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Politics : RAMTRONIAN's Cache Inn

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From: NightOwl	12/17/2008 7:06:48 AM
	1 Recommendation of 14464

Well... I think some questions need to be posed to Mr. Bernanke. And perhaps more importantly someone... with a very BIG stick... needs to apply some common sense to the resulting answers. I don't know high finance... from any other form of fraud... yet it appears obvious to me that his reading of post 1929 economic history is at least a tad bent if not completely warped. It's as though he has decided to challenge for the World Heavyweight Championship with both hands tied behind his back and a referee who is aware of only two rules: 1) head butting is prohibited; and 2) no kicking is allowed. Has he not learned that "shock and awe"... even amazingly creative "shock and awe"... is insufficient to bring down a committed enemy? Is he truly stupid enough to believe that the financial institutions which STILL can't even value their own capital risks and thereby paved the road to this Depression v2.0 are going to use the money he is spewing forth for anything other than their own security? Surely he cannot be expecting the "free" and private markets to take all the "free" money he's stuffing into their pockets and pass it on to some new and healthy economic base which will magically appear and replace the cesspool which was/is Wall Street? Where is all the money he's putting into the bottomless pit of this so called financial system really going? Does he even care? Is he truly intent on simply funding the black hole of this broken financial system... no matter what it takes? Does he NOT realize that government has the power to coerce rational lending and to force and direct employment? Where is the bang... for his many bucks? This is the same basic mistake that Greenspan made. You can keep putting all your water into a broken pot, but you're not going to store any water until you fix the pot. 0\|0

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