Comments on: Ben Bernanke's Greatest Challenge
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- I am simply appalled at the interview in which I viewed Sunday, And the overall untruths that were aired. The Federal Reserve and Bernanke should not be in charge of our Money supply. The Constitution did not allow for this and questions should have been asked to the unconstitutionality of the supposed Federal Reserve and how it came into existence in the First Place.
This is just typical Main Stream Medias attempt to cover up what is really on the Plate. Let everyone Know the truth heh! . What A Joke. I tell you what you should be covering is Ron Paul's H.R. 1207 and the medias attempt to not let the American People to make concise intellectual decisions . That is why we have a tyrannical Government in place today, that is turning our Great Republic into a supposed Democracy. You keep your Change and I will keep my Mind. - Reply to this comment
- I was surprised at the rosy picture you painted of Fed Chairman Ben Bernanke. Apparently Mr. Bernanke is a "wonder child" who apparently deserves only accolades.
Perhaps you forget that Mr. Bernanke sat in on every meeting with the presidents and ceo's of our failed investment banks. He knew well in advance about the huge bonuses given to top executives after having received taxpayer bailout money. He knew and did nothing. He also masterminded giving the hundreds of billions of dollars of taxpayer money to these failed banks. Giving this money to banks with no strings attached....such as requiring them to loan the bailout money to consumers and small businesses. This was bad judgement on his part. The banks took the money and sat on it, making our recession deeper. Mr. Bernanke says he'll know when there are signs of a turnaround when the banks acquire private equity. I say we'll know the signs of recovery when the average person or a small business can easily get a loan. - Reply to this comment
- Here is the economic plan in the USA.
Drive down the economy slow and hard to the breaking point.
This is done on purpose so once the dollar is about equal to that of India and China then pretty soon everyone will want to buy from USthen off shoring will come back as then when this happens offshoring will become expensive and prohibitive.
It is the worlds banks to try and make all nations economy about or near equal to each other in the terms of equal trade dollar strength. The last country that we will help is africa and in 20 years time soon all emplyers will choose africa aas the country after ASIA and Russia are too expensive to off shore to.
Think the above is lies? examine all you see and the economy will not rebound. it will get worse and worse.
this is not a republican or democrat or independant or a choice made by congress but by the bankers. - Reply to this comment
- We watched Mr. Bernake with great hope and were greatly disappointed.
My husband and I each have our own business and we have made a living for the past 20-plus years. The archetypal American enterpreneurs, no? We have no safety net: no one pays unemployment insurance, healthcare, retirement, disability, re-training, vacation or half of our social security requirement for us. This all comes out of our pockets, and we are not even eligible for unemployment. Our businesses have both have suffered significantly in the past year.
For us, and hundreds of thousands like us, the answer is two-fold: create work (and then people will once again hire our services) and provide good, affordable health care NOT tied into one's job.
Why, instead, are we bailing out the bankers/businessmen/speculators who messed us up so badly? They should be made to pay the consequences, not bailed out. Jail? Restitution? Are the regulators culpable? WE would be in jail for fraud if we cheated our clients. No one is bailing out our small businesses. - Reply to this comment
- Well AIG is his hot button well let me give you a story on that. American General Financial is part of AIG and they have my home loan. They refuse to redo the loan according to the Presdents package. They flat refuse to do any thing after we baled them out so they could keep their jobs. So you want to push another hot button push American General Finacial because I am not the only person that in this with them, my credit union tells me their really bad for this. You guys like hot buttons push this one.
Bill Goodman - Reply to this comment
- If Bernanke is so concerned with confidence why not start with putting these masters of the universe in prison, I guess in America if you rob people of thousands you go to prison, but if you rob people of billions you get a big fat bonus. America is doomed.
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- This may have been addressed above; I haven't read all the comments, but am impressed that there have been so many. Who decided that Scott would pitch only softballs? The network? Or was it a condition of the Fed? Note that the most important issue was
deftly avoided; namely, the unconscionable negligence of Mr. Libertarian Greenspan, who was shocked, shocked! that the markets did not regulate themselves. Maybe Bernanke felt he had to make nice to his ignoble predecessor. Buthow about at least a passing mention of the repeal of Glass-Steagal (sp?) which made it possible for the greedy, crooked UNREGULATED investment banks to wreck the housing market. - Reply to this comment
- Actually, I am a conspiracy theorist and I believe that this whole thing was planned down to the very last detail. These people are smart enough to pretend they were "asleep at the switch". Lies, all lies. Bernanke can do nothing without sanction from those who stand in the shadows. He takes orders just as all puppets do.
The men in the shadows have a plan. Hopefully, we won't be living in China when they are done working their magic. - Reply to this comment
- I am not so reassured that Bernanke's only concern is for the well being of Main Street, after learning that he has hired former Enron lobbyist Linda Robertson to handle public relations. for the Fed.
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- And Bernanke says the Fed is showing more transparency....Really??? When was the last time the Fed was audited by Con-gress??? Been a long while hasn't it, maybe never??? But it will be another long forever, since Sen. Shelby all but killed Ron Paul's bill to audit the Fed.
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