Y el sol volvió a brillar para Ben Bernanke
2009-09-23 23:50:00 Bueno hoy el todopoderoso presidente de la FED, Ben Bernanke nos ha anunciado, que vistos los brotes verdes, podemos afirmar que el sol vuelve por fin a brillar y que no sólo lo peor de la recesión ya ha pasado, sino que ya empezamos a crecer. En fin, no vamos a aguar la fiesta, pero ...
By: Gurusblog
Propaganda of a Rising Star: Ben Bernanke
2009-08-22 19:34:00 The Atlanta Journal and Constitution reports that Fed head Ben Bernanke is a "rising star" who, after a "slow start", is managing the financial crisis quite well, thanks.Perhaps he is, but knowing that Mr. Bernanke's Fed term is up in January 2010, my suspicious nature is more likely to see the current glowing reports on Mr. Bernanke's performance as propaganda meant to justify the fact that there's little chance President Obama will be replacing Bernanke in January. And the Wall Street culture continues to rule plutocratic America as numbers reports are fudged and are strategically released to create a 'special effect' - a mirage - of financial improvement. All in all, I'd have to say that the jury is still out on Mr. Bernanke's performance - at least it is on Main Street USA.Here's a round-up of stuff I've previously blurbed about Ben Bernanke including his Pre-Natal Eclipse details - his PE manifested its 18.6-year cycle on September 11, 2007 (perhaps you remember that ...
Administration to issue new Wall Street pay curbs
2009-06-10 16:35:00 Administration to issue new Wall Street pay curbs WASHINGTON (AP) ? An up-and-coming Wall Street executive might want to hold off on buying that condo in Aspen. The Obama administration is ready to issue broad new guidelines that would rein in pay at financial institutions. Eager to remove incentives that they say contributed to last year’s financial ...
By: TexasFred's
Paulson, Bernanke,.Bair, Et al, Take Actions to Stabilize Financial Markets
2008-10-14 21:12:00 The President's Working Group on Financial Markets made a statement today on a series of comprehensive actions to strengthen public confidence in our financial institutions and restore functioning of our credit markets.President's Working Group Announcement on Market Stability Initiative: Treasury Secretary Henry M. Paulson, Jr., Federal Reserve Chairman Ben Bernanke, FDIC Chairman Sheila C. Bair, SEC Chairman Christopher Cox, CFTC Chairman Walter Lukken, OCC Comptroller John Dugan, OTS Director John M. Reich.View in Real Player Format or you may View in Windows MediaFor the hearing impaired, view with captioning: View in Real Player format or you may View in Windows MediaStatement by Secretary Henry M. Paulson, Jr. on Actions to Protect the U.S. EconomyWashington, DC-- Treasury today issued the following statement by Secretary Henry M. Paulson, Jr. on actions to protect the economy and restore confidence and stability to our financial markets:America is a strong nation. We are a...
Paulson, Bernanke,.Bair, Et al, Take Actions to Stabilize Financial Markets
2008-10-14 21:10:00 The President's Working Group on Financial Markets made a statement today on a series of comprehensive actions to strengthen public confidence in our financial institutions and restore functioning of our credit markets.President's Working Group Announcement on Market Stability Initiative: Treasury Secretary Henry M. Paulson, Jr., Federal Reserve Chairman Ben Bernanke, FDIC Chairman Sheila C. Bair, SEC Chairman Christopher Cox, CFTC Chairman Walter Lukken, OCC Comptroller John Dugan, OTS Director John M. Reich.View in Real Player Format or you may View in Windows MediaFor the hearing impaired, view with captioning: View in Real Player format or you may View in Windows MediaStatement by Secretary Henry M. Paulson, Jr. on Actions to Protect the U.S. EconomyWashington, DC-- Treasury today issued the following statement by Secretary Henry M. Paulson, Jr. on actions to protect the economy and restore confidence and stability to our financial markets:America is a strong nation. We are a...
Fed to lend to companies in emergency move
2008-10-08 02:07:00 Fed to lend to companies in emergency move WASHINGTON (AP) - Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon. Stocks continued their free fall anyway and hit new five-year lows. The central ...
