SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Knighty Tin who wrote (111938)3/6/2008 4:27:27 PM
From: Tommaso  Read Replies (2) of 132070
 
No matter what happens in elections this year, Ben Bernanke may get ridden out of Washington on a rail, and with some justification. I would not add that last phrase if he had not deliberately continued the worst policies of Greenspan's later years.

There's a guy who rents an office right next to mine, a very successful operator of a drycleaning business, about my age (old). I was just talking with him. From what he says, he credits Greenspan with making everything fine for years, and blames Bernanke for destroying it.

Bernanke knows that if there is a recession, and business turns sour, he will be blamed for it. But what his Fed is doing is creating a far worse situation that if he had just held firm and taken the flak. Unless he retires right now and applies for citizenship in New Zealand, he's going to lead a life that is as wretched as his life has been a pathway of honor up to this point. He's going to be regarded by the great majority of people as one of the greatest fools in economic history.

His big mistake was to imagine that he could manage what Greenspan had created. He's patsy of history. Worse than Kimmel and Short after Pearl Harbor.

I wonder what would happen if he committed himself to St. Elizabeth's Hospital (if it is still there in Washington).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News