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PBS: bernanke on the record

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The Ben Bernanke media tour continues. The Federal Reserve chairman will sit down for a one-hour forum with Jim Lehrer of PBS later this month, taking questions from the NewsHour anchor, a studio audience and online participants. The Sunday, July 26 recording at the Federal Reserve Bank of Kansas City is being billed as �Bernanke On the Record.� The NewsHour says an audience of �local citizens� (in addition to Lehrer) will ask questions for a three-segment program to air on The NewsHour with Jim Lehrer the following Monday, Tuesday and Wednesday. Local PBS stations also will get the full feed for a special program to air that Wednesday. That could amount to the largest TV audience Mr. Bernanke has reached since he began doing on-the-record media appearances this year, a way for the former college professor to explain the crisis and the central bank�s handling of it. (Of course, it also conveniently comes in the final year of Mr. Bernanke�s four-year term as Fed chairman, as he�s awaiting a reappointment decision from the White House.) Mr. Bernanke attended an on-the-record lunch at the National Press Club in February that was the closest we�ve seen to a press conference by a Fed chairman. The following month, he appeared on two segments of CBS�s 60 Minutes taped at the Fed headquarters in Washington and in his hometown of Dillon, S.C. � with Mr. Bernanke sitting on a bench on Main Street.

http://blogs.wsj.com/economics/2009...ke-goes-to-pbs/

if you would like to ask ben a question, you can lodge it here:

http://www.pbs.org/newshour/insider/

Very nice!

You can be sure I'm going to throw down with Benny B.

Can't wait to see it. Bernanke is one cool dude.

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Originally posted by Krypton Can't wait to see it. Bernanke is one cool dude.

You dont work at Goldman Sachs do you?

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Originally posted by saluyamo You dont work at Goldman Sachs do you?

I wish I did..average salary is $800k a year..

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Originally posted by Krypton I wish I did..average salary is $800k a year..

It might be because I've been lurking marketwatch to much but from what I've read GS is extremely corrupt and that they have a lot of friends in DC, such as Ben and others in high positions.

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Originally posted by saluyamo It might be because I've been lurking marketwatch to much but from what I've read GS is extremely corrupt and that they have a lot of friends in DC, such as Ben and others in high positions.

I don't know about any of that, but Goldman Sachs hires some of the smartest people out there in the field of economics. It's only natural that some of these people move on to high government positions.

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Originally posted by saluyamo It might be because I've been lurking marketwatch to much but from what I've read GS is extremely corrupt and that they have a lot of friends in DC, such as Ben and others in high positions.

*rolls eyes* grow up.

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Originally posted by Krypton I don't know about any of that, but Goldman Sachs hires some of the smartest people out there in the field of economics. It's only natural that some of these people move on to high government positions.

and it maybe that some of those people help out old mates. I could be wrong but didnt GS become a bank very very shortly before TARP money was handed out?
Just this month GS made amazing profits from what could only be high risk trading, something that I thought banks are not meant to do (legislation? a commity, I'm not sure)

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Originally posted by saluyamo and it maybe that some of those people help out old mates.

if this is your honest opinion you are severely misinformed.

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Originally posted by pkcRAISTLIN if this is your honest opinion you are severely misinformed.

Thats more than likely Could you recommend some forums and news websites that arent as misinformed?

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Originally posted by pkcRAISTLIN *rolls eyes* grow up.

*rolls eyes* Open your eyes. You must be plain retarded to think our world is a perfect fairy tale and corruption is just a ten-letter word. Did you not say yourself in the 'What are you currently reading' thread you'd rather get ripped and play video games? You're like the bible-thumping creationist having faith in the fairy tale you've been brought up in with little to no willingness to ask questions. Yup, lending institutions exist to make the world a better place for everyone and people with money and power never use it for anything that couldn't be considered altruistic. Read a fucking book, god DAMNIT.

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Originally posted by saluyamo and it maybe that some of those people help out old mates.

Ha! That's the status quo mate. You don't help your political enemies do you?

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I could be wrong but didnt GS become a bank very very shortly before TARP money was handed out? Just this month GS made amazing profits from what could only be high risk trading, something that I thought banks are not meant to do (legislation? a commity, I'm not sure)

I do believe the banking and investment side are by law, separated. A bank cannot use depositors money to make high risk trades.

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Originally posted by D-res *rolls eyes* Open your eyes. You must be plain retarded to think our world is a perfect fairy tale and corruption is just a ten-letter word. Did you not say yourself in the 'What are you currently reading' thread you'd rather get ripped and play video games? You're like the bible-thumping creationist having faith in the fairy tale you've been brought up in with little to no willingness to ask questions. Yup, lending institutions exist to make the world a better place for everyone and people with money and power never use it for anything that couldn't be considered altruistic. Read a fucking book, god DAMNIT.

Lol, that�s funny. Ive read more books than you could ever poke a stick at. You�re the one educated by youtube.

