http://www.youtube.com/watch?v=H9juJr8CSY4 This guy is a very specific if you want to argue the previous video. I can't figure out why just 7 months ago no one now cares in this country. This current congress should be thrown out of office and sued for their blatant idiocy and most likely theft of our economy! We are way too nice in this country.... we want to take care of the under priviledge and we want to care for the priviledge who pretentiously act like they have a frickin brain. we put our livly hoods in the hands of these jerks all because we don't want to think about the problem. we are betting it will go away. I'm not any more but i Barney and Chris are.
Bernanke has a tough job, and he doesn't get paid that much for doing it. No doubt he lies, but he is doing it because he thinks it is the best thing to do.
That might be so but why should Bernanke be treated differently from any ordinary CEO of a large corporation. If a CEO knowingly mislead investors or engage in deceptive practices, not only will he be sued and thrown out but possibly face jail time. So why shouldn't the same measure be put in place for Uncle Bernie who is essentially managing the biggest hedge fund (aka ponzi scheme) in history?
<p><a href="http://www.theonion.com/content/news/nation_ready_to_be_lied_to_about?utm_source=a-section">Nation Ready To Be Lied To About Economy Again</a></p> <p> </p> <p> </p>
Futures tanking on leak of stress tests. The banking sector is going to fall from the top of the ugly tree and hit every branch on the way down, and take the finance sector with it, which will drag down transports and just about everything else. Getting ready for the big retracement looking to begin soon.
<p> Maybe</p> <a href="http://market-ticker.denninger.net/...areholders-Poof!.html">this as well </a>
What we're really waiting for with the bank stress tests: http://www.advisorworld.com/2009/05...sts-and-what-they-mean-for-you-and-mr-market/
If the whole point of this nonsense is to gauge the strength of the banks in times of stress, then I must confess that I'm just as clueless as anyone. Why would these "too big to fail" banks need to raise capital when they can get it for FREE directly from the Fed at zero percent? Plus, Geithner stated in no uncertain terms that he would not let any of these banks go under, which means that he will sell his wife and children--well, after selling yours first--if he has to in order to bail out these morons. What's so surprising about this deal is that it's offered as an instant rebate without any strings attached. No mail-in crap of any kind that's usually associated with this type of promotion is required.
And where do you think all of the commodity inflation and crude going to $147 per barrel ( which crushed the buying power of the consumer ) last year came from? But don't worry . . . "it was good for the country"