To: mishedlo who wrote (106525 ) 1/15/2010 2:33:14 PM From: Skeeter Bug 1 Recommendation Respond to of 116555 >>Bernanke's tactics are much like that of a squid, spraying clouds of ink, hoping to hide the real issues and confuse the inept.<< MISH, obfuscation is a large part of bernanke's job as the front man for the criminal banking cartel that is looting america. bernanke is a criminal and internal economic terrorist, not an inept academic. i've outlined the obvious reasons why this is true here...Message 26247983 every action that added to the bottom line of the banks was the action that was taken by the fed. they saw the bubbles, they are just lying to the public to cover their tracks. they didn't stop the bubbles b/c the banks were over leveraged and couldn't take a decline in the bubble (until debt saturation forced their hand this time around). a fed banker even admitted this (even if accidentally):market-ticker.denninger.net He added, “If the asset prices contain reliable information about future inflation and output, then the Fed might respond to the bubble using monetary policy, but the focus would not be on responding to the bubble per se. Another alternative would be to use regulatory, supervisory and lender of last resort powers for financial stability, but financial institutions would need to be capable of withstanding large shocks to asset prices, as well as other shocks.” they saw the bubbles, but they knew the over leveraged banks couldn't handle anything less than bubble run ups so they not only let them go, their solution? INCREASE their leverage! there is no academic theory for that decision, just the greed behind the criminal banking cartel. btw, i don't use the terrorist lightly, either. "give the criminal banking cartel whatever it wants or the economy will be blown up" is a terrorist threat. think of it this way, the banking cartel isn't going to put an independent academic in control of the fed. they will put their most loyal mobster in such a position. just like criminal geithner. his crimes were over looked due to his loyalty to the banking cartel. america is being systematically robbed by these people - bernanke and geithner are their front men.