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Overview: Fri, June 05

Marcy Kaptur

Thu, January 17, 2008
Testimony to House Budget Committee

Democratic Rep. Marcy Kaptur of Ohio launched into a lengthy question to Ben Bernanke during the Fed chairman’s House testimony about community banks, securitization of home loans and investment banks role in the crisis, ending with this point: “Given that you were the former CEO Of Goldman Sachs…”

She was quickly stopped by the laughter in the room.

“Did I get the wrong firm? Where were you?” she asked, before being corrected that she was thinking of Treasury Secretary Henry Paulson.

Said Mr. Bernanke: “I was CEO of the Princeton Economics Department.” '

As reported by the Wall Street Journal