The Chairman Part 1





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Published on Mar 15, 2009

In a rare interview with a sitting Federal Reserve chairman the first in 20 years Ben Bernanke tells Scott Pelley what went wrong with America's financial system.

Comments • 184

Move to the @8:00 mark and you'll hear how money is created (in a nutshell).
Lucky Lui
He laid it out, plain and simple, but how many really got it? As the onion layers come off I am beginning to think he is fairly honest but had harsh political pressure to frame what he says combined with the fact that the great majority of people don't understand (even most of those that think they do) or can't believe how things really work. Still learning myself so the jury is still out on Ben from my perspective.
Although the economy still remains very fragile, things would have been much worse without those bailouts. Ben Bernanke averted a crisis more severe than the great depression. He did his job and did it well in spite of vitriolic rhetoric from both politicians and the public.
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30 Seven
+Daedalus It's both a joke and an (attempt at) an argument. You can hide behind your excuse, but you're a monster. Your soul is black - and the only reason why you aren't a mass murderer is because you don't think you can get away with it. Humans don't make jokes like that to perfect strangers - and not during discussions of extremely serious topics.
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Steve Davenport
This man saved our economy....he deserves the Nobel Prize
Carlo Alberto
Letting the banks fail will be painful but it's necessary.
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Shaun Sterling
Exactly...This time around we got it half right. Needed some tax relief and other things to better bolster the Economy once we got out of the initial crisis, but at least we didn't immediately pull back fiscally like the 1930s which made it worse, plus letting many banks fail...
Carlo Alberto
+Charlie Ocasek doubt it, they would not allow people to remove their money from the banks like what happened after the housing market crash.
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Catherine Teresa
What a softball news piece on a dodgy skirter of the truth. I expected a more hard hitting interview from CBS News.
Freddy Krueger
You can't expect that.  The parent company that owns CBS itself got a bailout along with its share holders.  So much for "freedom of the press".
notice how he hasn't lied at all, despite not being honest about anything.
Troll God
Fucking criminal.
The Public Warner
His voice makes him sound nervous to me...
That's a nice beard.
Poor performance Benny. Someone must have forgotten to change your batteries before sending you in.
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