Before the House Financial Services Committee, Federal Reserve Chairman Ben Bernanke and Rep. Maxine Waters (D-Calif.) engaged in a verbal spar over whether raising federal funds would or would not cause mortgage rates to rise
Duration : 0:3:21
Maxine Waters Spars With Bernanke
END THE FED NOW!
END THE FED NOW!
I’d love Maxine …
I’d love Maxine Waters too.
I’d love to watch her work the whale tank at Sea World.
I love Maxine Waters
I love Maxine Waters
How can she be in …
How can she be in Congress for decades, sit on that committee and not understand the difference between the discount lending rate, the federal funds rate and the prime lending rate?
After watching the …
After watching the video it becomes evident that the (D) next to the Democrat’s name actually stands for Dumb Ass
Actually… …
Actually…Harvard’s Econ degrees are all B.A.s and not B.S. degrees. The only undergrad BS degrees are engineering sciences.
What I really meant …
What I really meant was Bernanke having a B.S. as opposed to her B.A.
Hahaha it was the …
Hahaha it was the discount rate bahahahahahahahahahaha hahahahahahahahahahahahahahahahaha
Well…I actually …
Well…I actually agree with you about Bernanke. But umm…his undergrad degree in economics from Harvard is also technically..umm…”a liberal arts degree.”
Of course, that doesn’t excuse Waters for being ignorant of a basic concept of economics…esp since she services on the financial services committee.
A glittering jewel …
A glittering jewel of colossal ignorance.
Remember, this is the same Maxine Waters that was at the JPL control room when Spirit landed. She asked one of the engineers if the robot could go take a picture of the flag that the astronauts planted.
Nah. I have an …
Nah. I have an advanced degree, like you.
Maxine Waters would …
Maxine Waters would have been sterilized as “too stupid to breed” 100 years ago.
a monkey has more …
a monkey has more brains that maxine waters…who could be stupid enough to vote for her?
oh thats right…democrats.
I assume guys of …
I assume guys of his intellect sort of section off a piece of their minds, and use that throw-away chunk of their brains to interact with morons, while the rest of it is off doing something constructive. Which with the crap-sandwich Bernanke has been handed by his predescessors, and is being egged on to continue by the politicians, I imagine all he does is calculate exactly when the currency will implode.
Maxine Waters is …
Maxine Waters is the Afro-American version of David Duke or Bull Connor:
A functional illiterate radical leftist with ZERO class or professionalism, with a disgraceful and poisonous chip of racial bigotry on her shoulder the size of Dodger Stadium.
She is the walking embodiment of why Congress is broken and why race relations in this country are so slow to heal.
Gotta feel sorry …
Gotta feel sorry for Bernanke. He’s one of the smartest guys in the room yet has to answer the questions of a bunch of dumb politicians like Waters, who didn’t even bother to find out which rate was changed.
Seriously, Maxine …
Seriously, Maxine Waters is an idiot. She clearly does not understand the concept of the discount rate vs. Fed funds, but then again, the same could probably be said for the majority of the California Democratic delegation. Thanks to gerrymandering and low voter turnout, there is little chance that she will ever be turned out of office. Just wait until Maxine and her fellow travelers get a hold of healthcare…
California, way to …
California, way to go!!! Keep voting her in. If you have any questions about why California is in the condition it’s in- look at who is running your state.
Based on your …
Based on your comments, others might say the same of you. Just a thought…
She is stupid. …
She is stupid. Period.
We shall see. Time …
We shall see. Time will tell whether her arguments made sense. We have been here before. Your anger and name calling are inappropriate. Public discourse shouldn’t include such terms.
It is not that she …
It is not that she “misspoke,” but that she was too stupid to figure out the difference between the Fed Funds rate and the Discount Rate, then also too stupid to realize that she carried on for about three minutes in favor of subsidizing the very banks that Obama has spent most of his presidency vilifying (until a couple of weeks ago, when he said that he would not begrudge bank CEOs their bonuses).
A mind is a …
A mind is a terrible thing to waste.
And those of us …
And those of us with advanced degrees, myself included, have never mis-spoken?? Clearly racists, conservatives who can’t see past their hatred cannot admit to this.
I hope her …
I hope her constituents are proud — they keep re-electing this buffoon to office.
What does that say about them? This is your representative, which means you’re either intellectual morons or mentally unstable, probably both.