Comments on: NY Federal Reserve Chairman Resigns Suddenly http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sun, 21 Mar 2010 13:05:35 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: NY Federal Reserve Chairman Resigns Suddenly - Jack & Jill Politics http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/comment-page-2/#comment-169707 NY Federal Reserve Chairman Resigns Suddenly - Jack & Jill Politics Fri, 08 May 2009 16:44:00 +0000 http://www.ritholtz.com/blog/?p=25988#comment-169707 [...] The Big Picture: NY Federal Reserve Chairman Resigns Suddenly By Barry Ritholtz - May 7th, 2009, [...] [...] The Big Picture: NY Federal Reserve Chairman Resigns Suddenly By Barry Ritholtz – May 7th, 2009, [...]

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/comment-page-2/#comment-169670 Mark E Hoffer Fri, 08 May 2009 15:42:22 +0000 http://www.ritholtz.com/blog/?p=25988#comment-169670 Macroprudential= "persistent surveillance" of the Financial infrestructure. 168. Track n' Trace is "Change we can believe in." Macroprudential= “persistent surveillance” of the Financial infrestructure.

168. Track n’ Trace is “Change we can believe in.”

]]> By: How the Common Man Sees It http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/comment-page-2/#comment-169578 How the Common Man Sees It Fri, 08 May 2009 14:09:17 +0000 http://www.ritholtz.com/blog/?p=25988#comment-169578 Macroprudential: Sounds more like a leveraged buyout ;) Macroprudential:

Sounds more like a leveraged buyout ;)

]]> By: How the Common Man Sees It http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/comment-page-2/#comment-169577 How the Common Man Sees It Fri, 08 May 2009 14:08:00 +0000 http://www.ritholtz.com/blog/?p=25988#comment-169577 @theseeker Says: May 8th, 2009 at 8:14 am <i>I doubt that much will happen at all. news coverage is really light on this story so I’m sure this guy will skate, like the rest.</i> Just watch and learn. Big stories that start out on Barry's site are usually front page news on the MSM in 6 months to a year. You are seeing the future @theseeker Says: May 8th, 2009 at 8:14 am

I doubt that much will happen at all. news coverage is really light on this story so I’m sure this guy will skate, like the rest.

Just watch and learn. Big stories that start out on Barry’s site are usually front page news on the MSM in 6 months to a year. You are seeing the future

]]> By: The Curmudgeon http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/comment-page-2/#comment-169551 The Curmudgeon Fri, 08 May 2009 13:21:33 +0000 http://www.ritholtz.com/blog/?p=25988#comment-169551 Word of the day: "Macroprudential", as in: "Looking forward, I believe a more macroprudential approach to supervision--one that supplements the supervision of individual institutions to address risks to the financial system as a whole--could help to enhance overall financial stability. Our regulatory system must include the capacity to monitor, assess, and, if necessary, address potential systemic risks within the financial system. Elements of a macroprudential agenda include..." (from Bernanke's speech yesterday) Definition: Macroprudential: Doing whatever it is that Goldman Sachs needs done in order to ensure the financial system it created to benefit itself is never compromised Word of the day:

“Macroprudential”, as in:

“Looking forward, I believe a more macroprudential approach to supervision–one that supplements the supervision of individual institutions to address risks to the financial system as a whole–could help to enhance overall financial stability. Our regulatory system must include the capacity to monitor, assess, and, if necessary, address potential systemic risks within the financial system. Elements of a macroprudential agenda include…”

(from Bernanke’s speech yesterday)

Definition:

Macroprudential: Doing whatever it is that Goldman Sachs needs done in order to ensure the financial system it created to benefit itself is never compromised

]]> By: wally http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/comment-page-2/#comment-169510 wally Fri, 08 May 2009 12:28:49 +0000 http://www.ritholtz.com/blog/?p=25988#comment-169510 Sad before, said again: we live in one of the most corrupt times in US history, as bad as or worse than the Grant years and the Harding years. The favoritism, cronyism, pork, grease, insider dealing and direct, open stealing are beyond anything seen in our lifetime and are as bad as any tinpot 3rd world country. Sad before, said again: we live in one of the most corrupt times in US history, as bad as or worse than the Grant years and the Harding years. The favoritism, cronyism, pork, grease, insider dealing and direct, open stealing are beyond anything seen in our lifetime and are as bad as any tinpot 3rd world country.

