On November 18, 2008 the Financial Services Committee held an oversight hearing on the implementation of the Emergency Economic Stabilization Act of 2008 (which created the Troubled Asset Relief Program (TARP) program) and related initiatives taken by the Federal Reserve Bank and the FDIC in response to the turmoil in domestic and global financial markets. Testifying were Secretary Paulson, Fed Chairman Bernanke, and FDIC Chairwoman Bair.
Watch the full archived hearing here:
http://www.house.gov/apps/list/hearing/financialsvcs_dem/hr111808.shtml
watt is a rat, please make sure he doesn't keep his job in 2010!
mathers3000 2 years ago
Paulson, learn to speak sir. "The important step to take was the step we took to take a step so we can take a step" ....
sir, fuck you, sir.
TheJMeasles 2 years ago
Fractional Reserve FIAT madness!!!!!!!
qantmrckr 3 years ago
HAAAA, I knew it. Finally I heard the UNnesessary word "basiclly" spewed by Mr. Watts, another useless politician. lol. And did I also hear situation, and, You know ? lol. What's wrong with America ? It's the politicians!
CommonSpecies 3 years ago
this is so entertaining that it can't be a good thing
osiris33 3 years ago