Bernanke's Blatant Lies: Q&A From Speech (Video National Press Club)

Bernanke's Blatant Lies: Q&A From Speech (Video National Press Club)



Even I'm shocked by this blatant lie, and I'm cynical and jaded.  He makes it up as he goes along and shovels it to the faithful.  Let us continue with Bernanke's distorted view of transparency:

• "Currently, every program that we initiated during the crisis has been completely open to the GAO.  All the information has been provided to the public.”

• "On December 1st, we put out a complete record of all 21,000 loans that we made during the crisis....explaining...who was the borrower, what was the collateral....All that information was provided.”

• "Every aspect of the Fed’s financial dealings are wide open.”

All of the above quotes are absolutely untrue.  Indeed, they have NOT provided all the information, in particular information about collateral.  The information they provided in regard to Dodd-Frank only lists a dollar amount for the loan, along with the face value of the collateral – but we have NO IDEA what kind of collateral was used or how it was valued.  Bernanke just flat out lied here.






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