Manzullo Questions Fed Chairman Bernanke on Housing Crisis

[aviomaster]

Federal Reserve inflated housing prices ...

by Low interest rates ...

Federal Reserve is behind housing crisis ....

[twisted45]

Zeitgeist - The Movie： Federal Reserve (Part 1 of 5).mp4

/watch?v=_dmPchuXIXQ

wake up

[MacPr0xnxx0]

ben go burn in hell

[jpschubbs]

Ben Bernanke is a crook.

[12anotherguy]

Bernanke is a goddamn weasel and liar...He should be rotting in jail....

END THE FED.......

[12anotherguy]

In jail with Barneys Frank,,he is the one wanting the same thing he did with the housing..for condos now,,banks to be relaxed on their standards....

[65fredy]

If you borow the money ,from the bank and you dont pay back with the huge interest ,they fckg take you to the court for fraud and you spent you live in prison.SOOO WHAT WE PEOPLE AND THE (GOVERMANT)WAITING FOR WITH THIS GUYS !!!END OF THE GAME!!!

[65fredy]

He is just the whitehorse for Rockeffeler,Rothschild and other real crooks behind scenario.Take the control of printing money from this guys,NOW IS THE TIME!!!!!!!!

[vladito10]

ben deserve a nice shiny bullet in that nice shiny bald head of his

[Dewdaahman]

the FED Head is your enemy.. The FED is your enemy and those who let the FED continue to rob and steal from us is your enemy..

[vladito10]

u try to get rid of the fed like JFK and u end up with a huge bullet in ur head. thats the great democracy we live in

[alanhowitzer]

5:28 Frank: "uahahah um um burb! You um cant ask questions after 5 the min rule. Someone get me another drink..."

[qtwoot]

You go, Manzullo! Hold all their feet 2 the fire. If we could get back to basic common sense in DC, this country would be better off.

Social empathy is honorable, but until we look at the big picture, & wide ranging consequences of these actions, we are screwed, IMO.

Too bad we can't have a Congress of 50% regular basic citizens to balance the other 50% ignorant, power hungry politicians. I've heard more common sense from the man on the street than I've heard from D.C. lately.

[dave1dcs]

4/30/2009: Manzullo voted NO on HR 627 calling for Credit Card Reform. What a hero for the the banks he claims to be fighting! This guy need to GO and will go in 2010

[bunnerabb]

"Wealth? We stole that. Here's some crap bank notes."

Guillotine time.

[bs2137]

Ugh, Barney "I'm a crook too" Frank interrupts at the end. Well done congressman!

[LightonaHill]

GET RID OF THE FED NOW!!!!

[adams1171]

He is absolutely right, but these common sense rules are in direct opposition to the Community Reinvestment Act. The CRA started by Jimmy Carter and then put on steroids by Bill Clinton because of pressure from ACORN, forced banks to provide a certain percentage of loans to inner city applicants, qualified or not. Most Banks sold these loans, passing this risk along to Fannie Mae or Freddie Mac, but some such as CITI absorbed the risk. The CRA may need to be rewritten to allow for these rules.

[klspeed27]

Any company that receives government (taxpayer) bailout money needs to forgo any and all bonuses, stock options as well as any other "perks" as part of their pay packages be they past, present, or future. Only when all monies have been repaid to the government (taxpayers) should those companies be considered as fully solvent and from that point forward should bonuses, stock options and other "perks" be considered as part of any pay package.

[MACKATTACK1970]

Thank god for some common sense, unfortunately your common sense approach will not be followed by our crooked government, our crooked Fed, Crooked Banks, Crooked Wall Street, etc.

[laurasIs2c]

Can you please let us know how you plan to follow up on bringing the people who falsely applied their expertise to the public . Many people were sold loans being told they could refinance later, before any odd instruments applied and so on. Anyway its clear that if the lender was going to be paid based on the loan amount and then not be responsible for th validity of the information, in fact many of the loan officers told lenders to lie. What are you doing now to bring justice to such lenders

[dcrappell]

You're thinking is one of the biggest problems. Someone made a mistake, and now they expect the government (TAXPAYERS) to bail them out? Sorry you or someone you know was lied to, however that's NOT my problem! When someone was told they would be able to refinance, it was based on the belief that everything would continue as it were. The person signing that loan was gambling, and they lost. Since when is the government (TAXPAYER) responsible to cover gambling losses? Cry me a river!