The Financial Crisis Inquiry Commission is releasing its report Thursday.The New York Times has a preview of the report, which shows that the Commission will slam the right people for causing the financial crisis.Barry Ritholtz gives a good summary of…
Posts Tagged ‘bernanke’
Video of Bernanke and Geithner Trying to Get the Economy Unstuck
December 28th, 2010 |
No Comments
Here’s a leaked video of Bernanke and Geithner trying to get our economy unstuck:Bernanke and Geithner are driving the tow truck. The bulldozer which the tow truck is so persistently trying to yank free is Wall Street, and the white SUV being repeated…
Does Bernanke Look Like a Man Who is Confident About the State of the Economy and the Prospects for Recovery?
December 5th, 2010 |
No Comments
There is a lot to say about Bernanke’s comments on 60 Minutes today.Bernanke’s statement that unemployment is the biggest impediment to economic recovery is ironic, given that Bernanke’s policies have increased unemployment. See this and this.Harry Bl…
Bill Gross: Bernanke Running a Bigger Ponzi Scheme than Charles Ponzi
November 1st, 2010 |
No Comments
Bill Gross writes today:Check writing in the trillions is not a bondholder’s friend; it is in fact inflationary, and, if truth be told, somewhat of a Ponzi scheme. Public debt, actually, has always had a Ponzi-like characteristic. Granted, the U.S…
Bernanke Knew Back in 1988 that Quantitative Easing Doesn’t Work
October 2nd, 2010 |
No Comments
Ed Yardley notes:Two economists, Seth B. Carpenter and Selva Demiralp, recently posted a discussion paper on the Federal Reserve Board’s website, titled “Money, Reserves, and the Transmission of Monetary Policy: Does the Money Multiplier Exist?” …
Bernanke: We Must Raise Taxes and Cut Services • Sane People: No, We Need to Stop Endless Bail Outs, Imperial Adventures and Fraudulent Schemes
April 8th, 2010 |
No Comments
This week, both Bernanke and Volcker called for tax increases. Bernanke has also raised the possibility of reductions in entitlements such as Medicare and Social Security.As I pointed out last June:When the International Monetary Fund or World Bank off…
Lehman Fraudulently Cooked Its Books, Accounting Giant Ernst & Young Helped, Geithner and Bernanke Winked and Slapped Them on the Back
March 12th, 2010 |
No Comments
As William K. Black said a year ago, the government’s entire strategy now – as in the S&L crisis – is to cover up how bad things are (“the entire strategy is to keep people from getting the facts”).Paul Krugman and others pointed out that Geithne…
White Schools Bernanke on Basic Economics
March 5th, 2010 |
No Comments
William White – former head BIS economist, currently chair of the OECD’s Economic and Development Review Committee – is again schooling Ben Bernanke on economic fundamentals. In an article published in the December-January OECD Observer, White wrote…
“Bernanke Warned Congress On Wednesday That The United States Could Soon Face A Debt Crisis Like The One In Greece”
February 27th, 2010 |
No Comments
Bernanke is now joining Rosenberg, Ferguson and Faber, Edwards, Grice and many others in warning that the debt crisis rearing its head in Greece may spread to America, causing U.S. interest rates to climb.As the Washington Times wrote yesterday: With…
Bernanke: Pay No Attention to that Man Behind the Curtain
February 26th, 2010 |
No Comments
In July 2009, ten Congress members sent Fed Chairman Bernanke the following letter because they were worried that Goldman “is not changing its business model†but is instead “using its regulatory freedom to evade capital requirements and take out…
Bernanke to face lawmakers seeking answers on economic rebound
February 24th, 2010 |
No Comments
Federal Reserve chief Ben Bernanke goes to Capitol Hill on Wednesday carrying the weight of high expectations. The Fed chairman helped pull the US out of the worst recession since the 1930s. Now, lawmakers want to know what he can, or will, do to ease the jobs crisis and make sure the
McCain: Paulson and Bernanke Promised that the $700 Billion Troubled Asset Relief Program Would Focus on the Housing Meltdown
February 22nd, 2010 |
No Comments
The Arizona Republic reports: Sen. John McCain of Arizona … says he was misled by then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke. McCain said the pair assured him that the $700 billion Troubled A…
Senator Merkley: No On Bernanke
December 16th, 2009 |
No Comments
I received this by email. WASHINGTON, DC – Oregon’s Senator Jeff Merkley, a member of the Senate Committee on Banking, Housing and Urban Development, issued the following statement on his intention to vote against Ben Bernanke’s nomination to a …
Do Summers, Geithner and Bernanke Have to Share Credit for Saving the Banks with Drug Kingpins?
December 14th, 2009 |
No Comments
I have repeatedly criticized Summers, Geithner, Bernanke and the rest of the boys for their approach to “saving” the too big to fail banks. I have argued that they are trying to paper over the banks’ real problems instead of fixing them.I have pointed…
79% of Americans Want an Audit of the Fed, Only 21% are in Favor of Confirming Bernanke, and Only 20% Think Geithner is Doing a Good Job
December 6th, 2009 |
No Comments
79 percent of the American public is in favor of auditing the Fed, according to a new poll by Rassumussen. Because another 14% are not sure, that leaves only 7% opposed to an audit. And as Rassumussen, the support for auditing the Fed is nonpartisan a…
Bernanke Nomination on Hold
December 3rd, 2009 |
No Comments
I just received the following message from a Congressional source:Bunning, Sanders, and DeMint have holds on Bernanke, and Bernanke made some interesting comments on fiscal policy. DeMint tweeted that he will hold the nomination until there’s a vote…
Questions for Bernanke’s Senate Confirmation Hearing
December 1st, 2009 |
No Comments
The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment.Demand that the Committee ask the following questions for our esteemed Esteemed Chairman (and contact your own Senators also and demand that they…
Taleb: “I Will …Structure Trades With My Universa Friends To Bet On The Next Mistake By Bernanke, Summers, And Geithner.”
December 1st, 2009 |
No Comments
Famed financial expert and investment advisor Nassim Nicholas Taleb has revealed his new trading strategy:I will also structure trades with my Universa friends to bet on the next mistake by Bernanke, Summers, and Geithner.In an investing climate where …
Bernanke Blames Banks For Slow Recovery and High Unemployment . . . Then Gives Them a Pat on the Back and a Wink
November 16th, 2009 |
No Comments
As I have repeatedly written, unemployment will worsen because the too big to fails aren’t lending. See this.Bernanke just said the same thing:Federal Reserve Chairman Ben Bernanke on Monday blamed banks for slowing the recovery and keeping unemploymen…
Congressmen Grayson and Paul Ask Senate Banking to Delay Confirmation of Bernanke Until Fed Releases Information on Secret Bailouts
October 8th, 2009 |
No Comments
Below is letter text, and attached is the letter that was faxed to every member of the Senate Banking Committee. 10/07/09 Chairman Chris DoddU.S. Senate Committee on Banking, Housing, and Urban Affairs534 Dirksen Senate Office BuildingWas…