Fair or Fail: Will Bernanke keep on driving Fed Express train?
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@TheElectrickCompany Well yeh... but ban the FED then party hard.
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Beam me up Scotty. USA needs an enema.
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Nice tits!
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Man of the year? Just wait till its all over people will want his head
2 years ago 2
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"Wall Street moguls" were not bailed out.
The govt. injected capital into the banking system to restore investor confidence and stem a run on the whole US banking system due to the Lehman collapse and subsequent credit freeze panic.
The nine "Wall Street moguls" that were forced to accept the TARP capital injection have paid it all back with profit to the govt., except for Citibank.
Congress has enumerated and implied powers to regulate commerce and the monetary system.
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FED's been running a train on the American populace since 1913!
SSDD
I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.
- Federal Reserve Governor Ben Bernanke (Conference to Honor Milton Friedman, University of Chicago 2002)
Glad we have the Glass-Steagall Act...
...we don't?
Pity...
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@averageworkingal: It is the Constitutional duty of Congress for the allotment of tax dollars. There are NO Constitutional provision for bailing out banks, and/or Wall Street moguls.
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Congress didn't create the hundreds of trillion dollar CDS market and the trillion dollar mortgage CDO market.
Congress got out of the way of Ron Paul's "Liberty and the Free Market" and let it have it's way.
"Liberty and the Free Market's " way caused the Great Recession when "Liberty and the Free Market's" Lehman Bros' bankruptcy caused a "Liberty and the Free Market" global credit freeze.
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What for the American Russian news
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I had to watch this twice to know what the hell they were on about... Was distracted somehow...
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Bernanke is Time magazine's Man-of-The-Year?
Geez.........what's next?
Obama getting a Noble Peace Prize?
ooooops.......wait a minute.............
yo1dude1man 2 years ago 9
Thank You Russian Today for reporting both sides of the story.
CMLovejoy 2 years ago 7