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Message
re: UPDATE: Fed Chair Yellen is testifying live on CNBC now. (9:34 am, 2/11/16)
Posted on 2/10/16 at 11:31 am to LSURussian
Posted on 2/10/16 at 11:31 am to LSURussian
quote:
The congresswoman basically admitted she didn't understand Yellen's answer and then went into a diatribe about black unemployment. The committee chair cut her off because her time had expired.
That lady's knowledge is uncanny
1
Posted on 2/10/16 at 11:34 am to LSURussian
quote:
Now another question from a black congresswoman about 'subsidies' for "big banks" because the Fed is paying interest on bank reserves with the Fed while blacks can't find work. What is the Fed going to do about that?
This hearing, that's apparently turned into a witch-hunt, is going to only show just how incompetent some of these elected official are. It's humorous at this point. I'm sure even grandma is having to bite her tongue to not just destroy these people.
And exactly, they act as if Yellen is running for president with these questions: "what you gunna do for the black folk"
Seriously?
Posted on 2/10/16 at 11:35 am to TigerDeBaiter
This lady is asking her about loosening credit for subprime borrowers GTFO
GTFOPosted on 2/10/16 at 11:36 am to Bernie_Madoff
quote:
This lady is asking her about loosening credit for subprime borrowers GTFO
Holy shite.
*tunes in*
Posted on 2/10/16 at 11:39 am to Bernie_Madoff
quote:Agreed. It's a shame that her verbal communication skills are so lacking but when she talks it's a consistent economic lesson to anyone who is interested in learning something.
That lady's knowledge is uncanny
Unfortunately none of the congresshumans who are there appear to fit that description.
Posted on 2/10/16 at 11:42 am to TigerDeBaiter
"continue, continue, continue... to have an accomadative policy"
That's all we needed to hear. Rally commence.
That's all we needed to hear. Rally commence.
Posted on 2/10/16 at 11:42 am to Bernie_Madoff
quote:Another damn incoming phone call and I missed that.
This lady is asking her about loosening credit for subprime borrowers GTFO
Someone wrote above it's humorous how ignorant these politician clowns are. It definitely is but at the same time, it always makes me angry and a little depressed.
Posted on 2/10/16 at 11:42 am to LSURussian
Holy shite...if the Fed injected $1 into the economy for every time one of these people asked about inequality in the labor force all of these unemployed people would be rich
Posted on 2/10/16 at 11:46 am to LSURussian
quote:
Someone wrote above it's humorous how ignorant these politician clowns are. It definitely is but at the same time, it always makes me angry and a little depressed.
Joking aside. I am disturbed these people are in congress.
Posted on 2/10/16 at 11:47 am to Bernie_Madoff
This congressman from Colorado is making me regret I pulled for the Broncos to win.....
Posted on 2/10/16 at 11:49 am to LSURussian
Huffinton Post Headline:
"Black people's problems are not my problems"
eta: this is a joke...
"Black people's problems are not my problems"
eta: this is a joke...
This post was edited on 2/10/16 at 11:50 am
Posted on 2/10/16 at 11:49 am to Bernie_Madoff
"It's congress' job to address fiscal policy, infrastructure and trade issues, not the Fed." - Yellen
Posted on 2/10/16 at 11:50 am to LSURussian
He needs a lesson in business cycles.
Posted on 2/10/16 at 11:52 am to LSURussian
quote:
It's congress' job to address fiscal policy, infrastructure and trade issues, not the Fed." - Yellen
Posted on 2/10/16 at 11:56 am to Bernie_Madoff
quote:
Joking aside. I am disturbed these people are in congress.
I
and 
at the same time, but at the end of the day, it really is sad and embarrassing.Posted on 2/10/16 at 11:58 am to Bernie_Madoff
Another speech about African American unemployment. I think I see a pattern here....
Posted on 2/10/16 at 12:02 pm to LSURussian
Ahhhemmm...
Bitch, we want reparations!!! Somebody just say it already, right?
Good God these race-baiting apologists are pathetic.
Bitch, we want reparations!!! Somebody just say it already, right?
Good God these race-baiting apologists are pathetic.
Posted on 2/10/16 at 12:03 pm to TigerDeBaiter
Posted on 2/10/16 at 12:05 pm to LSURussian
Who does she keep looking to? This is getting awkward.
Posted on 2/10/16 at 12:10 pm to Bernie_Madoff
That was a good question about how proposed Basel regulations requiring 5X more capital to cover trading would impact the U.S. loan securitization markets.
But I think the congressman meant that market is a $1.2 TRILLION not $1.2 billion market.
He appeared to think whatever the Basel committee approves is automatically implemented in the U.S. by the Fed.
She set him straight.
DJ is up 55 points.
But I think the congressman meant that market is a $1.2 TRILLION not $1.2 billion market.
He appeared to think whatever the Basel committee approves is automatically implemented in the U.S. by the Fed.
She set him straight.
DJ is up 55 points.
This post was edited on 2/10/16 at 12:12 pm
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