Escobar Season Has RETURNED! ALAN GRAYSON IS BACK!

[Dusty Bake Activate]

How about you cite me some peer reviewed economic papers on this matter. Not saying you're lying but as Matt Taibbi has shown, some of these newspapers and investment TV shows turn a blind eye to many things.

Nah I don't feel like doing that. How about I link you to an unbiased source, the Fed itself. FRB: FAQ for central bank liquidity swaps - Credit and Liquidity Programs and the Balance Sheet

Nah but seriously, I'm pretty sure central banks doing currency swaps to increase liquidity during credit crunches is pretty standard and uncontroversial. And we do have more liquidity and a stronger dollar than when they started doing this on a large scale in 2009. If I searched for economics research on the topic, it would probably be written by Fed co-signed authors anyway lol.

But I don't think Grayson was really substantively "grilling" him like it might appear at first glance. He was asking him what banks did the dollars go to. How the fukk is Bernanke supposed to know specifically which institutions they ended up in? The swaps were between our central banking system and theirs, and like 40% of our banks are members of the Fed. I'd imagine it's similar in Europe. So when Bernanke says he doesn't know, it sounds like he's on his heels, but it was really a pointless, irrelevant question.

 

[newworldafro]

I like the guy politically...but I wonder how he's going to really act though?? I mean is he going to be an equal opportunity enforcer , whether its dems or repubs doing some shady shiit....??

 

[Soymuscle Mike]

Jon Stewart pulled a bytch move at the rally he did when he showed that clip next to some deranged Glenn Beck and Hannity screeds.

Love Stewart and Colbert but Maher was dead on and passed them on my list when he shat on them for it.

'if you want to reach across the isle and hold their hands GO TO CHURCH'

 

[Cole Cash]

I doubt that you'll be in any better position to have a serious discussion about things like swaps if I start posting random papers, than you are right now. Which is to say, not at all.

hes not lying about the journal being passive when it comes to making the banks look like they did something wrong. its not dismissive to suggest a magazine owned by rupert murdoch wouldnt have some bias