Ron Paul on TV now!!

[Jason726]

The fed hearing, GO , GO, GO, Go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[sheepledog]

They misspelled his name 'Ron Pauk'

 

[angelatc]

what channel???

 

[Jason726]

He is kicking ass, !!!!!!!!!!! woot, his best bernanke grilling yet!!!!!!!!

 

[Bruno]

He's kicking economic ass.
http://www.cnn.com/video/live/live.html?stream=stream1

 

[Jason726]

I'm watching fox business, Im sure all the msm is covering this.

 

[angelatc]

Found it - CNBC

CSPAN doesn't have it?

 

[Jason726]

Man, he frinkin curb stomped him, I'm feeling gittty....

 

[Jason726]

He just stopped speaking. I'm sure it will be on youtube in an hour or so. Post youtube ASAP if anyone finds it.

 

[angelatc]

Man, he frinkin curb stomped him, I'm feeling gittty....

A financial system designed by government lawyers shouldn't be too hard to pick apart.

But never fear, Ted Kennedy will save us all.

 

[Jason726]

Was it not showing on cnn, FOX, msnbc?

 

[angelatc]

I don't watch Fox. It wasn't on C-Span which is where I expected to find it.

God I hate Democrats.

 

[DAFTEK]

It's on Bloomberg TV uninterrupted..

 

[Bruno]

Ted Kennedy is stomping him, too!! He's pissed!

 

[ItsTime]

if someone finds the youtube please post thanks

 

[Jason726]

Its, kind of funny for Bernanke to have to get grilled by RP about the interference in the economy, and then he gets Kennedy after him next to grill him to fix(interfere) with the problems.

I'm glad bernanke didn't give Kennedy his opinion, I'm sure nothing good would have come from it.

 

[angelatc]

Anybody still watching this? The tulip bulb thing was indeed in the 17th century, and the Congressman apparently doesn't know that the Bubonic Plague and the Thirty Years War affected their economy far more than the tulip craze.

Or did the collapse of the Beanie Baby market truly signal the end of life as we know it? You decide.

Oh! Even better! From Wikiepdia!

's Earl A. Thompson and Jonathan Treussard, "The Tulipmania: Fact or Artifact?", provides an alternate explanation for Dutch tulip mania: that it was not caused by irrational speculation, but rather by a Dutch parliamentary decree (originally sponsored by Dutch investors made skittish by the Thirty Years' War then in progress) that made the purchase of tulip-bulb "futures contracts" a nearly risk-free proposition:

...both the famous popular discussion of Mackay and the famous academic discussion of Posthumus, 1929, point out a highly peculiar part of this episode. In particular, they tell us that, on February 24, 1637, the self-regulating guild of Dutch florists, in a decision that was later ratified by the Dutch Parliament, announced that all futures contracts written after November 30, 1636 and before the re-opening of the cash market in the early Spring, were to be to [sic] interpreted as option contracts. They did this by simply relieving the futures buyers of the obligation to buy the future tulips, forcing them merely to compensate the sellers with a small fixed percentage of the contract price.

Given data about the specific payoffs present in the futures and option contracts, the authors determine that tulip bulb prices in fact hewed closely to what a rational economic model would dictate: "tulip contract prices before, during, and after the 'tulipmania' appear to provide a remarkable illustration of market efficiency."

 

[Jason726]

I missed that part.

 

[Bruno]

I have read that the Tulip Craze has been overblown as far as its long-term impact, but it is certainly a good read to understand inflated prices and over-exuberance by investors.

I'm still watching - her statement just now that "I just got a message on my Blackberry that your previous statement caused the market to drop 40 points in one of my key indicators" was priceless.

 

[I Am Weasel]

damnet! watching now, but it's all passed... why do I always miss this stuff? Youtube... lol... here I come.