Friday, January 22, 2010

Logic!

Sen. Shelby on Bernanke:

"I asked Chairman Bernanke how much time his board of governors spent on regulatory affairs: Was it 1 percent, 2 percent, 10 percent? And he never gave us even an answer. It was 1 percent. So I’m not going to support the Fed chairman."
OK, I'll bite. If he never gave you an answer, how do you know it was 1 percent?

8 comments:

Anonymous said...

The way I have read it is, Bernanke didn't answer but they found out from someone else it was 1%. Just put badly, but interesting they didn't elaborate on the source.

Anonymous said...

It was probably from either the audited financial statements, or from one of the GAO audits, or from one of the numerous internal audits.

But we need more audits!

Anonymous said...

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