Honest Ben
By Barry Ritholtz - August 27th, 2009, 6:00PM
via Contrary Riches
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
August 27th, 2009 at 6:34 pm
maybe BB will be on the face of the $100,000 bill- which will- if we’re lucky- buy a loaf of bread- if not lucky-we can burn them by the wheelbarrow full in the fireplace to keep us warm during the long cold winter
August 27th, 2009 at 6:40 pm
Hey ahab maybe the new $1,000,000,000,000 might be more suiting for BB and besides this way we can get at least a little change back.
August 27th, 2009 at 6:41 pm
It wasn’t him.
Fed Chairman, Wife Were Struck by Identify Theft
Washington Post
As Federal Reserve Chairman Ben S. Bernanke struggled to hold the economy together last August, he was distracted by a more personal financial problem: He and his wife were victims of identity theft.
http://www.washingtonpost.com/wp-dyn/content/article/2009/08/27/AR2009082702276.html?hpid=topnews
August 27th, 2009 at 7:10 pm
@f411
As captain of your ship, do you plan on riding the entire thing down to Davy Jones Locker?
August 27th, 2009 at 7:41 pm
@f411
FREEDOM OF CHOICE
Devo
“A victim of collision on the open sea
Nobody ever said that life was free
Sank, swim, go down with the ship
But use your freedom of choice
Ill say it again in the land of the free
Use your freedom of choice
Your freedom of choice
In ancient rome there was a poem
About a dog who found two bones
He picked at one
He licked the other
He went in circles
He dropped dead
Freedom of choice
Is what you got
Freedom of choice!
Then if you got it you dont want it
Seems to be the rule of thumb
Dont be tricked by what you see
You got two ways to go
Ill say it again in the land of the free
Use your freedom of choice
Freedom of choice”
August 27th, 2009 at 7:54 pm
Irony.
Rumor has it Lincoln for all his reconstructed history presided over one of the most corrupt eras in American history.
Well hey, deja vu.
BS Obama, Ben and Frankie
August 27th, 2009 at 8:41 pm
DeadOnArrivial:
http://www.youtube.com/watch?v=9SDdq59WPCI
August 27th, 2009 at 8:42 pm
@CJ&T13thA
Classic! Ahead of their time…still!
August 27th, 2009 at 8:44 pm
But my favorite from that concert…
http://www.youtube.com/watch?v=xLcTrAvNw1g&feature=PlayList&p=26D5E5F6E34108CE&index=71
August 27th, 2009 at 8:58 pm
Honest Ben? What a hoot! Show us the books.
August 27th, 2009 at 9:02 pm
The Israeli Central Bank raised rates. This is the start of the global rate hikes.
http://www.npr.org/blogs/money/2009/08/sign_of_recovery_israel_raises.html
The Fed Chairman should raise rates soon too, a little, to get the markets to begin to adjust to the inevitable.
Ben Bernanke will go down in history as one of our best central bankers and one of the best things G. W. Bush ever did.
August 27th, 2009 at 9:02 pm
Priceless:
http://www.youtube.com/watch?v=7VeqP2uB0Ac
August 27th, 2009 at 9:03 pm
venndata-
hahahahahahha- good one
August 27th, 2009 at 9:05 pm
……and then there is this:
http://www.youtube.com/watch?v=fKQbGnfwRT4
http://www.youtube.com/watch?v=Cxe4ZVc7BeI
August 27th, 2009 at 9:32 pm
“Honestly, I thought foreclosures would be contained to sub-prime.”
August 27th, 2009 at 9:49 pm
i love the 666 and “bankrupt” in top left. clever….
August 27th, 2009 at 9:50 pm
@VennData
“The Israeli Central Bank raised rates. This is the start of the global rate hikes.
http://www.npr.org/blogs/money/2009/08/sign_of_recovery_israel_raises.html
The Fed Chairman should raise rates soon too, a little, to get the markets to begin to adjust to the inevitable.
Ben Bernanke will go down in history as one of our best central bankers and one of the best things G. W. Bush ever did.
—
First of all VD, you’re a couple of days late with that news…
…and as for your last comment…
Jeez I figured you were a tool, but C’MON!
August 27th, 2009 at 9:56 pm
Honest Abe/Ben?
Oxymoron. Either way.
August 27th, 2009 at 9:59 pm
What’s worse, VD, is that you’re simply an “Obama Tool”…
IOW – If the big O(rganizer) had nominated Summers to the position, you’d be here typing about how Bernanke was a “W” tool, and how Summers was a wonderful slab of fruit pie…
Do you actually have an original opinion on things?
August 27th, 2009 at 9:59 pm
Frankly, I never understood why some people have a strong-dollar fetish. A strong dollar is fabulous if you’re Saudi Arabia or China, but it’s terrible for the American people.
August 27th, 2009 at 10:02 pm
@VD
“The Fed Chairman should raise rates soon too, a little, to get the markets to begin to adjust to the inevitable.”
Actually, you probably made a good comment there. Trouble is, do you really think BB & Obama are interested in raising rates at the moment?
Answer: NO
Result: Only a “tool” supports either one with respect to the expedient outcome (for better or worse).
August 27th, 2009 at 10:03 pm
@f411
Jeez. It’s a heated competition between you & VD for “biggest tool” of the evening.
August 27th, 2009 at 10:33 pm
Iguess We’ll find out how honest our little friend is when the bailout beneficiaries are named, if we ever, throw a bunch of lawyers and congress handymen in there and it will soon go away.