By: TexasFred's
Ultimate Solution To National Financial Crisis? Easy ? It?s Called ?One Wo
2008-09-21 21:48:00 President Bush, Fed Chair Ben Bernancke, Congress Mulling Obvious Solution To Mortgage Crisis — Sell Your Homes And Land To Foreign Countries’ Banking Institutions I, as has Congress, President Bush, and all of the “evil financial geniuses” in the wake of the largest... This is only a comment summary. Visit http://guntotingliberal.com to view the lastest content complete with some of the most outrageous original photoshops in the political blogosphere!
Media Drop Ball On Secret Conclave
2008-06-08 23:49:00 Update: Cryptome has photos. Is that Fed head Ben Bernanke or did someone steal his wax figure from Madame Tussauds? If you Bilder, they will come - flashing ambush photogs the bird...While the salivating one-dimensional mainstream media were foaming at the mouth over Hillary, the most significant, albeit unsexy, global story over the weekend taking place outside Washington, DC remained as virginal as Britney Spears used to be. Hillary was there. So was Obama. But no one's confirming. They HAD to be there but secretly... Here's The 2008 Bilderberg Public List. Previous attendees. If terrorists blew up the Chantilly, Virginia Marriott they would've taken out two-thirds of Europe's political and business leaders and a third of North American honchos. The 2008 Bilderberg Conference - usually in Europe (last year Istanbul) and not a chain hotel. No press. No press conference. Press release: "The meeting is is private in order to encourage frank and open discussion." Tell that to the...
By: Chickaboomer
Ben Bernanke and the Fed deviously stopped publishing M3 (money supply) on
2008-06-08 09:58:00 HousingPANIC made a stink about this when it happened back in March 2006. But barely a news story was written, and not a peep from Congress was heard.I think it's pretty obvious to most now that your government lies to you. Your government, burdened by a $53 trillion IOU, is in a position where it has to deceive you. And if you believe the government's inflation data, or social benefit promises, you are a fool.But I think it's getting tougher and tougher to hide the truth. Now it's out there for everyone to see.You can see it at the grocery store. You can see it at the gas station. You can see it with the sea of "foreclosure" and "for sale" signs up and down your street. You can fool some of the people some of the time... And thanks to shadowstats for showing everyone the ugly truth, even if we're no longer supposed to see it...
By: Housing PANIC
Forex Market Bell Rung by Ben Bernanke
2008-06-08 00:00:00 The Chairman of the US Federal Reserve Bank, Ben Bernanke, rings the forex market bell at a speech he made yesterday at an economic conference in Barcelona Spain. Helicopter Ben said the following: “In collaboration with our colleagues at the Treasury, we continue to carefully monitor developments in foreign exchange markets. The challenges that our ...
What Will The Federal Reserve Do June 25th?
2008-06-04 12:14:00 Fed Funds Implied Probability Ben Bernanke says US Monetary Policy is ‘well positioned’; Wachovia fell for second day after ousting CEO Kennedy Thompson; Analysis by Mark Howard, Barclays Capital Head of Credit Analysis. Ben Bernanke, Central Banking, Discount Rate, Fed Funds, Federal Open Market Committee FOMC, Federal Reserve, Monetary Policy, mortgage news, Mortgage Video, ...
Here's Paul Volcker, a giant of a man compared to Ben Bernanke, on the hous
2008-05-20 07:58:00 The damage that Bernanke has inflicted upon the United States won't be seen until a few years down the road. Similar to Greenspan, who was treated as a god when he retired, only to be seen as a corrupt and incompetent goat now.Volcker did what had to be done when it had to be done, and it was hard (but necessary). Bernanke on the other hand did what was easy. And you'll see down the line what that causes.
By: Housing PANIC
Mortgage Delinquencies and Foreclosures
2008-05-06 20:01:00 President Bollinger, Dean Hubbard, Co-Chairman Kravis, and distinguished guests, I am very pleased to be here and especially honored to receive the Columbia Business School’s Distinguished Leadership in Government Award. This evening I would like to offer a few thoughts on mortgage markets and the recent increase in the pace of delinquencies and foreclosures. My ...
