Another endorsement for Occupy Wall Street – Ben Bernanke “sympathizes” with them
One of the few things I’ve actually seen at these Occupy Wall Street protests that I agree with is the outrage at the Federal Reserve and Ben Bernanke. Yet for some reason, Ben Bernanke “sympathizes” with the Occupiers. This despite the harm Bernanke has caused not only these “people” but everyone else in the country. From CNNMoney:
Uncle Ben Bernanke’s Operation Twist announcement crashes stock markets
It’s almost treasonous how Ben Bernanke caused stocks to crash today! After announcing his 1960′s style stimulus “Operation Twist” the Dow Jones crashed by nearly 250 points, finishing down 284 points today. Stocks were up and down slightly during the day before corrupt Bernanke’s statements came out. The Nasdaq which had been in positive basically all day before Bernanake’s ended down 28 points. S*P 500 was down 29 points. Thanks Ben! Oh and BTW, since Obama announced his jacking taxes up plan on Monday, the stock market is down about 400 points since then.
Corrupt Federal Reserve goes back to the ’60s and launches another stimulus – ‘Operation Twist’
Like stagflation? Like your money being worth less than the paper it’s printed on? Then you should love Operation Twist. What does the Federal Reserve and corrupt Ben Bernanke do to try and “rev” up the economy? They go back to a 1960′s style stimulus of selling $400 billion in short-term Treasuries in exchange for the same amount of longer-term bonds. They call it “Operation Twist.” CNN says that “Operation Twist” is designed to lower yields on long-term bonds, while keeping short-term rates little changed. Whichever Republican wins the general election next year, I really hope they will offered Bernanke’s job to Ron Paul.
Obama meets with crooks Ben Bernanke and Timothy Geithner – stocks plunge 520 points
I’m sure glad Obama met with the two of the main crooks that deal with our economy aren’t you? Earlier today the media was bragging about how Obama had meetings with Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner. It did a lot of good. After the afternoon meetings with these crooks, the stock market fell from about 200 points down to 521 points for another 4.6% drop. So much for the “rally” yesterday.
Get ready for quantitative easing 3 (QE3)
The Obama regime and Ben Bernanke wants to artificially inflate the stock market again, and obliterate the dollar even more. QE1 and QE2 have done absolutely nothing other than to depreciate the dollar and artificially inflate the stock markets. Looks like it’s time to get ready for QE3! If it’s already failed twice, lets try the same sh*t again! According to the Wall Street Journal, the FED Minutes from June 21-22 show that policy makers are warming up to the idea of QE3.
CNBC: We’re on the verge of a great depression and the Federal Reserve knows it
Haven’t we heard this schtick before? Like when Obama and the Marxist Democrats wanted to pass their porkulus bill, they claimed America would go into the second great depression? I guess the porkulus hasn’t worked as CNBC has an article up claiming that
China already dumping it’s holding of U.S. debt
The Chinese aren’t stupid. They see clueless idiots like Ben Bernanke devaluing the dollar so much that they want to get out of holding our debt as quickly as possible. After April turned out to be the worst month for the since last September, CNSNEWS reported China has decreased its holdings of U.S. Treasury securities since last October.
Great news! Ben Bernanke might spend even more money
Because QE2 and the inflation of commodities that has resulted so far isn’t bad enough! Appearing on 60 minutes, and posted at Politico, Federal Reserve Chairman Ben Bernanke not only defended QE2 and the $600 billion that the government wasted from it, Bernanke is saying the Fed might spend even more.
Senate votes unanimously 96-0 for one time audit of Federal Reserve
According to the New York Times, the Senate on Tuesday voted unanimously to require a one-time audit of the Federal Reserve’s emergency actions during and after the 2008 financial crisis as part of broad legislation overhauling the nation’s financial regulatory system. The amendment, proposed by Senator Bernard Sanders, independent of Vermont, above, would require the Government Accountability Office to scrutinize some $2 trillion in emergency lending that the Fed provided to the nation’s biggest banks. The vote was 96 to 0. However, Senator David Vitter, Republican of Louisiana, put forward an amendment that would have mirrored the tougher House language, but it was rejected. The vote was 37 to 62.
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Ben Bernanke gets 70 votes from Senate for 2nd term
Sadly expected. 70 U.S. senators on Thursday voted to confirm Ben Bernanke for a second four-year term at the head of the Federal Reserve, suggesting he would win the Senate’s needed approval. Michelle Malkin lists the stupid Republicans who actually voted for Bernanke.
Alexander, Barrasso, Coburn, Cochran, Collins, Enzi, Graham, Gregg, Hatch, Kyl, Lugar, McConnell, Murkowski, Voinovich, and Snowe.
MSNBC has more (sorry for linking to this site):
Time Magazine’s person of the year for 2009 – Ben Bernanke ?
Huh? Time Magazine has selected the crook, a person who is one of the main reasons why we are in the “crisis” we are in now Ben Bernanke as “2009 Person of the year”. Surely, most people including me thought this “award” would go to Obama as Person of the Year for 2009. But Ben Bernanke?
1. Ben Bernanke
And check out the runners up Nancy Pelosi came in ahead of Usain Bolt!
END THE FED! Ben Bernanke now going after banks NOT covered by TARP
I’m probably in the minority on the right that thinking that the capping of salaries of executives of institutions that took TARP money should be able to be capped. You get in bed with the government, you pay the price. I also understand the other side, that with these “capped” salaries, there is no way you are going to get the best, hardest working, qualified people to work for these firms. GM not being able to find a CFO right now is a perfect example. However, anything that would go beyond these government controlled companies is off limits as far as I’m corcerned. Apparently. Federal Reserve, Chairman Ben Bernanke doesn’t see it that way as he is now looking to go after employee compensation of ALL banks, including those who never took a bailout according to the Washington Post:
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