What Would You Ask Ben?
#21
Posted 27 April 2011 - 05:52 AM
#22
Posted 27 April 2011 - 06:21 AM
www.bubbleshort.blogspot.in My Blog with focus on markets and "Act" of trading
#23
Posted 27 April 2011 - 07:07 AM
#24
Posted 27 April 2011 - 07:46 AM
#25
Posted 27 April 2011 - 07:49 AM
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#26
Posted 27 April 2011 - 07:57 AM
#27
Posted 27 April 2011 - 08:33 AM
You're part of the press pool for Wednesday's NEWS conference...what serious question would you ask the Chairman?
Ok! I'll have a go....
"Mr Chairman does this first ever Fed news-conference,with more to follow prove that you and the Fed are worried about a perceived 'credibility' gap
between your collective actions/statements since 2007/08 and the folks who live on main street(i.e..the real world folks) hence you can't build any genuine confidence in
the USA and it's consumers/citizens?"
Regards.V
#28
Posted 27 April 2011 - 08:36 AM
Are you telling us the truth? Why Yes I am.
YOUR FIRED!
You're part of the press pool for Wednesday's NEWS conference...what serious question would you ask the Chairman?
Fib
Edited by CRUISENAL, 27 April 2011 - 08:37 AM.
#29
Posted 27 April 2011 - 08:53 AM
How about this one?
"Dr. Bernanke, it is the mission of the New York Fed to make sure that the overnight auctions of excess reserves among member banks take place at a Fed Funds rate which is close to the target that the FOMC sets. Back in September 2008, just ahead of the Lehman collapse, the target rate was 2.0%, but the effective rate was allowed to rise all the way up to 2.64%, and it got as high as 2.80% just after Lehman declared bankruptcy. The resulting collapse of the stock market was a big factor in terms of tipping the presidential election to then-Senator Obama. At the time of the Lehman collapse, Treasury Secretary Timothy Geithner was the president of the New York Fed, with the responsibility of making sure that the overnight auctions see plentiful enough liquidity to hit the Fed Funds target. Secretary Geithner clearly did not do that in September 2008, and now he works as Treasury Secretary for the president whose election he brought about by failing to manage the liquidity of the banking system. Does that chain of events lead you to wonder what part the Obama campaign team may have had in bringing about one of the worst financial crises in our nation's history?"
Ben would probably leave the building on that one.
Hmmm, i so innocently believed that this housing bubble and derivatives mess were what lead to the crises. The real truth was causing a global financial destruction to get a certain president elected eh ?. Nice conspiracy theory. I will give you 1/10 for attempting.
You could see what was coming years before Obama was a speck on the radar. Certainly it was obvious by early 2007. Heck, we were talking about the situation at FF by late 2006.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#30
Posted 27 April 2011 - 09:45 AM