[Dumbass] Federal Reserve Chairman Ben Bernanke, speaking in dire tones wit
2008-05-06 14:46:00 USA Today
Make sure you thank Ben Bernanke when you're at the gas station this weeken
2008-05-01 08:56:00 You know, because bailing out his rich banker buds was sure more important than you and your silly problems.
By: Housing PANIC
Housing Slump Continues?
2008-04-30 18:08:00 Housing prices continue to fall in 20 major metropolitan areas, according to the S&P/Case-Shiller home-price index released yesterday (Tuesday). The index dropped 12.7% in February from a year ago, a bigger drop than was anticipated and the largest decline since the index?s inception in 2001. The index has had back-to-back monthly declines since January 2007 as ...SHARETHIS.addEntry({ title: "Housing Slump Continues…", url: "http://jutiagroup.com/2008/04/-30/housing-slump-continues/" });
By: Jutia Group
3/18 FOMC Meeting Minutes Released
2008-04-09 16:39:00 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee - FOMC on Tuesday released the attached minutes of the Committee meeting held on March 18, 2008, and of the conference call held on March 10, 2008. The minutes for each regularly scheduled meeting of the Committee ordinarily are ...
Bear Stearns CEO On The Hot Seat
2008-04-06 02:40:00 Bear Stearns CEO Alan Schwartz was in the hot seat on Capitol Hill as lawmakers review rescue plan. In the days leading up to the fire sale of investment bank firm Bear Stearns, the company was the topic of rumors, speculation and fear that led the venerable Wall Street firm to the brink of ruin. ...
Savers - the most screwed class of all, hated by Ben Bernanke
2008-04-05 11:53:00 * Savings accounts, bonds and CD's paying pretty much next to nothing* The US dollar getting more and more worthless by the day* Inflation roaring (and a lot more than the government reports)* No safe alternatesBen Bernanke has pretty much told savers to go f*ck themselves, while rewarding people and businesses who racked up massive debts. I'll still take cash over debt (and steak over ramen) any day, but Bernanke is savers' public enemy #1 for sureThe US already has a negative savings rate, and with no incentive to save, I'm not sure how that will improve any time soon.But you want a solution? Congress needs to make interest earned on savings accounts and CD's 100% tax free. And they need to dramatically raise the limits on what can be saved in a Roth or IRA. Immediately. Now.But of course, they won't do that, as that would be the competent and correct thing to do. And they've got housing gamblers to bail out first. F*ck savers. F*ck under-consumers. This is America - lan...
By: Housing PANIC
Statement of Ben Bernanke Before the Joint Economic Committee (April 2, 200
2008-04-03 23:24:00 Testimony by Chairman Ben S. Bernanke, The Economic Outlook, before the Joint Economic Committee, U.S. Congress. April 2, 2008 Chairman Schumer, Vice Chairman Maloney, Representative Saxton, and other members of the Committee, I am pleased to appear before the Joint Economic Committee. In response to deterioration in the near-term outlook for the economy and intensified strains in financial markets, in recent...
By: Asiaing.com
The Specter Of Recession
2008-04-02 19:50:00 Earlier today, Fed Chair Ben Bernanke put a stake through the hearts of Pollyannas with his comments about the U.S. economy. The Wall Street Journal?s Sudeep Reddy wrote: Federal Reserve Chairman Ben Bernanke has uttered the ?R? word. Responding to a question at today?s Joint Economic Committee hearing, Mr. Bernanke said publicly for the ...
By: Boom2Bust.com
Obama's letter to Fed Chrmn Bernanke about the sub-prime lending crisis
2008-03-24 19:15:00 On Thursday, March 22nd, U.S. Senator Barack Obama's campaign released his letter to Federal Reserve Chairman Bernanke and Treasury Secretary Paulson urging them to immediately convene a homeownership preservation summit with key stakeholders to fight foreclosures driven by growth in the subprime mortgage market.It was overshadowed in the mainstream media by continuing dissection of the Phildelphia speech on values and race from Monday, and in the blogosphere by Hillary Clinton's Bosnia hyperbole,...or did she simply mis-speak? Well, it got everybody to stop talking about her tax returns. But while Senator Clinton wrestles with what may be a career-limiting memory lapse, it's worth noting that Obama hasn't lost sight of the impact this is having all across the U.S. despite the time-consuming nature of campaigning.DIGG it!
