Inhalin' with Palin !! Message Board

STOCKTALK

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 : Inhalin' with Palin !!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ChinuSFO who wrote (327)	10/11/2008 8:50:24 PM
From: IRWIN JAMES FRANKEL	1 Recommendation Read Replies (1) of 358

Don't get me wrong. I do blame Bernanke. He runs the Fed. He is responsible (along with the other governors) for monetary policy. That policy was being screwed up by Greenspan and Bernanke continued it. I have been complaining about this for several years not just a few months. >>Right until 2 months ago both Paulson and Bush were saying everything is great. True. I see two issues there. First, it is possible that neither Bush nor Paulson understood the problem we faced. The ignorance on the problem runs to the highest ranks. Second, leaders are inherently conflicted with giving bad news. If they do, it can be self-fulfilling. Thus, leaders are forced into giving the best outlook lest they create or trigger the problem. So some level of deception is inherent - IMO. But blame Bush if you like. Unfortunately, neither Obama nor McCain understand the problem. I would add that it is a crap shoot which will field the better financial types to deal with the problem. I give Obama a slight edge. ij I doubt Bush does even now. Not sure Paulson does. There are so many aspects to the problem that most see the details and not the real problem. Kind of a fog-of-war problem.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next