Bernanke Speaks
Fed Chairman Ben Bernanke delivered his testimony today to the Senate Banking Committee (it's actually still going on as I type this).
Big Ben was monotone and boring once again in his opening remarks as he stuck to a script that was similar to prior commentary from the Fed. But the Q&A session that is going on is certainly entertaining.
NY Senator Charles Schumer was particularly interesting in his dialogue with Bernanke. For those that didn't see it, Schumer basically said that Congress is not going to get anything done because they can't agree on anything (alluding to contention related to the upcoming elections) and that the Fed is "the only game in town" to take some action to spur the slumping US economy. His candor about Congress was actually funny to me.
If anyone else watched it, share some thoughts.
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"Always bear in mind that your own resolution to success is more important than any other one thing." - Abraham Lincoln
"The heights by great men reached and kept, were not obtained by sudden flight. But they, while their companions slept, were toiling upward in the night." - Longfellow
"If the life you have created
Is founded on jealousy and hatred...
It's too late to ask questions
For you're much too old to take any suggestions"
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