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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (58318)2/16/2006 12:49:38 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 361679
 
funny how Ben is regarded as experienced in banking
he sat as a FED governor for three years
without any experience in the bank lending business

experience at the top, none in the trenches

he is smooth though
I like him much much much more than that arrogant fook Greenspan
Ben speaks clearly
he did not mince words on Fanny Mae woes
he did not mince words on China challenges

but he gets a "C MINUS" grade on comprehension of the financial challenges internationally and domestically
- trade gap
- retail consumption domination
- 4.1 to one ratio of new credit to GDP dollar produced
- dependence upon housing for general economy
- export of monetary inflation
- asset bubble dangers and how they gut the economy
- etcetera

/ jim