Gold & Oil Plunge, The Next Asset Bubble, Ben Bernanke?s Crib, and More!
2008-03-20 14:57:00 by Addison Wiggin & Ian Mathias Gold prices dive? the AF team tells you why and what to expect next Greenspan?s cuts created a housing bubble — our bet on where Bernanke?s cheap money will flow Frank Holmes on a $1.5 trillion growth story Has the market found a bottom? Dan Denning?s signal for when the crisis will ...
Federal Reserve Cuts Fed Funds Rate to 2.25 Percent From 3 Percent
2008-03-18 19:51:00 The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent. Recent information indicates that the outlook for economic activity has weakened further. Growth in consumer spending has slowed and labor markets have softened. Financial markets remain under considerable stress, and the tightening of credit ...
Will Ben Bernanke and the Fed just say "f*ck it" and take rates down to 0%
2008-03-18 12:22:00 He's gonna get there anyway, so might as well do it in one shot. They'll be calling him "ZIRPpy Ben" soon. The dollar is f*cked. It's screwed. It's FUBAR. It's toast. It's dead. Thank you Ben Bernanke. But at least we were warned. So what do you think Ben's gonna do today?
By: Housing PANIC
Paulson, Bernanke: Coin-Operated Boys?
2008-03-18 05:46:00 This morning, Bloomberg interviewed commodities investor Jim Rogers from Singapore (Bloomberg video link here). The chairman of Rogers Holdings spoke with Bloomberg?s Rishaad Salamat over the telephone about the U.S. Federal Reserve?s actions to calm financial markets, JPMorgan Chase?s buyout of Bear Stearns for $240 million, and his investment strategy. While I talked ...
By: Boom2Bust.com
Bare Stearns
2008-03-17 12:25:00 Attention Kmart shoppers! Blue light special on aisle 14! Bear Stearns on sale for two bucks a share. JP Morgan steals BS worth $170 a share a year ago. NYT Wash Post Federal Reserve Board head Ben Bernanke working all weekend to prevent the financial house of cards from collapsing. NYT The Fed gives JP Morgan a $30 bil loan to bail out Bear Stearns The collateral? BS's portfolio and management to prevent a ripple effect toppling all the dominoes. NYTThe Hang Seng is now known as "Hung Seng."
By: Chickaboomer
[Scary] Bush says Fed Chairman Ben Bernanke is doing a heck of a job on the
2008-03-14 22:42:00 Marketwatch
Next Fed meeting is March 18. What's Helicopter Ben Bernanke gonna do?
2008-03-07 08:21:00 * Gold at $1000 and soaring* Oil at $104 and soaring* Inflation roaring* Dollar at record lows* Home prices tanking* Stock market crashing* Economy going into the toiletAnd to complicate matters, it's an election year, and the incumbents are screaming at Ben to make the bad thing go away.So what's poor Ben do next?* Raise 1/4* No change* Cut 1/4* Cut 1/2* Outright panic and cut 3/4* End of the world and cut 1 full point* QuitAnd for the inflation / deflation discussion, it sure is looking as many have predicted here that we're seeing asset price deflation combined with commodity and consumables inflation, with a period of planned dollar destruction along the way.It's tough to imagine it sucking more than it does right about now. But remember, we're just starting. Alt-A and Option ARM are next.
By: Housing PANIC
Twittering Ben Bernanke
2008-03-07 01:30:00 Hilarious if you like getting a running hourly series of economic jokes through your day - follow BenBernanke on Twitter! The Dow close today (12040.39) x100 felt like prime number to me. Spent good chunk of afternoon checking. Prime factors are 79 x 15,241. about 8 hours ago from twhirl If someone doesn't muzzle The Hammer soon I'm going to take this to GWB. This is absurd. about 9 hours ago from web Marc Faber calls me a destroyer of value? Be serious. I had a predecessor, you know. about 13 hours ago from twhirl By leaving rates unchanged today, the ECB is playing chicken wit...
