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Bernanke = Impotent

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March 07, 2008 – Comments (10)

Note to Helicopter Ben. Mo' money ain't gonna make a difference. People aren't loaning to each other because of costs, it's because they don't trust anyone. And that situation exists because you, Helicopter Ben, and your predecessor, Easy Al Greenspan, neglected your mandate to properly oversee credit markets.

You let a bubble inflate, and now it's deflating. Nothing can stop it. The only thing your easy money policy is going to do now is guarantee that inflation punishes those Americans who didn't take part in your or-gee* of bad credit.

You, Mr. Bernanke, deserve to lose your job.

 (* Yes, I know how to spell this word correctly, but Caps has a lame profanity filter.)

10 Comments – Post Your Own

#1) On March 07, 2008 at 4:22 PM, joeykid13 wrote:

I'll do you one better.  It is time to shutdown The Federal Reserve System in its entirety.  Woodrow Wilson is tired of rolling in his grave.

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#2) On March 07, 2008 at 4:57 PM, abitare (58.11) wrote:

"He should resign and abolish the FED" 

"He doesn't even understand economics.That is terrifiying to me" Jim Rogers

 

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#3) On March 07, 2008 at 5:38 PM, AntiRL (< 20) wrote:

What's happening in the U.S. is so unreal.  People losing their houses that they couldn't afford anyway, health care cost and consumer debt going up, jobs getting lost, stock market is deteriorating slowly but surely and commodities gas & groceries seem to have no limit on how high they can go.  There really isn't anything anyone can do to correct this from all the articles I have been reading.  I guess like every level headed investor is saying is that the market needs to correct itself.  Crazy how the FED just makes matters worse by putting more money into circulation and lowering interest rates.  I thought Econ 101 teaches one that makes buying power decrease because the more capital that is out there and thus raises inflation.  There is no way these turkeys can fix this mess this time.  There is no more bubbles to create to bail us out here.  If this isn't  Armegeddon in the making, I don't know what is.

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#4) On March 07, 2008 at 5:41 PM, AntiRL (< 20) wrote:

What's happening in the U.S. is so unreal.  People losing their houses that they couldn't afford anyway, health care cost and consumer debt going up, jobs getting lost, stock market is deteriorating slowly but surely and commodities gas & groceries seem to have no limit on how high they can go.  There really isn't anything anyone can do to correct this from all the articles I have been reading.  I guess like every level headed investor is saying is that the market needs to correct itself.  Crazy how the FED just makes matters worse by putting more money into circulation and lowering interest rates.  I thought Econ 101 teaches one that makes buying power decrease because the more capital that is out there and thus raises inflation.  There is no way these turkeys can fix this mess this time.  There is no more bubbles to create to bail us out here.  If this isn't  Armegeddon in the making, I don't know what is.

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#5) On March 07, 2008 at 5:47 PM, abitare (58.11) wrote:

Actually, you just named the next bubble: food

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#6) On March 07, 2008 at 5:50 PM, AntiRL (< 20) wrote:

What's happening in the U.S. is so unreal.  People losing their houses that they couldn't afford anyway, health care cost and consumer debt going up, jobs getting lost, stock market is deteriorating slowly but surely and commodities gas & groceries seem to have no limit on how high they can go.  There really isn't anything anyone can do to correct this from all the articles I have been reading.  I guess like every level headed investor is saying is that the market needs to correct itself.  Crazy how the FED just makes matters worse by putting more money into circulation and lowering interest rates.  I thought Econ 101 teaches one that makes buying power decrease because the more capital that is out there and thus raises inflation.  There is no way these turkeys can fix this mess this time.  There is no more bubbles to create to bail us out here.  If this isn't  Armegeddon in the making, I don't know what is.

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#7) On March 07, 2008 at 5:53 PM, AntiRL (< 20) wrote:

Wierd, why this my comment post 3 times, I only hit submit once???

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#8) On March 07, 2008 at 5:57 PM, AnomaLee (28.88) wrote:


Wow, harsh criticism for such a generous guy



abitarecatania wrote:
"Actually, you just named the next bubble: food"

LOL @ there being a bubble in food prices

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#9) On March 07, 2008 at 6:55 PM, EScroogeJr (< 20) wrote:

Don't underestimate the Helicopter Ben. He knows that inflation will start with a certain time lag. He will let the banks pull their chestnuts out of the fire first, and then it will be a bailout for debtors and Zimbabwe for the rest of us.

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#10) On March 07, 2008 at 8:29 PM, Tastylunch (29.54) wrote:

 The Notorious B.I.G. probably said it best...

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