Ben Bernanke in the Joint Economic Committee hearing on April 2nd

This is an excerpt from Ben Bernanke's testimony, when he was explaining the Bear Stearn emergency rescue. For full text, see his Testimony on economic outlook and Testimony on Financial Markets Developments




In the next clip, we have a Q&A session where Bernanke discussed the sources of business cycles, and the Federal Reserve's influence on them. For real economic contents, just skip Ron Paul's ramblings and go straight to 4.46th minute in the video.