Ben Bernanke Walks into a Bar, Andrew Cuomo Appraises the Nation
2008-03-06 04:54:00 Jeez. The Clinton Obama show is killing comedy. Great jokes are getting lost in the sauce. Did you hear the one about Federal Reserve Chairman Ben Bernanke? Ben walks into a bar. A pair of antlers on his head. “Been cuckolded, mister?” asks a chippy, trying for a pickup. The bartender (a squirrelly guy with no chin) answers for Ben. “Nah– he’s just worried about stagflation.” Not. On February 28th, Fed head Ben told the Senate Banking Committee “I don’t anticipate stagflation”* and conveyed his willingness to keep cutting interest rates and inflating the price of food, fuel, and clothing, “I think you have your priorities straight” said Senator Even Bayh (D. Indiana). OK OK. Bayh only said good dog re the rate cuts, not the other stuff. Going for quick fixes and ignoring long term consequences is standard shtick in Congress. From the same trick bag: pushing the government-sponsored Enterprises (GSEs) Fannie Mae and ...
Taxpayer Bailout For Distressed Homeowners Right Around Corner?
2008-03-05 23:45:00 Earlier today, Bloomberg?s John Brinsley talked about how U.S. Treasury Secretary Henry Paulson may find it necessary to revise his strategy for dealing with record U.S. home foreclosures after Federal Reserve Chairman Ben Bernanke urged lenders to forgive portions of some loans. Bernanke, in a speech yesterday to bankers in Orlando, Florida, called for ...
By: Boom2Bust.com
Federal Reserve Chairman Ben Bernanke is urging banks
2008-03-05 16:00:00 Federal Reserve Chairman Ben S. Bernanke is urging banks to not only cut interest rates on some troubled mortgages, but to also cut the size of the size of the loans.
Ben Bernanke wants to reward failed housing gamblers and mortgage fraudster
2008-03-05 09:31:00 So let's say you commit mortgage fraud and take out a Liar's Loan for $500,000 even though you can't afford the monthly payments. Your new best buddy Helicopter Bernanke wants the banks to cut the loan amount to $400,000, but only for loans where the failed flipper stopped making payments.And for those of you who 'bought' homes you could afford, who didn't lie on your mortgage application, and who kept making timely payments, Bernanke says "f*ck you byatch - no bailout for you!"Crime and irresponsibility pay in America today. Doing the right, ethical and honest thing is penalized. And I think this desperate and pathetic brain-fart by Bernanke shows just how fast things are now spinning out of control.Bernanke urges banks to forgive portions of mortgagesSaying banks must do more to stem rising foreclosures, Federal Reserve Chairman Ben S. Bernanke called on lenders Tuesday to go beyond trimming interest rates on some troubled mortgages by cutting the size of the loans as well.B...
By: Housing PANIC
Bernanke Urges Banks to Forgive Portions of Mortgages to Stop Foreclosures
2008-03-05 02:58:00 Ben Bernanke gave a speech today where he is urging lenders to write down the principle of the loans to distressed homeowner is where the price has fallen. Is the Federal Reserve chairman breaking new ground on fed communication? No Tags
Headline Of The Day
2008-02-28 21:07:00 "Bernanke Says Sagging Growth Is Chief Concern" - New York Times "I recommend he see a doctor." - Jim Bohannon "The Jim Bohannon Show"
By: Chickaboomer
Helicopter Ben Bernanke say the US is nowhere near stagflation. So, what d
2008-02-28 17:59:00 Feels like a period of consumables and services inflation combined with asset deflation. Bonds scream recession and deflation. Gold screams inflation. And the data read recession.But hey, what do I know. Ben Bernanke, like Alan Greenspan before him, are gods and intellectual giants that should not be doubted, who do whatever is best for the American people regardless of the impact on bankers, incumbent politicians and Wall Street.WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress Thursday that the nation is "not anywhere near" the dangerous stagflation situation that prevailed in the 1970s.With the economy slowing and inflation rising, fears have grown that the country could be headed for the dreaded twin evils of stagnant growth and rising prices known as "stagflation.""I don't anticipate stagflation," Bernanke told the Senate Banking Committee.
