]

Nothing about these hearings do any good. It's all grandstanding and posturing for the cameras. These senators and congressmen have no clue what they are talking about. They read what some aide wrote for them to sound good and to look like they are outraged about a situation. It's all crap.

[sw8741]

i for one am tired of the commitee game. only fools and people ignorant of economics fall for this type of rubish! this is pure political theater! congress and treasury approved the bonus'. then when they take them....they say "ah ha!! your ripping off the tax payer!" this is all a game by obama and the far left. while obama/democrats steal/spends trillions in plain sight congress puts on a dog and pony to show about how "evil" AIG/Wall Street is. its the 'ol illusionist trick!

[chrisavrillee]

I don't usually comment at all on youtube, but this video makes me really upset. I don't follow the news that much, but even I know how this works. If you had not bailed out AIG, things would've been even more catastrophic. The reason for this is because without AIG in business, who is going to account for the investments of the regular americans like you and me who put our money with them? He totally misinterpreted the 70% bernanke was talking about. idiot.

i'm not a democrat or republican btw

[sakibt]

Bernanke is the best and smartest person in the world.

[leotracer]

bernanke is right ... this guy was grand standing.. doesn't offer an answer or solution

[Mika20]

These dumbasses either don't know how to fully explain themselves or just rather talk and not answer period.

Someone tell me what happens if AIG completely shuts down and if all CEO's got fired?

Will that help stimulate the economy by getting rid of greed? If so, please do!

[endoexo]

The entire reason the economy is in a slump is because AIG (and pork barrel attachments) was bailed out with a ridiculous amount of taxpayer money, plain and simple.

The people who were bailed out (not even 1% of the total population) have a safe and secure future, while the rest of America is fucked.

[putittogether]

Simple math for dumb Americans:

Middle class working person's taxes in America:

23% Federal income tax

8% State income Tax

7.5% Social Security

7.5% Sales tax

6% Misc.

TOTAL 52%

Please note: Many hidden taxes were left out, and the real number is much higher, but to horrifying for your small minds to comprehend.

[putittogether]

57 Trillion Dollars in debt. FIFTY SEVEN TRILLION DOLLARS. Who is kidding who here? Really? We produce almost nothing, 66% of our economy depends on us spending loaned money!! We can only print more money if someone is stupid enough to buy it. But as the world is quickly learning, that is a horrible buy. In a word you are...fucked.

FIFTY SEVEN TRILLION DOLLARS !!!

Keep voting for the same two assholes (democrat or republican) and this is what you get. People are sheep.

[sirhung]

Congress pointing fingers again. Just admit it, you old fucks screwed up since 2004-2008 now you need someone to blame.

[gallonjug]

AIG insured credit default swaps on mortgage backed securities.

If this congressman doesn't understand this by now, he needs to give his salary back to the american taxpayers and go home.

[djisii]

btw Manzullo's first question is different from the second one he asked after Dudley was done explaining.

[jaydubstud14]

bernanke owned him

[whitecollarcriminal]

Bernake is a PIMP.

He even told Ron Paul to SHUT THE FUCK UP.

watch?v=QdJmpdo1ZlY

[tbhull]

I think this congressman was trying to say the feds used AIG to stabilize federal pension obligations and the assets held by the same.

Anyother way to say this is that Congress approved AIG's bailout knowing AIG insured their pensions against loss.

If in fact federal and Congressional pensions were stabilized with AIG bailout money while others in non-goverment 401ks and IRAs lost 50% or so since September tthen this is explosive.

[flang]

"If in fact federal and Congressional pensions were stabilized with AIG bailout money while others in non-goverment 401ks and IRAs lost 50% or so since September tthen this is explosive." They weren't, this congressman is just an idiot.

[bently42]

Why oh why is Manzullo's question retarded? Pretty big fail, I have to say. *Sigh*

[djisii]

it just phony outrage about nothing,it wasn't even a question he was mainly trying to put forward his statement which he too worded badly

[ahereticiam]

What a dumbass. I would bet Manzullo doesn't even really understand what a 401(K) is, much less how one works or what they invest in. He got the answer to his question (that the insurance was on the STABLE VALUE fund). He's clueless and Illinois should be ashamed of electing this dolt.

[supraboytt]

lol manzullo is so clueless

[banjokuzi]

politicians are hypocrites

[Dergfight]

MANZULLO: Explain money. BERNANKE: Well you have to consider the uhh caveats MANZULLO: WHY CANT I GET A YES OR NO ANSWER HERE? EVERYONE IS POOR.

[jethrostulls]

At least Manzull voted NO on that bailout twice. He's 1000x better then most of the Jackals and Hyenas running our country.

[Bunglbeez]

Impeding a recovery?

That's just too funny!

Our Congress didn't bother to read the shit that THEY signed, and WE, THE PEOPLE are stuck with their ferk up, period.

[lakerdave]

Yes and No A small portion of that bailout went to Americans who had lost their retirement savings.

The vast majority of it went to Banks in Europe.

1. The 100 Billion plus Bailout for AIG which was given WITHOUT the consent of the American people and in VIOLATION of the US Constitution is a small drop in the bucket of the TRILLIONS of Dollars the Federal Reserve

2. Anything Bernanke says is a poorly posed statement that he or some else from the Rich Banks in Europe write for him to say.

[wwickeddogg]

The answer to his question is: No, the bailout money was not given to AIG only for the purpose of protecting the retirement of individuals who purchased insurance from AIG.

[jjrglobal]

Rep Manzullo is an idiot. He has no clue whats going on or why and proves this every time he opens his cocksucker. Our congress is impeding a recovery and most are too stupid to realize it