As for interest rates, oh yeah, banks will raise them, not the FED though, someone has to make money out of this.
Bernanke is a genius and so was Greenspan.
August 27th, 2009 at 10:52 pm
Little Bro 411; Fetish = Sexual fetishism, or erotic fetishism, is the sexual arousal brought on by any object, situation or body part not conventionally viewed as being sexual in nature. Sexual fetishism may be regarded, e.g. in psychiatric medicine, as a disorder of sexual preference or as an enhancing element to a relationship. The sexual acts involving fetishes are characteristically depersonalized and objectified, even when they involve a partner.[1] Body parts may also be the subject of sexual fetishes (also known as partialism) in which the body part preferred by the fetishist takes a sexual precedence over the owner.
Money is power, power is sexy.
Up until the Fedral Reserver started corrupting the dollar, the dollar meant power.
Sexy = Fetish.
I can not understand why most people do NOT have a dollar fetish, but hell I’m stoned.
August 27th, 2009 at 10:58 pm
deadonarrival:
The Kurt Cobain quote about them is an all-timer.
August 27th, 2009 at 11:10 pm
So I don’t sound like like a complete sourpuss. Let’s recap the evening.
1. f411 doesn’t think a strong dollar is in America’s best interest.
2. VennData??? Well, he thinks “The Fed Chairman should raise rates soon” & that “Ben Bernanke will go down in history as one of our best central bankers”.
Now, if you combine the two viewpoints (both coming from the same side). If BB does raise rates, the markets will likely correct, AND, the dollar will likely strengthen.
Probabaly, a tanking market will cut the ‘popularity’ of the President to shreds, and cause higher unemployment (for companies such as Franklins beloved Boeing), due to export impacts.
On the other hand, if BB lets the dollar freefall, both he and Obama will end up being colossal clowns.
So what’s it gonna be guys? I’ll let you fight this out amongst yourselves.
August 27th, 2009 at 11:51 pm
http://www.google.com/hostednews/ap/article/ALeqM5iVQ7aK238JhNqa-R-VXdTcyRE75wD9A9IKMG1
I was expecting the RI government to shut down at least 13 days, better than expected news that stink.
August 28th, 2009 at 12:12 am
deadonarrival Says:
“1. f411 doesn’t think a strong dollar is in America’s best interest.
______________
A strong dollar is the worst thing that can happen to anyone carrying debt. We are the most indebted people (both publicly and privately) the world has ever known. If I’m not mistaken, a strong dollar is also bad news for any US exporter — especially those in highly competitive global industries — such as Boeing.
August 28th, 2009 at 12:21 am
Love the Jack McHugh piece that comments on the link that I posted. Senor Bernanke has to be embarrassed by this.
August 28th, 2009 at 1:37 am
Ben Bernanke will go down in history as one of our best central bankers
I tend to agree with you but that is like saying he is the best serial killer I have ever seen. Sure, he’s good, even great, at what he does, but you need to ask yourself what exactly is he doing?
August 28th, 2009 at 5:10 am
@call me ahab, I got some German D-Mark from the 20s, inflation was so rapid that they only bothered printing on one side of the bill. We’ll see if that’ll be the Honest Ben Bernanke side
August 28th, 2009 at 5:12 am
@Marcus Aurelius , you’re talking about total debt or per capita?
Japan, Italy, Belgium etc beat the US per capita
August 28th, 2009 at 8:15 am
@Marcus Aurelius
Precisely, a strong dollar is not a good thing for someone with debt.
Do you know what’s worse for someone in debt? S-P-E-N-D-I-N-G.
Especially mis-allocation of spending which leads to further speculation, ultimate failure, more stress to the system, and higher taxes down the road to cover up the mistakes.
August 28th, 2009 at 8:24 am
More like dishonest Ben…
Did you ever wonder exactly how the corrupt central bankers are propping up the collapsed economy in the U.S.?
http://www.chrismartenson.com/martensonreport/shell-game-how-federal-reserve-monetizing-debt
The Shell Game – How the Federal Reserve is Monetizing Debt
Conclusion
The Federal Reserve has effectively been monetizing far more US government debt than has openly been revealed, by cleverly enabling foreign central banks to swap their agency debt for Treasury debt. This is not a sign of strength and reveals a pattern of trading temporary relief for future difficulties.
This is very nearly the same path that Zimbabwe took, resulting in the complete abandonment of the Zimbabwe dollar as a unit of currency. The difference is in the complexity of the game being played, not the substance of the actions themselves.
Perhaps, CNBC, the Wall Street Journal and the other media outlets ought to should amplify Martensen’s findings instead of the usual morons and their propaganda aimed at the functional illiterates.
August 28th, 2009 at 9:19 am
John Kanas (former CEO of Northfork Bank, whose private equity firm recently bought BankUnited) on CNBC (I know, I know — Booooo) predicting additional upcoming 1000 bank failures:
http://www.cnbc.com/id/32581463
August 28th, 2009 at 1:52 pm
Hindsight is 20/20….thus I’m confident history will be most unkind to nearly all the main characters of this debacle.
And NONE of these motherfucker’s faces is going to be on our currency.
August 29th, 2009 at 4:04 pm
call me ahab Says:
maybe BB will be on the face of the $100,000 bill- which will- if we’re lucky- buy a loaf of bread-
Sorry, Woodrow Wilson in on the 100k. Maybe BB should be on the $13 bill, he’s obviously not very lucky.