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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (543347)	1/12/2010 6:42:17 PM
From: SilentZ	Read Replies (2) \| Respond to of 1574478

>Calling all Rs......tell us again why Bernanke is so bad. A couple of quick reasons: -His job isn't to make money for the Fed; it's to keep inflation down while keeping employment up. He's mostly abandoned the second part of that mission. -He didn't see the crisis coming, at all, and helped to bring it on. -He's pretty much always going to err on the side of the banking industry. It's where he's from and what he's about. Not the guy I want in the job. -Z

To: tejek who wrote (543347)	1/12/2010 7:16:47 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 1574478

Because he had a big hand in causing the problem. Made $46 billion on a $1 trillion investment. Better than nothing I guess. MM rates.

To: tejek who wrote (543347)	1/12/2010 8:00:17 PM
From: Road Walker	Read Replies (3) \| Respond to of 1574478

Federal Reserve earned $45 billion in 2009 Buy low, sell high(er). They picked the bottom... and they set the bottom with the rescue. It's going to written up in economics texts as the way to avoid a depression. Pretty amazing really. Now if they can handle the unwinding and the regulation going forward I would call it an economic genius... it there is such a thing.