Today Federal Reserve chairman Ben Bernanke is testifying in front of the Joint Economic Committee, where he is expected to finally explain why he has taken so much unprecedented action lately, like helping JPMorgan negotiate a deal to buy Bear Stearns at a rock-bottom price and agreeing to absorb $30 billion of questionable assets as collateral for the loan that enabled the deal, establishing a lending facility for investment banks, and lowering the interest rate like crazy. That it has taken more than two weeks for anyone to ask Bernanke to explain himself reminds us of the castaways on Lost, who have co-existed on the island for four seasons with a group of Others of whom they have not asked the most obvious questions: Why do you people act so crazy? And why are there polar bears on this tropical island? We suspect Bernanke's stretching out his show for the same reasons as J.J. Abrams — he's still trying to figure things out. So don't hold your breath thinking he's going to produce a Big Finale That Explains All. Probably, we're going to have to wait a few more seasons to find out how this story is going to end.
Most Viewed Stories
Pop Culture Died in 2009: Gossiping With the Best Celeb Blogger on Tumblr
Because Beyoncé Owns Her Haters, She’s Selling ‘Boycott Beyoncé’ Tour Merchandise
‘Isn’t This Funnier?’ New Girl Creator Liz Meriwether Recalls the Making of the Prince Episode
The Daily Show’s Lewis Black Addresses Live’s Kelly Ripa and Michael Strahan Situation Like the Goddamn Disaster It Is
Why Typical Preschool Crafts Are a Total Waste of Time
What’s Wrong With Game of Thrones’ Dorne Plot?
Your Dog Hates Hugs
9 Questions The Good Wife Still Needs to Answer
Chelsea Peretti and Jordan Peele Eloped and Their Only Wedding Guest? This Ridiculous Dog
How Neuroscientists Explain the Mind-Clearing Magic of Running
Latest News from Daily IntelligencerIt Turns Out January’s Blizzard Was Actually the City’s Biggest Ever
Sorry, Blizzard of '06.Everything Is Coming Up Trump
The Donald outperformed expectations on Tuesday, and now a new batch of state polls suggests he could clinch the nod before Cleveland without breaking a sweat.America Hasn’t Disliked the Republican Party This Much Since 1992
The last time 62 percent of America disliked the GOP, Boyz II Men and Sir Mix-A-Lot were lighting up the charts.San Bernardino Shooter’s Brother and Two Other Relatives Arrested
On marriage-fraud charges and lying to authorities.The Fairest Dice Possible According to Math Have 120 Sides and an Incredibly Complex Shape
Consider this the next time you bet with some shady six-sider.This Delusional John Kasich Ad Imagines What His Nomination Will Look Like
Even as the Kasich-Cruz "pact" begins to fall apart in Indiana, a new ad for the Ohioan shows him imagining Rapture in Cleveland.Queens Supermarket Learns the Hard Way It’s Illegal to Move a Bus Stop Without Permission
As you might imagine, that's illegal.Activists Have Declared War on Hedge Funds — and They Might Be Winning
Large investors are pulling out money for both political and financial reasons. Does this mark the beginning of a long decline?U.S. Economy Starts Off 2016 on Wrong, Slow Foot
The economy expanded at its slowest pace in two years, as business investment plummeted. But there's reason to think things will get better before they get worse.Princeton Grad Accused of Killing Hedge-Fund Dad Thinks He’s Being Poisoned by Batteries
A judge granted Thomas Gilbert Jr. another psych evaluation, though he'd been deemed "mentally fit" for trial late last year.
The former GOP House Speaker also said he could vote for Trump in the general election but not for the Texas senator.Why Is Donald Trump a Patsy for Vladimir Putin?
The Republican front-runner loves the Russian dictator.Trump Tries to Win Over Female Voters by Stressing How Easy Life Is for Women
"Without the woman’s card Hillary would not even be a viable person to run for City Council positions,” a man with no political experience said Thursday.
Your latest Obamacare doomsaying, explained.Trump Beat Cruz at His Own Organizational Game in Pennsylvania
Trump looks poised to snag 40 or more unbound delegates elected in Pennsylvania yesterday, compared to two for the supposed master Ted Cruz.Yale’s Calhoun College to Keep Racially Charged Name
But the school's residence-hall leaders will no longer be called "master."JetBlue Pilot Accused of Flying Drunk Blames Gum
That Bacardi liquid-center gum will get you every time.Fresh Intelligence: A Police Shooting in Baltimore, While Ted Cruz Hoists a White Flag Named Carly Fiorina
Our roundup of the stories, ideas, and memes you’ll be talking about today.De Blasio’s Inner Circle Subpoenaed in Corruption Probe
Including his chief aide and his top fund-raiser.Watch Carly Fiorina Randomly Break Out Into Song at a Rally
Apparently, it was an original song about Ted Cruz's daughters.