Posts tagged as:

Ben Bernanke

Bernanke Announces QE3

September 13, 2012

Federal Reserve Chairman Ben Bernanke announced that the Fed will purchase more than $40 billion a month of mortgage-backed securities, or in other words to embark on a third round of targeted quantitative easing as a way to help the stalling economy.  The markets rallied, Wall Street was smiling, and in no way was this [...]

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Depths of the Fed’s Bailouts Revealed

August 23, 2011

The scope of the Fed’s bailouts are revealed in this Bloomberg article from Sunday.  Be warned though, it elicits more nausea the longer you read it. Essentially, the bailouts were considerably more far-reaching than we were told, and despite nearly three years of new regulation, legislation, inconsequential hearings, and litigation, the fundamental reasons for the [...]

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Who Needs Economists When We Have Psychics!

June 25, 2011

Scouring the Internet today, I bumped into this CNN video posted at Malkin’s site: I knew it — Bernanke’s Moon sign tells us he’ll be happy sometime in the Fall;  hence the economy will be looking up!  On the other hand, Bernanke could be happy because he got news of a grandchild coming, or maybe [...]

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Oh That Woeful Economy!

June 1, 2011

Wall Street generally doesn’t like bad news and today it got some:  manufacturing’s down, the private sector only created about 38,000 jobs, and with new unemployment stats due on Friday, this could be a bummer of a week. But I don’t worry about Wall Street so much anymore.  When a possible misprint of a “b” [...]

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Bernanke Warns of Debt Explosion

April 14, 2010

Or in the Fed Chairman’s words, a debt “Armageddon” is on the horizon if we’re not careful.  Speaking to Congress today Ben Bernanke made that prospect clear along with imploring Congress to not let the Bush tax cuts expire.  However, he was talking to a Democrat-controlled Congress so perhaps he should have just made it [...]

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Ron Paul is Right on the Federal Reserve

June 30, 2009

Ron Paul has been pushing for transparency at the Federal Reserve for 26 years.  Suddenly, that proposal is getting more attention nowadays.  His bill simply asks for a full-fledged audit of the Federal Reserve – we want to know where our money is going, how much money they are handling, and anything else they’ve got [...]

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Obama Moving America To Economic Ruin

April 3, 2009

Anyone with even a basic understanding of idea of Economics will understand that when there is no balance between expenditures and receipts, disaster will usually become inevitable.  Sure, the average person or business that is deep in debt can refinance, perform balance transfers to new lines of credit, and move money around, but in the [...]

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AIG Bonus Outrage is a Distraction

March 18, 2009

The circus that  is the AIG Bonus Outrage is a typical Washington case of wag-the-dog.  The bonuses were retention bonuses to keep employees who were laid off as part of the AIG restructuring, but needed for a specified amount of time for a transition.  AIG was legally-required to pay these bonuses, and it was even [...]

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Bailout Timesuck

January 14, 2009

In the era of wasteful government bailouts comes a new timesuck, The Bailout Game, in which you get to play the part of Ben Bernanke at bailing out Wall Street! Have at it! H/T: NRO’s The Corner

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