PDA

View Full Version : Crashing Economy?


btill9000
09-23-2008, 11:52 PM
On CNN Chris Dodd said what I am pasting below. Is this possibly a hint that the US economy is getting ready to crash very soon? Generally these meetings are open to the public. From my research, congress has closed the doors to the public less than 5 times in over 150 years? Although, here Chris Dodd tells us that that he can't tell us what Bernanke said. Am I the only one that thinks the public deserves to know what was said? Comments anyone?



http://transcripts.cnn.com/TRANSCRIPTS/0809/19/sitroom.01.html
SEN. CHRISTOPHER DODD (D), CONNECTICUT: Well, I'm going to be reluctant to repeat exactly the words, not because I can't remember them, but, because, if you were to repeat them exactly, I'm fearful it might cause even more concern.

I can't begin to tell you. I have been here for 28 years, Wolf, been in a lot of very critical meetings involving a lot of important events over the last quarter-of-a-century. I can't recall another occasion when I was in a room where statements were made about the conditions of not only our economy, but the global economy, that caused every member in that room, the leadership of the House, the Senate, Republicans, Democrats, leaders of committees, that, when Chairman Bernanke finished his appraisal, a brief appraisal, along with Hank Paulson, there was dead silence in the room for maybe five to 10 seconds.

The oxygen went out of the room. People were stunned by what they heard. And I'm angry about this, because I think this was preventable, I will tell you, but we're not going to talk about that today, because the issue is, what do we do?