bobbyw24
Banned
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- Sep 10, 2007
- Messages
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Bernanke's REAL Legacy: Helping Goldman Sachs Fleece Us All
Submitted by Phoenix Capital Research on 02/19/2011 17:48 -0500
I’ve watched with first amusement, then disgust, and ultimately outrage as various pundits proclaimed Bernanke’s efforts “saved the financial system” or helped the US “weather the storm.” Bernanke did NO such thing. You could train a chimpanzee to hit the “print money” button at the Fed every-time the Fed phone rings with a Wall Street number and get the same results. To date, Bernanke has spent or put the taxpayer on the hook for some $24 TRILLION in bailouts, lending windows, and off balance sheet arrangements.
AND HE’S FIXED NOTHING.
http://www.zerohedge.com/article/be...+the+survival+rate+for+everyone+drops+to+zero)
Submitted by Phoenix Capital Research on 02/19/2011 17:48 -0500
I’ve watched with first amusement, then disgust, and ultimately outrage as various pundits proclaimed Bernanke’s efforts “saved the financial system” or helped the US “weather the storm.” Bernanke did NO such thing. You could train a chimpanzee to hit the “print money” button at the Fed every-time the Fed phone rings with a Wall Street number and get the same results. To date, Bernanke has spent or put the taxpayer on the hook for some $24 TRILLION in bailouts, lending windows, and off balance sheet arrangements.
AND HE’S FIXED NOTHING.
http://www.zerohedge.com/article/be...+the+survival+rate+for+everyone+drops+to+zero)
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