Senator Bernie Sanders: ‘Bernanke is Part of the Problem’
2009-12-05 0:00

From: WallStreetPit.com

Sen. Bernie Sanders, who has been a constant critic of the fed, and of Bernanke, said on Dylan Ratigan’s show he will vote against the reconfirmation of Federal Reserve Chairman Ben Bernanke.

During the interview Sen. Sanders slams the Fed Chief saying it is unacceptable that the central bank risks taxpayer money without detailing where the funds go. Sanders recalls his testy exchange at a hearing before the Senate Budget Committee back in March with the Fed Chairman where he pressed Bernanke to name the firms that borrowed from the Fed, the central bank chairman replied, ‘No, I won’t tell you’.

“If the taxpayers of this country have spent $700 billion bailing out Wall Street because they are too big to fail” said Sander, “why is it that 3 out of the 4 largest financial institutions today are bigger than they were before the bailout. Why is it okay that 4 large financial institutions write half the mortgages, two thirds of the credit cards in this country and control 40% of the deposits. The bottom line to me is that the middle class in this country is collapsing…we have seen this trend downward for many many years. We need a new direction.”



Article from: WallStreetPit.com



Related Articles
Bernanke Warns Congress Not to Limit the Central Bank’s Independence
The All Powerful Federal Reserve (Part I)
Fed Asks Congress For More Regulatory Powers
Federal Reserve loses suit demanding transparency
Controlling the Global Economy: Bilderberg, the Trilateral Commission and the Federal Reserve
Gallup Poll: Americans Turning Against Federal Reserve
Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’
The Federal Reserve is Bankrupt
Senator Sanders: It's Still a Recession, Stupid (Video)
Geithner: Auditing the Fed is a "line that we don't want to cross" (Video)
Senate sets hearing on Bernanke's renomination


Latest News from our Front Page

The Josh Duggar Incident Reveals The Tactics And Hypocrisy of SJWs
2015-05-30 1:46
Last week, In Touch Weekly broke the news that Josh Duggar, eldest son of Jim Bob and Michelle Duggar from TLC’s 19 Kids and Counting, had molested five under-aged girls in 2002 and 2003. Josh, who was 14 at the time, was accused of fondling his victims, touching their breasts and genitals while they slept. A police report was released shortly ...
15 More Men of South Asian Descent Charged With Child Sex Offences
2015-05-30 0:42
Police in Keighley, West Yorkshire have charged 14 men and a 16-year-old boy with sex offences including the rape of a girl under the age of 16. The offences relate primarily to one female victim, with one allegation involving a second who was also under 16 at the time. The offences are alleged to have occurred between 2011 and 2012. In ...
Anti-Semitic fliers left on Chevy Chase driveways
2015-05-29 22:45
Five streets in Chevy Chase, Md., were papered with anti-Semitic fliers on Wednesday morning. Montgomery County police are looking for the person or people who left the hate-filled leaflets on almost every driveway on the streets. “This is very disturbing. My community is definitely disturbed,” said Jean Sperling, the village manager of Martin’s Additions, the community where the fliers were found. Sperling ...
German court says ex-SS officer unfit for trial
2015-05-29 22:32
Prosecutors in the northern German city of Hamburg have dropped their probe into a 93-year-old former Nazi SS officer. Gerhard Sommer, who suffers from dementia, allegedly took part in a World War II massacre in Italy. Gerhard Sommer, a former company commander of a mechanized infantry division, had been accused of participating in the mass murder of 560 civilians by Nazi ...
The Age of Disinformation
2015-05-29 21:56
I have been a professional meteorologist for 36 years. Since my debut on television in 1979, I have been an eyewitness to the many changes in technology, society, and how we communicate. I am one who embraces change, and celebrates the higher quality of life we enjoy now thanks to this progress. But, at the same time, I realize the instant ...
More News »