By: Housing PANIC
Well, it looks like Helicopter Ben Bernanke and the Inkjets are doing a fin
2008-02-28 09:52:00 The rich get richer and the poor get poorer in Bernanke's America, but damn, aren't asset bubbles just GRRRREEEAAAATTT?At what point do the sheeple realize that the Fed should be burned to the ground?And what Bernanke bubble will end up getting the biggest (before its spectacular flame-out of course)?A) GoldB) WheatC) OilD) StocksE) EurosF) ArtG) _______
By: Housing PANIC
Does it concern you that the Chairman of the Federal Reserve, Ben Bernanke,
2008-02-10 15:07:00 I still can't believe this testimony from 2005, when then-candidate Bernanke had these words of wisdom for the monkeys in Congress who voted for him:"House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals, including robust growth in jobs and incomes, low mortgage rates, steady rates of household formation, and factors that limit the expansion of housing supply in some areas."Man, you'd have thunk a trained economist would have seen this one a mile away. The fraud, the CDO's, the SIV's, the corruption, the rampant speculation, the inventory, the corrupted commission-fueled REIC, the bought-and-paid-for Congress, and most importantly, the absolute lack of oversight or regulation by the Fed itself.Maybe he didn't want to rain on Greenspan's Medal of Freedom parade. Maybe he was telling the monkeys in Congress what they ...
By: Housing PANIC
?Tell Ben Bernanke To Go Home?
2008-01-31 16:55:00 Here’s Bill Donoghue of Marketwatch who’s Wednesday’s article gave me a "Dang, I wish I’d said that ." moment this morning.: [Thanks L!] SEATTLE (MarketWatch) — Call this the perfect financial storm or what you will; Wall Street has made fools of financial institutions around the world with their CMOs, CDOs, and greedy boo-boos. ...
By: HousingDoom
Is Ben Bernanke trying to create a new stock market bubble, to replace the
2008-01-27 12:02:00 And will he succeed?We've lost our manufacturing base, incomes are flat, the spending of the past six years was done on home equity, consumer debt is now the only new way to bring new money into the system, and if we don't get a new asset bubble soon to create wealth and drive spending, we're screwed.Consider these great quotes, from Bubbles Ben Bernanke, speaking right when the housing bubble was inflating in 2002. You owe it to yourself to read his whole reckless speech. You'll better understand what may be coming next. And my take - don't be a bull, don't be a bear. Be open minded, be prepared to react to new data, and when they change the rules to the game, remember they control the game."Aggressive bubble-poppers would like to see the Fed raise interest rates vigorously and proactively to eliminate potential bubbles in asset prices. To be frank, this recommendation concerns me greatly, and I hope to persuade you that it is antithetical to time-tested principles and sou...
By: Housing PANIC
"Ben Bernanke is a fool... who doesn't understand economics". You might wa
2008-01-26 08:24:00 I think most of us would agree by now that Ben Bernanke is a traitor and a fool.Well, there's one way to put your money where your mouth is.GET OUT OF US DOLLARS.Unfortunately most of you earn and spend US dollars too. You could ask your employer to start paying you in Euros or gold, but you'll just get a big laugh I'd imagine. So then a few of you might start asking yourself - "do I need to live in the United States anymore? Do I need to work for an employer who insists on paying me in US dollars?"And THAT will be an interesting moment in your life.
By: Housing PANIC
Here's the 30 year old trader who gave Bailout Ben Bernanke the excuse to c
2008-01-24 22:23:00 Bernanke has egg on his face today, as the real story on this week's worldwide stock market turmoil that had Bernanke panicking was one dude doing some trades in a back room.If it wasn't so strange, it wouldn't be true. So this guy, unbeknownst to Societe Generale, his employer, made £60 billion in bets on the Footsie and other indexes out there. Then this weekend he was found out, and the bank quickly sold off his positions, causing the markets to tank.And like the planes hitting the towers gave Cheney what he needed, this charade was the perfect excuse for Bank Bailout Ben to hop into action, dropping rates a historical 3/4 point in an emergency cut.Whoopsie! Now that the truth is out, will Banker's Best Buddy Bailout Bernanke and the Fed do the right thing next week and raise rates 3/4 point?Don't count on it. Like the bogus employment number a few months ago (that later was reversed) that had Ben and the inkjets cutting their first 1/2 point, they're looking for any exc...
