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Source: Yahoo Finance

Category: Federal Reserve, Media, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “I Wish Bernanke Would Go Off on Congress”

  1. Frilton Miedman says:

    “… in 2006 when the former Princeton professor had just taken the helm at the central bank from Alan Greenspan, you find a man who had just raised the Fed funds rate to 4.5% amidst an economy that he said was performing impressively, despite inflationary pressures from high energy costs.”

    If only he’d been observing consumer debt to income levels back then, but then, I don’t think cheaper debt would have prevented the result of $145 oil and the consequential sub-prime defaults and their effect on “triple A” CDO’s..specifically not when it appears Goldman Sachs, Paulson and friends knew the only way to continue making money was to bet the other way around and corner oil futures to help it along to the downside.

    Apparently, Barclays was doing the same thing on a smaller scale at the same time – http://www.businessweek.com/news/2013-07-16/barclays-and-traders-fined-488-million-in-u-dot-s-dot-in-energy-probe

    All the above made possible through favorable deregulation in exchange for bribery through the very Congress that, yeah, Bernanke should go off on.

  2. Iamthe50percent says:

    Your words on the FED are golden. I wish Obama would appoint YOU!

  3. Robert M says:

    rom your lips to god’s and anyone elese who is listening w/ an open mind

  4. Willy2 says:

    The FED can’t go off on Congress because then they would be forced to expose their inability to control e.g. interest rates. This kind of hearings/gatherings are simply “dog & pony shows”. A good opportunity for Congress to do their posturing and for the FED to say as less as possible with too much words. Just another round of “Kabuki”.

    The FED doesn’t control interest rates, it simply follows what the market dictates.