James Pethokoukis

The Grilling of Ben Bernanke

June 25, 2009

Ben Bernanke’s testimony to Congress about his involvement in the Bank of America-Merrill Lynch  merger was a lot like an FOMC statement: short and unadorned, yet open to much interpretation. When the Federal Reserve wasn’t repeatedly saying “I don’t remember” or “I don’t recollect,” he was matter-of-factly stating that he didn’t intend to threaten Bank of America CEO Ken Lewis with termination if he didn’t go through with the Merrill deal.

Obama’s stimulus trap

June 25, 2009

It was, potentially, the most explosive question asked at President Barack Obama’s news conference. Just nine words: “Do you think you need a second stimulus package?”

Thoughts on Bernanke, Lewis and Bank of America-Merrill Lynch

June 25, 2009

I sat through most of the Ben Bernanke/BofA hearing before having to duck out to do some CNBC. But these are my takeaways

Bernanke/BofA hearing … live blogging

June 25, 2009

11:55: I dont know what Paulson said to Lewis; but always Lewis’ decision

11: 51 elijah cummings (D) didnt get the Dem memo that lewis, not bernanke is the bad guy

Obama’s healthcare informercial

June 25, 2009

This exchange was not good for Team Obama:

Dr. Orrin Devinsky, a neurologist and researcher at the New York University Langone Medical Center, said that elites often propose health care solutions that limit options for the general public, secure in the knowledge that if they or their loves ones get sick, they will be able to afford the best care available, even if it’s not provided by insurance.