Wow!
I know this is dog and poney show, but Ben is taking some hard punch from senator Corker.
I am wondering if this will push Ben to crash the market this time...
A testy exchange between Sen. Bob Corker (R-Tenn) and Bernanke. Corker says Bernanke has sparked a global currency war and created "faux" wealth. Bernanke says he's not engaged in a currency war or targeting the currency. Corker says Bernanke is the biggest monetary 'dove' since World War II, proud of it and degrading society. Bernanke shoots back that he's got the best inflation track record among Fed chairman since World War II. Corker says Bernanke is punishing savers with his low interest rate policies and throwing seniors under the bus. Bernanke says he's looking out for long-term unemployed and that the stronger recovery he seeks will help savers. Following Corker's advice, he adds, would throw the economy back into recession. At one point Bernanke shoots back at a Corker accusation that the Fed is subsidizing banks, "None of the things you said are accurate." Corker shoots back, "Oh yes they are."