FORECLOSURES & THE ECONOMY: Fed Chief Bernanke's Testimony

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Uploaded by on Sep 20, 2007

Video from:

House Financial Services Committee - September 20, 2007

Full committee hearing on "legislative and regulatory options for minimizing
and mitigating mortgage foreclosures." Witnesses included Henry Paulson, Secretary of the Treasury; Alphonso Jackson, Secretary of Housing and Urban
Development; and Ben Bernanke, Chairman, Board of Governors of the Federal Reserve System.

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News & Politics

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Standard YouTube License

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  • Interesting that this man reads from notes when

    responding to Mr.Paul speaking from the heart,

    and he's supposed to be the financial expert.

    The look on Mr. Bernake's face when challenged by Ron Paul is amusing.

    Good luck America! This man has more power than your President!

  • The Feds are bailing out these companies but how do the Feds get the money? From our tax dollars!! So some hardworking man & woman will lose their home a we r bailing out the company that caused this problem!! How dumb!!! The ceo's and cfo's of these companies should be held accountable!! The money should be used to save the homeowner!! Not this scam artist and his/her company!!! We are getting dumber as a nation!! We act as if we have to take this!! Contact your Congress person!!!!

  • I love Bernanke's non-answer when interrogated by Ron Paul over why the dollar is being devalued greatly by rampant inflation.

  • I am a Republican and a proud member of the vast right wing. But I do have to admit that his comments here on this video I totally agree with and he is right. This nation, because of the lending practices and debt of the average American consumer is out of control. The Federal Reserve is fraud organization and I think the middle class is being slammed by both sides of the isle.

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