Red Ice News

The Future is the Past

Senator Bernie Sanders: ‘Bernanke is Part of the Problem’
New to Red Ice? Start Here!

Senator Bernie Sanders: ‘Bernanke is Part of the Problem’

Source: wallstreetpit.com
Sen. Bernie Sanders, who has been a constant critic of the fed, and of Bernanke, said on Dylan Ratigan’s show he will vote against the reconfirmation of Federal Reserve Chairman Ben Bernanke.

During the interview Sen. Sanders slams the Fed Chief saying it is unacceptable that the central bank risks taxpayer money without detailing where the funds go. Sanders recalls his testy exchange at a hearing before the Senate Budget Committee back in March with the Fed Chairman where he pressed Bernanke to name the firms that borrowed from the Fed, the central bank chairman replied, ‘No, I won’t tell you’.

“If the taxpayers of this country have spent $700 billion bailing out Wall Street because they are too big to fail” said Sander, “why is it that 3 out of the 4 largest financial institutions today are bigger than they were before the bailout. Why is it okay that 4 large financial institutions write half the mortgages, two thirds of the credit cards in this country and control 40% of the deposits. The bottom line to me is that the middle class in this country is collapsing…we have seen this trend downward for many many years. We need a new direction.”

Visit msnbc.com for Breaking News, World News, and News about the Economy



Article from: WallStreetPit.com

Comments

We're Hiring

We are looking for a professional video editor, animator and graphics expert that can join us full time to work on our video productions.

Apply

Help Out

Sign up for a membership to support Red Ice. If you want to help advance our efforts further, please:

Donate

Tips

Send us a news tip or a
Guest suggestion

Send Tip

Related News

CNN’s Sanders: ‘We Don’t Need White People Leading the Democratic Party Right Now’
CNN’s Sanders: ‘We Don’t Need White People Leading the Democratic Party Right Now’
Left-Wing Supporters Boo as Bernie Sanders Says 'We Must Elect Hillary Clinton'
Left-Wing Supporters Boo as Bernie Sanders Says 'We Must Elect Hillary Clinton'

Archives Pick

Red Ice T-Shirts

Red Ice Radio

3Fourteen

How Right Wing Is Japan Today?
Yoko Mada - How Right Wing Is Japan Today?
European Cooking & Philosophy
Elisabeth - European Cooking & Philosophy

TV

Why I Support the NFL Protests - Operation Reinhard
Why I Support the NFL Protests - Operation Reinhard
Ijzerwake (Wake of Iron): Highlights from Flemish Cultural Festival
Ijzerwake (Wake of Iron): Highlights from Flemish Cultural Festival

RSSYoutubeGoogle+iTunesSoundCloudStitcherTuneIn

Design by Henrik Palmgren © Red Ice Privacy Policy