The fact that Bernanke (or Paulson for that matter) knew some of the bankers on wall street had absolutely nothing to do with their actions, and if you believe differently, bring us the evidence. bernanke�s actions regarding the crisis are a matter of public record. How about YOU go read a book before you start putting forward idiotic ideas that hold no weight?

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Originally posted by saluyamo Thats more than likely Could you recommend some forums and news websites that arent as misinformed?

Certainly. Here is an examination of the crisis and the actions of the treasury and the fed. I think it makes it abundantly clear that Bernanke and Paulson weren�t helping out their wall street buddies.

http://www.pbs.org/wgbh/pages/frontline/meltdown/view/

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Originally posted by saluyamo You dont work at Goldman Sachs do you?

LOL!

got my question in:

Given the many studies that have addressed measurement bias in the standard reports of inflation, do you still maintain the position stated on page 51 of your text book, Macroeconomics, 2nd Canadian Eddition, which postulates that US inflation could be over stated by 1 - 2 percentage points?

If not, by how much do you feel measurement bias is affecting reported inflation numbers?

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Originally posted by atbell LOL! got my question in: Given the many studies that have addressed measurement bias in the standard reports of inflation, do you still maintain the position stated on page 51 of your text book, Macroeconomics, 2nd Canadian Eddition, which postulates that US inflation could be over stated by 1 - 2 percentage points? If not, by how much do you feel measurement bias is affecting reported inflation numbers?

Haha, good question! Was watching PBS last night and I think they said it was being filmed this weekend. Can�t wait.

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Originally posted by saluyamo and it maybe that some of those people help out old mates. I could be wrong but didnt GS become a bank very very shortly before TARP money was handed out? Just this month GS made amazing profits from what could only be high risk trading, something that I thought banks are not meant to do (legislation? a commity, I'm not sure)

If I remember right Goldman, and one other bank, changed thier 'bank' designation so that there are now no 'Investment banks' in the US. Something like that esentially. The general feeling was that there were structural flaws in the organizational requirements which feed the problems over the past decade.

GS has been making amazing profits for years. They are made up of smart people who work hard, from what I've heard. They also spend a good deal of time picking thier perspective employees to match the culture of the bank as well as the skill set of the bank.

Even if there is some dodgy element to them, I'd rather the old boys of GS were in high positions than the old boys at Lehmans or Bear Sterns

(off the top of my head, Paulson, Bernanke, Greenspan, and a handful of others were GS alum)

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Originally posted by ******** My question was: Ben, what do you think is more important the US economy or Yaweh?

LOL also a good question!

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Originally posted by pkcRAISTLIN bernanke�s actions regarding the crisis are a matter of public record.

In fact Bernanke's actions could have been predicted rather easily by someone who was familiar with his past work. He was a student of the great depression and reacted in a way that suggests he was trying to correct the mistakes that he'd noticed in his studies.

There is a paper that he wrote on the topic that isn't to hard to find (although I forget the name right now). The main point I picked out from it was that he felt the US economy would have done better if the gold standard had been abandon earlier in the 30s so that the US dollar could have dropped in value. His response to this deperssion () was to print money.

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Originally posted by pkcRAISTLIN Haha, good question! Was watching PBS last night and I think they said it was being filmed this weekend. Can�t wait.

Thanks, it's been on my mind since I began re-reading my text (which I started when I noticed he'd written it).

Glade you're keeping up with PBS, they've got good stuff but I always forget to check it out.

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Originally posted by atbell In fact Bernanke's actions could have been predicted rather easily by someone who was familiar with his past work. He was a student of the great depression and reacted in a way that suggests he was trying to correct the mistakes that he'd noticed in his studies. There is a paper that he wrote on the topic that isn't to hard to find (although I forget the name right now). The main point I picked out from it was that he felt the US economy would have done better if the gold standard had been abandon earlier in the 30s so that the US dollar could have dropped in value. His response to this deperssion () was to print money.

Yeah, there�s a wonderful speech he gave to the press club (or similar I think) regarding the great depression and central banking. Very informative and a great read.

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Originally posted by atbell Glad you're keeping up with PBS, they've got good stuff but I always forget to check it out.

yeah, absolutely love the news hour with jim lehrer. I leave work at about 4.30pm and get to see most of it each day on one of our public stations. Its hard to believe that the news hour and fox news come from the same country. Cant get enough of shields and brookes!

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Originally posted by pkcRAISTLIN yeah, absolutely love the news hour with jim lehrer. I leave work at about 4.30pm and get to see most of it each day on one of our public stations. Its hard to believe that the news hour and fox news come from the same country. Cant get enough of shields and brookes!

Too bad PBS gets the least amount of viewers. The masses want to be talked at...

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Originally posted by Krypton Can't wait to see it. Bernanke is one cool dude.

he's about as cool as a guy that sticks a 12 inch rubber dildo up your ass, then asks you to pay for the favor.

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