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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (75302)12/11/2006 4:08:35 PM
From: Joe Stocks  Read Replies (2) of 110194
 
Ben 'Bubbles' Bernanke has been working for the President for the last 4+ years. I would say that he is at best is now a career bureaucrat, and at least a career politician. You mention his academic credentials. I found this on Wikipedia and thought it was on topic.

"Due to the fact that Bernanke has never actually worked in corporate America in his lifetime, investors and some economists argue that he is not suited for his position as Chairman of the Fed, fearing that his lack of real life economic experience makes him more likely to institute theoretically attractive but practically untested policies."

In my opinion 'Bubbles' Bernanke is indeed now a political hack. Bubbles is tied at the hip to the Treasury department and keeps his job at the discretion of the executive branch. Now days...no way to get appointed or keep your job unless you play politics.
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