Now it is Bernanke's turn to be "To Big to Fail"

[sunskyfan]

http://www.cnbc.com/id/35103062

"Financial markets, which took a drubbing last week, have stabilized as Bernanke's confirmation began looking more certain."

[don]

Re: Now it is Bernanke's turn to be "Too Big to Fail"

http://www.cnbc.com/id/35103062

"Financial markets, which took a drubbing last week, have stabilized as Bernanke's confirmation began looking more certain."

Must be their guy

[Raz]

Re: Now it is Bernanke's turn to be "To Big to Fail"

"Jesse" has some excellent thoughts on the Fed and "Quantitative Easing" (massive counterfeiting). The essence is that once beginning the walk down this path eventually requires more and more and more intervention and manipulation until there is little left of a market economy.

Bernanke is an arrogant fool.

http://jessescrossroadscafe.blogspot...nners-now.html

[sunskyfan]

Re: Now it is Bernanke's turn to be "To Big to Fail"

Good article. Arrogance abounds in academia. Almost as bad as Wall Street or DC. The correlation isn't intelligence or education but unchallenged ideas by defacto isolation from reality.

[ggirod]

Re: Now it is Bernanke's turn to be "To Big to Fail"

until there is little left of a market economy.

Should you actually find a market economy somewhere in the US, point it out, please. Wall street programmed trades have taken over virtually every market with an automated fool harvester that rakes in the dough from anybody who's gullible enough and still has some.

[Raz]

Re: Now it is Bernanke's turn to be "To Big to Fail"

Should you actually find a market economy somewhere in the US, point it out, please. Wall street programmed trades have taken over virtually every market with an automated fool harvester that rakes in the dough from anybody who's gullible enough and still has some.

The United States had a Mixed Economy as opposed to what was once a Market Economy. At the rate we're going it will become a Command Economy, which will be a TOTAL disaster. (Unless one longs for the Soviet model.)

I share your concern and outrage at the FIRE Oligarchy that has purchased the two major parties (RepubliCrats). And as a Paleoconservative I'm deeply disturbed at the SCOTUS for its recent ruling. Technically it was correct; realistically it was a huge mistake, because it doesn't fit the reality of the world we presently live in.
A corporation is a distinct legal entity, but it is not a "person" as is a human being, nor is it a "free association" as is a voter's league.

I had my problems with McCain-Feingold but this ruling is not the answer.

[Ghent12]

Re: Now it is Bernanke's turn to be "To Big to Fail"

And as a Paleoconservative I'm deeply disturbed at the SCOTUS for its recent ruling. Technically it was correct; realistically it was a huge mistake, because it doesn't fit the reality of the world we presently live in.
A corporation is a distinct legal entity, but it is not a "person" as is a human being, nor is it a "free association" as is a voter's league.

I had my problems with McCain-Feingold but this ruling is not the answer.

I'm a rather strict Constitutionalist, and I think the ruling is appropriate; yet I also think changes should happen as well. The process of elections has changed drastically since our founding, yet our election law is only changed marginally and typically in an Unconstitutional way. All classes of people can vote rather than just those with "the most skin in the game" (if you'll pardon the pun) and the plethora of media with which to disseminate political ideas is nearly overwhelming. A Constitutional Amendment to address this and update our election law in a clear, iron-clad way would be appropriate.

On the matter of finding Unconstitutional laws to be Unconstitutional, the SCOTUS has my full support. I just wish that their priorities would be more relevant...

[bw]

Re: Now it is Bernanke's turn to be "To Big to Fail"

"Jesse" has some excellent thoughts on the Fed and "Quantitative Easing" (massive counterfeiting). The essence is that once beginning the walk down this path eventually requires more and more and more intervention and manipulation until there is little left of a market economy.

The key quote is an attention-getter:

This is becoming a pure 'command and control' economic financial engineering by the Fed, in which it sets rates by its decision, without engaging in market operations which could encounter headwinds against those policy decisions. It is similar in magnitude to the Fed monetizing Treasuries directly without subjecting interest rates to the direct discipline of the market. This is of a pedigree more in keeping with a command and control Five Year Plan than a market economy.

[sunskyfan]

Re: Now it is Bernanke's turn to be "To Big to Fail"

Speaking as a huge Free Speech advicate I disagree on the assessment that the SCOTUS made the correct decision Constitutionally. The critical mistake comes in not also making the ruling compliant with Equal Protection and Anti-trust laws. In techie speak there is a limited bandwidth for all speech. Any group of people cannot dominate the venue of speech anymore than a person or corporation can have a monopoly. If I had enough money to buy all the paper and all the broadcasting time and all the bandwidth of the internet I could defacto deny all others Freedom of Speech. The ruling assumes infinite bandwidth for expression in the public domain and that assumption is absurd. Freedom of speech comes from the same logic as "One man one vote" as should be protected from that perspective.