Comments on: Fed: Financial Storm Still Taking Toll

Credit Crisis, Inflation Poses Major Challenge For Regulators, Says Bernanke

[whitemale08]

The first thing that Obama needs to do as President is fire this clown.

Ben Bernanke continues to play the "joker" by saying "we will continue to monitor inflation" when he hasn''t and inflation is out of control running rampant and by some economist around 15 to 20% a yea.

That''s higher then half of all 3rd world countries. And the guy continues to wipe out our savings by keeping interest rates way to low an artificial 2%.

Why would I own a passbook account to get such a lousy return. And don''t say invest in stocks because this "pump and dump" strategy where the markets are up 200 points one day and down the same the next day.

On avereage I haven''t made any significant gains since Bill Clinton left office and in fact after adjusting for hyper-inflation I''m being wiped out there too.

And now John McCain, another Republican, will be worse then George Bush because the guy admitedly knows nothing about the economy.

He believes that what Ben Bernanke and the Fed is doing is just fine and that "defecits don''t matter" so it''s ok to stay in Iraq for 100 years.

You have disgrace the Federal Reserve System and it needs to be shut down immediately because it''s a private cartel of banks who underwrite every major corporation in this country which means if they get in trouble then you''re there to bail them out.

We have no "free market capitalism" in America; only "rogue capitalism" run by crooked Republicans.

[gce65]

After the latest of many Wall St fiascos--the mortgage-backed securities scam--the rest of the world is going to be very wary of any "great financial investment deals" being offered in the future.

Just give Wall St a year or two, if they haven''t devised a new scam already, to come up with the next junk bond or overinflated stock or paper-value-only financial vehicle.

What other nations are investing in is American companies, American buildings and other solid, time-proven investments. No more scams from the Americans.

[ontheleft]

The economy is doing just fine for those who own seven houses.

[noloyalisti]

I like the way Bernacke and the Fed and the current government crime family pretends to care about us. The only reason they want us is to make us slaves to their corporate masters. Like Wal-Mart and the rest of the communist sympathizers. And Exxon and Chevron, using our tax payer funded military to go on CHristian Crusades for oil.

[deacon20081]

Bernanke repeated his call for Congress to provide new regulatory powers to insulate the economy from damage if a Wall Street firm collapses. He again urged Congress to give the central bank explicit authority to oversee systems that process payments and other financial transactions by investment firms and banks.
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When Big Brother controls all these transactions we the public have our lives turned on or off at the whim of politicians.
Don''t like this person? No sweat flip a switch and all of tha mans funds and credit history is erased.

[credibility2]

My apologies for the repeated posts; the "publish" button wasn''t working, or so I thought. So sorry folks!

[credibility2]

To walt1944: McCain made these remarks months ago at a debate. He has since changed his stance. Even the great Obama has done the same on many issues he was once committed too. The only problem is that when McCain does it he''s ridiculed and railed against for being out of touch, etc. But when Obama does the same type of thing, well, it''s because he now has clarity. Right! And, Obama made over $4Mil. McCain files his taxes separately from those of his wife and last year made less than $500K. At least McCain married into money and got all of the houses, but his wife controls most of them as income properties. Unlike Obama, who is very disconnected and gets his property by doing payback favors for indicted felons like Tony Rezko. And, remember Kerry and his wealthy wife Teresa, the Heinz heiress. Dems didn''t like it when Kerry was pounced on in 2004 by Repubs, much the same as Dems are pouncing on McCain in 2008! Perhaps some of you thought memories were short? There are also many many wealthy Dems, so don''t just blame the Repubs because of their wealthy status.

[credibility2]

To walt1944: McCain made these remarks months ago at a debate. He has since changed his stance. Even the great Obama has done the same on many issues he was once committed too. The only problem is that when McCain does it he''s ridiculed and railed against for being out of touch, etc. But when Obama does the same type of thing, well, it''s because he now has clarity. Right! And, Obama made over $4Mil. McCain files his taxes separately from those of his wife and last year made less than $500K. At least McCain married into money and got all of the houses, but his wife controls most of them as income properties. Unlike Obama, who is very disconnected and gets his property by doing payback favors for indicted felons like Tony Rezko. And, remember Kerry and his wealthy wife Teresa, the Heinz heiress. Dems didn''t like it when Kerry was pounced on in 2004 by Repubs, much the same as Dems are pouncing on McCain in 2008! Perhaps some of you thought memories were short? There are also many many wealthy Dems, so don''t just blame the Repubs because of their wealthy status.

[credibility2]

To walt1944: McCain made these remarks months ago at a debate. He has since changed his stance. Even the great Obama has done the same on many issues he was once committed too. The only problem is that when McCain does it he''s ridiculed and railed against for being out of touch, etc. But when Obama does the same type of thing, well, it''s because he now has clarity. Right! And, Obama made over $4Mil. McCain files his taxes separately from those of his wife and last year made less than $500K. At least McCain married into money and got all of the houses, but his wife controls most of them as income properties. Unlike Obama, who is very disconnected and gets his property by doing payback favors for indicted felons like Tony Rezko. And, remember Kerry and his wealthy wife Terese, the Heinz heiress. Dems didn''t like it when Kerry was pounced on in 2004 by Repubs, much the same as Dems are pouncing on McCain in 2008! Perhaps some of you thought memories were short? There are also many many wealthy Dems, so don''t just blame the Repubs on their wealthy status.

[tawpdawg111]

Ben-

It appears you are another of Bush inept appointees who couldnt successfully regulate so much as a game of slowpitch softball.

[underdogus87]

don''t worried be happy!! Im ready for the soup lines

[walt1944-2009]

Apparently Bernanke has not heard the diagnosis from John "THE GREAT LANDLORD" McCain who says that the economy is in great shape, jobs are plentiful, and prices are stable; all thanks to the "Ferengi" economic policies of the Great Emperor George W. Bush!!!!

Of course, McCain was talking about his own PERSONAL economy when he said this, and since he makes so much money, he has just stopped keeping track of it anymore allowing his staff to keep track of it for him!

Now, how can we expect McCain to be "fiscally responsible" with the government''s checkbook, when he doesn''t even know where his own checkbook is????? Perhaps Cindy will handle that for him when she becomes "first lady"!!!

SIG HEIL, BUSH!!!!!
sig heil, DADDY WARBUCKS, McCain!!!!!

[noloyalisti]

Mission Accomplished for the Reagan Republicans. The rich are sitting pretty while they destroy the government and take over the world for their friends, the big rich corporations.