+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Look at Ben Bernanke's fat wallet!

Oct 9, 2015, 19:56 IST

Former Federal Reserve Chair Ben Bernanke was on the "The Late Show" with Stephen Colbert to talk about his new book The Courage to Act.

Advertisement

"What is money?" Colbert asked Bernanke.

In response, the former Fed Chair whipped out his startling fat wallet and handed over a twenty-dollar bill, which Colbert pocketed.

"What is money? Does it have intrinsic value?" Colbert asked.

"No, it's good because other people take it just like you did."

Advertisement

Bernanke then went on to explain that how the US financial system "almost completely cratered."

You can watch the full show here, but seriously, look at this monster of a wallet!

CBS

CBS/

CBS/ The Late Show

Advertisement

CBS/ The Late Show

NOW WATCH: This is what separates the Excel masters from the wannabes

Please enable Javascript to watch this video
Next Article