Archive for Ben Bernanke

Elizabeth Warren Does What Hillary Clinton Could Never Do

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YellenWarrenw212h202Do you want to know why there's a draft Elizabeth Warren movement growing by leaps and bounds? The answer is found by simply watching the Massachusetts senator calmly, quietly, and succinctly destroy Fed Chairman Janet Yellen.

You don't have to know anything about banking and finance to understand Senator Warren spelling out precisely that the Federal Reserve Board is still not doing its job. They're kowtowing to the huge money institutions and allowing "too big to fail" to continue.

What's below is priceless. Smart as Hillary Clinton is,  she could never do this:

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Audio- Glenn Beck: Obama Only Released Birth Certificate Today To Distract From Bernanke Press Conference

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/head hitting desk.

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U.S. Senate Confirms Ben Bernanke for a 2nd Term as Fed Governor

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By GottaLaff

http://a.abcnews.com/images/Business/70f219c9-da5a-4d91-85a9-643cc9210349_mn.jpg

Via a million e-mail alerts, but here's the one from the N.Y. Times:

The Senate confirmed Ben S. Bernanke to a second term at the
helm of the Federal Reserve. The confirmation was a victory
for President Obama, who had called Mr. Bernanke a critical
leader in the nation's recovery from recession, but the
rancor surrounding the vote also signaled the extent to which
the Fed, once little known to the public, has become the
object of populist anger over high unemployment and bank
bailouts.

Read More:
http://www.nytimes.com?emc=na

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The Other Plot to Wreck America

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By GottaLaff

http://graphics8.nytimes.com/images/2010/01/10/opinion/10blitt/articleInline.jpg

Frank Rich:

What we don’t know will hurt us, and quite possibly on a more devastating scale than any Qaeda attack. Americans must be told the full story of how Wall Street gamed and inflated the housing bubble, made out like bandits, and then left millions of households in ruin. Without that reckoning, there will be no public clamor for serious reform of a financial system that was as cunningly breached as airline security at the Amsterdam airport. And without reform, another massive attack on our economic security is guaranteed. Now that it can count on government bailouts, Wall Street has more incentive than ever to pump up its risks — secure that it can keep the bonanzas while we get stuck with the losses. [...]

Why was our money used to make these high-flying gamblers whole while ordinary Americans received no such beneficence? Nothing less than complete transparency will connect the dots. Among the big-name witnesses that the Angelides commission has called for next week is Goldman’s Blankfein. Geithner, Henry Paulson and Ben Bernanke should be next.

If they all skate away yet again by deflecting blame or mouthing pro forma mea culpas, it will be a sign that this inquiry, like so many other promises of reform since 9/15, is likely to leave Wall Street’s status quo largely intact. That’s the ticking-bomb scenario that truly imperils us all.

Please read the whole thing here.

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