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
See Also: Congressional Oversight Source: http://blogs.wsj.com/economics/2008/01/17/bernanke-as-ceo/