]]> By: theseeker http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/comment-page-2/#comment-169506 theseeker Fri, 08 May 2009 12:14:03 +0000 http://www.ritholtz.com/blog/?p=25988#comment-169506 @Moss: I doubt that much will happen at all. news coverage is really light on this story so I'm sure this guy will skate, like the rest. @Moss: I doubt that much will happen at all. news coverage is really light on this story so I’m sure this guy will skate, like the rest.

]]> By: danm http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/comment-page-2/#comment-169504 danm Fri, 08 May 2009 12:12:37 +0000 http://www.ritholtz.com/blog/?p=25988#comment-169504 They don’t even hide the criminality and fraud anymore. It’s just another regular day the Banana Republic of the U.S. ------------ They don't have to. When nearly everyone had skeletons in the closet, who's going to blow the whistle? They don’t even hide the criminality and fraud anymore. It’s just another regular day the Banana Republic of the U.S.
————
They don’t have to. When nearly everyone had skeletons in the closet, who’s going to blow the whistle?

]]> By: Moss http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/comment-page-2/#comment-169488 Moss Fri, 08 May 2009 11:27:55 +0000 http://www.ritholtz.com/blog/?p=25988#comment-169488 Emblematic episode which mimics behavior of elites in politics, sports and all other aspects aspects of American culture. I think people have become desensitized to it so it continues. At least Manny got suspended for 50 games. What will happen to this guy? Disgorgement of profits? Lets hope so. What will happen to Bush/Cheney for lies/torture? Emblematic episode which mimics behavior of elites in politics, sports and all other aspects aspects of American culture. I think people have become desensitized to it so it continues. At least Manny got suspended for 50 games. What will happen to this guy? Disgorgement of profits? Lets hope so.
What will happen to Bush/Cheney for lies/torture?

]]> By: km4 http://www.ritholtz.com/blog/2009/05/ny-fed-chair-suddenly-resigns/comment-page-2/#comment-169478 km4 Fri, 08 May 2009 09:41:22 +0000 http://www.ritholtz.com/blog/?p=25988#comment-169478 "Americans’ trust in the financial system has been “shattered” in the past 18 months.We’re going from a world in which folks at the top only talked to each other, and maybe their regulators on occasion.It was a very quiet and very private conversation involving billions of dollars. Once you take taxpayer money.... it’s a three-way conversation.” - Elizabeth Warren, Harvard law professor who chairs the Congressional Oversight Panel. “It really does fit the thesis of The Shock Doctrine,” said Naomi Klein referring to her book in which she exposes how governments and powerful corporations use disasters and upheavals to gain even more power. Almost $12 trillion is being spent to bail out the financial sector compared to only about $1 trillion being spent on economic stimulus. “My real concern is — has been my concern from day one — is that the crisis on Wall Street, created by deregulated capitalism, is not actually being solved,” continued Klein. “It’s being moved. A private sector crisis is being turned into a public sector crisis.” http://bit.ly/cX66J Bernanke calls for revamped banking oversight WASHINGTON – Federal Reserve Chairman Ben Bernanke on Thursday called for a holistic approach to strengthening oversight of the banking system to prevent future financial crises. Holy mackeral ! up is down, black is white, America is one big ponzi scheme The ministry of disinformation in Bush admin was so transparent and comical but these guys in the Obama admin think they are being taken seriously ? “Americans’ trust in the financial system has been “shattered” in the past 18 months.We’re going from a world in which folks at the top only talked to each other, and maybe their regulators on occasion.It was a very quiet and very private conversation involving billions of dollars. Once you take taxpayer money…. it’s a three-way conversation.”
- Elizabeth Warren, Harvard law professor who chairs the Congressional Oversight Panel.

“It really does fit the thesis of The Shock Doctrine,” said Naomi Klein referring to her book in which she exposes how governments and powerful corporations use disasters and upheavals to gain even more power. Almost $12 trillion is being spent to bail out the financial sector compared to only about $1 trillion being spent on economic stimulus.

“My real concern is — has been my concern from day one — is that the crisis on Wall Street, created by deregulated capitalism, is not actually being solved,” continued Klein. “It’s being moved. A private sector crisis is being turned into a public sector crisis.”

http://bit.ly/cX66J

Bernanke calls for revamped banking oversight
WASHINGTON – Federal Reserve Chairman Ben Bernanke on Thursday called for a holistic approach to strengthening oversight of the banking system to prevent future financial crises.

Holy mackeral ! up is down, black is white, America is one big ponzi scheme

The ministry of disinformation in Bush admin was so transparent and comical but these guys in the Obama admin think they are being taken seriously ?

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