Budget Committee: June 9, 2010 - Congressman Doggett Questions Federal Reserve Chairman Bernanke

Today, Federal Reserve Chairman Ben Bernanke testified to our House Budget Committee regarding his views on the state of our economy. One of the measures that we discussed was H.R. 5297, the Small Business Lending Fund bill. I also raised the alarming fact, according to a New York Times article today, that "The Federal Reserve, six months into a compensation review of the country's 28 largest financial companies, has found that many of the bonus and incentive programs that economists say contributed to the worst financial crisis since the Great Depression remain in place." I voted against the bank bailouts. To see this questioning, please click here.