Watch Bernanke squirm as Congressman Alan Grayson grills him

[qh4dotcom]

My hat's off to Grayson...he sure made Bernanke squirm and look bad

YouTube - Alan Grayson grills Ben Bernanke on Foreign Lending 07/21/2009

 

[Bossobass]

Grayson is awesome. He does his homework, he baits Bernanke then he bangs him over the head with their own numbers.

This clip is just as good as it gets.

Bosso

 

[rrcamp]

Who is this Grayson? What's his story? I just wrote him an e-mail expressing my heartfelt thanks for what he did today. I need him on my radar.

 

[anaconda]

Ben's voice is quivering and he looks very lacking in confidence. Grayson sounds like he has a good grasp on economics and finance.

Oh, dear, I'll bet Ben is longing for the days of writing papers at Harvard...

I wish RP could engage in this type of exchange. But, maybe it's actually better that he sort of passes that torch to others for now.

 

[FSP-Rebel]

Who is this Grayson? What's his story? I just wrote him an e-mail expressing my heartfelt thanks for what he did today. I need him on my radar.

I think he's democrat from FL.

 

[jmdrake]

Wow! Good job! Never heard of this Grayson guy before but I like him.

 

[catdd]

Bam-Bam Barney saved Bernanke's tail again.

 

[emazur]

Who is this Grayson? What's his story? I just wrote him an e-mail expressing my heartfelt thanks for what he did today. I need him on my radar.

He's newly elected, and I've heard he's a client of Schiff's and that he's a lawyer. Be sure to watch him in this video if you haven't seen it yet:
http://www.ronpaulforums.com/showthread.php?t=199342

 

[StayTrue]

Who is this Grayson? What's his story? I just wrote him an e-mail expressing my heartfelt thanks for what he did today. I need him on my radar.

He voted for Cap and Trade

 

[silverhandorder]

He voted for Cap and Trade

Not that I am defending him but he is a dem and he does support big government. Lets just be clear where we agree with him .

 

[Dorfsmith]

I may not agree with him on many of his votes but that video was beautiful.

 

[tsopranos]

I like his tie

 

[torchbearer]

Bernake was cracking.... he was scared shitless.

 

[anaconda]

Who is this Grayson? What's his story? I just wrote him an e-mail expressing my heartfelt thanks for what he did today. I need him on my radar.

From WIKIPEDIA (impressive resume)

Grayson graduated from Harvard College, then received a law degree (with honors) from Harvard Law School as well as a Master of Public Policy from Harvard's John F. Kennedy School of Government. Grayson is an alumnus of the Bronx High School of Science.

Grayson went on to work as a judge's assistant at the D.C. Circuit Court of Appeals, working with current U.S. Supreme Court judges such as Ruth Bader Ginsburg and Antonin Scalia, and former U.S. Attorney General Robert Bork. He helped found the Alliance for Aging Research, and is the current secretary of its board of directors.

Grayson is a prominent entrepreneur, having founded telecommunications carrier, IDT Corp and having numerous investments in small businesses.

Grayson is married to Lolita Grayson. They have five children.

http://en.wikipedia.org/wiki/Alan_Grayson

 

[anaconda]

Did you hear Ben first say that "2 central banks got the money, but didn't know which ones?" Then a few moments later he says "there is a list of 14 central banks that received the money?" I wish Grayson would have caught that and asked him again.

Or did I misunderstand the line of questioning?

 

[jkr]

repeat after RON; the bad one

"i do not recall."

been hearing this for years.
what does that mean?

i thought these people were smart...

 

[Imperial]

Bernake was cracking.... he was scared shitless.

Grayson goes debate mode on them. Ron Paul just makes a point. There are uses for both.

 

[Catatonic]

Grayson is just being an ignorant fool. There is an enormous swaps market between banks and central banks all the time. Asking who ended up with the cash is like asking who ended up with the share of IBM you just sold in the market.

The fed exchanged dollars for bonds in a standard transaction that goes on every day. It was to ease the acute lockup of the credit markets and prevent the collapse of euro area banks. Most of it went to the ECB and is fully collateralized. Riskless transactions with other central banks.

I love watching Bernake tremble with fear but sometimes these grandstanding scenes just make these congressmen look dumb.

 

[BenIsForRon]

Grayson is just being an ignorant fool. There is an enormous swaps market between banks and central banks all the time. Asking who ended up with the cash is like asking who ended up with the share of IBM you just sold in the market.

The fed exchanged dollars for bonds in a standard transaction that goes on every day. It was to ease the acute lockup of the credit markets and prevent the collapse of euro area banks. Most of it went to the ECB and is fully collateralized. Riskless transactions with other central banks.

I love watching Bernake tremble with fear but sometimes these grandstanding scenes just make these congressmen look dumb.

Yeah, that was the impression I got, I just don't understand enough about interbank loans to say anything. Grayson needs to understand the enemy's narrative, like Ron Paul does. Ben's line will always be that everything they do is for international market stability. So Grayson needs to have something to counter that argument, instead of saying "why didn't Americans get that money?".

EDIT: I'm not saying Grayson is ignorant, just he needs to work on his narrative. Maybe hanging out with Dr. Paul more will help.

 

[Thomas_Paine]

Grayson is very intelligent and specializes in humiliating his political opponents read the wiki article

...but Grayson doesn't know who he's dealing with.. . Laughing at Ben's face like that could get you're balls cut off in more ways than one.

http://en.wikipedia.org/wiki/Alan_Grayson