Based on Rep. Alan Grayson's line of questioning for Federal Reserve General Counsel Scott Alvarez, you'd think the Beard and his troops were using their powers to turn the equity markets into their personal plaything. The game of cat and mouse starts with the question "Has the Federal Reserve Ever Tried to Manipulate the Stock Market?", which leaves Alvarez a bit flat footed. He quickly goes to the 'it's too broad a question' play which is met with an emphatic "I think not". The 4 minutes that follow are highly reminiscent of the Stanford Band Play with Grayson sensing victory multiple times until Alvarez slips right by him, the clock runs out, and Alvarez is in the end zone.
Friday, September 25, 2009
Is The Stock Market Nothing More Than The Fed's Puppet?
A nice catch by DealBreaker: