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Couldn’t blame 0bama... that might be... RAAAYYYY SISSS!
better than blaming obama communism because that would be controversial
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Barney Frank , the Queeah from Massachusetts, and his comrade Chris Dodd are the real culprits. They set up the institutions that failed from the inside out.
The only Democrat to be punished was Eliot Spitzer.He was done in by Hank Greenberg for destroying AIG by allowing it to become the facilitating tool for Frank and Dodd .
Bernanke is an academic who has no clue about business. Why do we think someone with such an insular background should have the levers of economic power?
That is utterly ridiculous. The reason why the economy tanked is because the bubble popped, and Bernanke could push the string all he wanted and not stopped it. The reason why the Great Recession has turned into the longest recession since the depression (and it's a depression in some areas) is that Bernanke is far too loose trying to prop up a failed asset bubble rather than let it collapse so we can start over. Bernananke's only concerns are the banks. He will continue his insane policy of propping them up with carry trade deals and asset inflation until the day he is fired. Then perhaps we will have someone with enough sanity to realize that growth comes from long term investment (i.e. sound money) not asset bubbles in the market or real estate or zombie banks with cash flow from carry trades.
bttt
but wait a minute
isn’t a “fact” that “smart” people in charge of agencies like the Fed have no possible responsibility in creating economic boom-and-bust cycles, which are totally the fault of “free markets”, and which call for increasing the powers of agencies like the Fed, not blaming them!!!!!! /sarc