Game Change2012

Nicolle Wallace:
Do you think the Fed did the right thing in their dealing with the Bear Stearns collapse?

Sarah Palin:
Our economy is hurting, and the federal government has not provided the sound oversight that we need and that we deserve. I think we need a little bit of reality from Wasilla Main Street there brought to Washington DC so that the people there can understand how the average working class family is viewing bureaucracy in the federal government.

Steve Schmidt:
Governor, do you know what the Fed is?

Sarah Palin:
In what respect, Charlie?

Steve Schmidt:
No, no, this is me, Steve, asking do you know what the Fed is? [Palin doesn't answer] Um... stands for the Federal Reserve System... [Palin starts taking notes] No, please, don't write, just listen. The Fed is responsible for all monetary policy in the United States.