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This week the Senate will vote on the confirmation of Ben Bernanke for another term at the Federal Reserve Bank. :eek:
Ben Bernanke -- Chief Architect of America's Current Economic Crisis.
Is he really the guy we want to head America's Central Bank?
The former Fed chief Alan Greenspan has already confessed before Congress that he totally misunderstood the financial markets, thus contributing to the current financial crisis. Are we going to let the Politicians appoint yet another idiot to head our Financial system?
I'm going to do what I can to STOP our misguided and possibly corrupt Politicians from appointing idiot and possibly corrupt regulators.
I called my Senators yesterday and told them the above 3 points. I also emailed them.
I said that I would not vote for any Politician in future elections that is foolish enough to vote this week for Bernanke.
If WE don't get up off our rears and STOP the Politicians from enabling the Financial Elite, we will get what we deserve.
Spread the word !
Ben Bernanke -- Chief Architect of America's Current Economic Crisis.
Is he really the guy we want to head America's Central Bank?
- Bernanke was in charge of overseeing the Banks, yet he failed to control the Bank's reckless gambling that led to our current crisis.
- Bernanke repeatedly misjudged the grievous nature of the economic crisis, for example, claiming that the subprime mortgage crisis was "contained".
- Bernanke took no responsibility for his policy of easy money (low interest rates) that fueled the reckless speculation by the Big Banks and Wall Street.
The former Fed chief Alan Greenspan has already confessed before Congress that he totally misunderstood the financial markets, thus contributing to the current financial crisis. Are we going to let the Politicians appoint yet another idiot to head our Financial system?
I'm going to do what I can to STOP our misguided and possibly corrupt Politicians from appointing idiot and possibly corrupt regulators.
I called my Senators yesterday and told them the above 3 points. I also emailed them.
I said that I would not vote for any Politician in future elections that is foolish enough to vote this week for Bernanke.
If WE don't get up off our rears and STOP the Politicians from enabling the Financial Elite, we will get what we deserve.
Spread the word !