We thought we might less this pass since it's being live-blogged all over the Web but then the questions started so we couldn't resisit.
Again, late in starting:
Ben gave his statement and is totally stonewalling Edolphous Towns's questions with one word responses.
Towns: FDIC said they aren't down with the BofA/Merrill Lynch, why did you blow them off? Are they not as smart as you?
Ben: We explained it to them and turns out they were actually cool with it. Similar what we did with KL
Issa's turn. He's the Bernanke/Nixonian conspiracy cover-up theorist.
Issa: Richmond Fed guy said there was pressure related to the MAC. Well?
Ben: Two things: 1.
Issa: Nevermind, I'll interrupt to give you some of my conspiracy theory.
Ben: Two things...
Issa: No, we're not finished. Did you want to fire them?
Ben: I never threatened KL, except after he said he didn't like my beard.
Issa: So it's true that you threatened him?
Ben: Can I finish my second point?
Issa: No. We don't have time.
Ben: Okayyyyyy
Issa is going on and on and on and on and on and on.
Issa isn't talking about the stability of the financial system. Who gives a damn about that Ben? I want to find out that you giving the Reservoir Dogs/Michael Madsen treatment to Ken Lewis!
Issa goes on for what seems like eternity and sums it up as: did you say do the deal or else?
Thank god Issa's time has expired.
Kucinich is spending his 5 minutes reading email. Questions are apparently not useful in his view.
Oh. Here's the question: did you have concerns about the deal?
Ben: Yes.
Ben looks thrilled to be there.
Kucinich: Do you supervise anything?
Ben: Yeah, a DQ in Princeton.
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Thursday, June 25, 2009
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