By: Housing PANIC
Fed Curve Ball Gets Stock Market Out Of Tough Inning
2008-01-23 18:28:00 Message to the Federal Reserve. Nice curve ball. Pre-empting a massive stock market plunge on Wall Street, an hour before trading was to begin yesterday the Federal Reserve cut its benchmark interest rate by 75 basis points, the most in 23 years. As a result of the action, the Dow Jones Industrial Average plummeted nearly ...
By: Boom2Bust.com
Fed Curve Ball Gets Stock Market Out Of Tough Inning
2008-01-23 18:28:00 Message to the Federal Reserve. Nice curve ball. Pre-empting a massive stock market plunge on Wall Street, an hour before trading was to begin yesterday the Federal Reserve cut its benchmark interest rate by 75 basis points, the most in 23 years. As a result of the action, the Dow Jones Industrial Average plummeted nearly ...
By: Boom2Bust.com
What are the odds Ben Bernanke just says "f*ck it" and quits? Because he ne
2008-01-18 15:59:00 When America needed a sound, rational, moral leader at the Federal Reserve who would tell Congress and the American people the truth, and what they needed to hear, not what they wanted to hear (in an election year), we got Ben Bernanke instead.When we needed a steady hand on the wheel, who could guide us away from the financial abyss, we got Ben Bernanke instead.When we needed an intelligent and prescient economist who understood the seriousness of the credit bubble, housing bubble and mortgage mess BEFORE it all came tumbling down, we got Ben Bernanke instead.And when we needed a Fed Governor who would protect the US dollar and keep inflation in check as the Fed was required to do, we got Ben Bernanke instead.This is shameful. This is wrong. And Ben Bernanke needs to go. He's the wrong man at the wrong time and the results will be disastrous.
By: Housing PANIC
Ben Bernanke and the Fed are about to do something stupid, reckless and dan
2008-01-17 16:10:00 Look! In the sky! It's a helicopter!Panic is in the air. AND it's an election year.Get ready for the Fed to do something so stupid, so reckless and so treasonous, that you'll question your faith in the America. An act by corrupt unelected officials that will shake you and the world financial system to its core.Want to guess what it is? And are you ready?
By: Housing PANIC
Ben Bernanke To Speak To Congress Today
2008-01-17 15:16:00 Federal Reserve chairman Ben Bernanke heads to capitol hill today. He may encourage lawmakers to stimulate the economy. Bernanke will appear before the house budget committee today. (...)
Ben Bernanke To Speak To Congress Today
2008-01-17 15:16:00 [tag-cat]Federal Reserve[/tag-cat] chairman [tag-cat]Ben Bernanke[/tag-cat] heads to capitol hill today. He may encourage lawmakers to stimulate the economy. Bernanke will appear before the house budget committee today. Legislators are set to question the fed chairman on steps to avoid the first recession since 2001. Bernanke may also try to avoid backing away particularly from tax ...
Ben Bernanke is an economic terrorist - US inflation soars and the dollar i
2008-01-15 15:51:00 I hate Ben Bernanke. He knowingly made inflation soar and destroyed the US dollar in order to bail out his banker buddies - and he even failed there.Ben Bernanke should be arrested for treason against the American people. If you earn, spend or save US dollars, Ben Bernanke is your declared enemy. He is an economic terrorist and should be fought with any and all legal means available. There should be protests outside of the Fed's offices, and Bernanke should be hounded like the scoundrel he is.It's time to fight back people. Take this battle to the streets. Vent your rage. Contact your corrupt congressmen. Demand action. Or just say f it, admit defeat, find a job that pays Euros, and buy gold.Wholesale Prices in 2007 Up 6.3 PercentWASHINGTON (AP) ? Wholesale inflation last year shot up by the largest amount in 26 years while retailers suffered their worst December shopping season in five years as mounting economic woes caused consumers to put away their wallets.The Labor D...
By: Housing PANIC
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