Federal Reserve / Ben Bernanke Blame Lack of Regulation for Wall Street Greed

Ben Bernanke, head of the Federal Reserve blames the Economic Collapse and consequential Occupy Wall Street protests on lack of regulation. Keep in mind that for 25 years the Federal Reserve fought against regulation (specifically derivatives and hedge funds) to this very moment.Their documented stance was that the markets, and consequently the economy, should be left to regulate itself. Amazing, huh?

http://youtu.be/hkOXhRTflFk

As always, all videos on my channel are posted for objective consideration and discussion, for the purposes of open thought and a deeper understanding of the world in which we truly live. They are not meant to dominate or dictate thought, they are for the purposes of information and additional contemplation.

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News & Politics

Tags:

• Wall Street
• occupy wall street
• federal reserve
• ben bernanke
• Federal Reserve System
• Ben Bernanke
• Economy
• Economic
• Crisis
• Collapse
• congress
• Sander
• Burgess
• bank
• regulation
• regulatory
• financial
• greed
• reckless
• derivative
• hedge
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• Dollar
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• senate

[crypto0102]

@cigansky Fed policy hasn't changed in 60 years.. and they have caused every major recession that ever occurred. And if you actually watched the video, and posted something relevant pertaining to this video... the fed has fought against regulation on derivatives and such going back to Reagan. DOCUMENTED FACT. Now, how about you actually go watch the video and watch your boy Bernanke lie? That is what this particular discussion is supposed to be about, not psychobabble on the Song dynasty wtf???

[crypto0102]

@cigansky You want to show me where I proposed backing paper with gold? Never did I say that, this system is too far gone for that. I propose CLOSING the federal reserve... and stop allowing an anonymous consortium of private, large investment banks a blank check in creating interest debt and printing money at whim while playing games with inflation and deflation to pad their own pockets. Ask yourself... would you like to be the guy who prints the money and charges interest for NOTHING? I would.

[crypto0102]

@cigansky child? wth are you talking about troll? The first share of stock ever issued was by the Dutch East Indies company. The Russell family, OPIUM traders. Go watch "the history of banking" on PBS if you want to watch a good documentary depicting EXACTLY how banking came to be. The system of banking as we know it was invented by a Scottish criminal who took over Europe's financial system. YEP. They figured out, they could lend out more money than what they held in their vaults.

[cigansky]

@crypto0102 You silly child, fiat currency has been around for 1000 years. The Song Dynasty didn't even know what germs were but they still knew more about banking than you do. Even when we were supposedly backed with gold we NEVER had enough gold to actually do so, only 50-20%. How do you expect to back dollars with gold when our economy is growing faster than they can mine it out? You might as well say we should back dollars with seashells, salt, or shiny beads. Go read a textbook.

[crypto0102]

@cigansky WOW, we actually have a cheerleader for the Federal Reserve...lol??? You have to be kidding me right? Yeah... let's go let a bunch of LARGE PRIVATE BANKERS print money indiscriminately, with NOTHING backing the money. Sounds like that will turn out great for everyone in the end, huh? Nothing bad could happen there right? Letting large world-gobbling private investment bankers print money and charge fiat interest for it? lol. I assume you are a fan of letting corporations run govt. too?

[crypto0102]

@cigansky Oh, and BEFORE you go on a Republican/Democrat rant... I am NEITHER. I do not believe ina bi-cameral legislature s we have been warned through history. I am NEITHER Dem or Republican. Thought I would save you the bother, as it seems you are trying to start some Bush vs Obama discussion? Go look at the men BEHIND them... as their cabinets consist of the EXACT same wall street insiders... going back through the last 4 administrations. ALL of who answer to the federal reserve.

[crypto0102]

@cigansky For your info, not that I actually understood what your post was about, but last year Obama extended Bush's tax cuts for millionaires to the tune of 852 BILLION dollars. His rationalization was that he did it to get the Republicans to pass 20 billion in unemployment extensions. Oh, and then they didn't pay the extensions because they eliminated Tier4 UC benefits in most states...lol. Sounds like a fair trade to me, huh? So... do some ACTUAL research before you troll..silly goose.

[cigansky]

And by the way, fed policy OBVIOUSLY changes depending on who's in charge of it and what they think is better for the economy and the country. You might as well say "Obama says the top %1 are getting too large a share of the economy, AND YET from 2000-2008 the executive branch was trying to get tax cuts for millionaires!" You silly goose.

[cigansky]

@crypto0102 So in other words, you have no experience about what you're actually talking about. "Common sense" is always the first respite of those who have none.

[ashwadhwani]

END THE FED OR FEED THE END !