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To: allendale

First, Bernanke and Geithner had zero to do with the continued deficit spending. That was all Congress and Obama.

Second, both Geithner and Bernanke were absolutely masterful in guiding us through the financial crisis of 2007-08. You might not like TARP and the other things they did at the time but they were the right things to do and they worked. Bernanke has also done a great job through accommodative monetary policy which is the exact right prescription for the massive asset deflation we have been experiencing over the last 4 years.

We have huge fiscal issue that will cause a financial collapse in the future if not addressed. But those were caused by our pathetic Congress (GOP and Dems alike) and our radical socialist president not Geithner and Bernanke.


31 posted on 01/15/2013 6:15:41 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: Wyatt's Torch
Second, both Geithner and Bernanke were absolutely masterful in guiding us through the financial crisis of 2007-08.

Geithner wasn't the Treasury Secretary in 2007-8. TARP was pushed by Bush and Paulson. So was the auto bailout. I don't consider the handling of the fiscal crisis to be masterful. It is just more kicking the can down the road and bailing out the big banks and insurance companies. Instead of being held accountable, the taxpayer picked up the tab. The huge Porkulus bill and increased spending has led to an additional $6 trillion being added to the national debt in four years. We will pay a fearful price for this "masterful handling" of the fiscal crisis.

The Fed has exceeded its authority and is operating without the proper oversight and control. Holding interest rates artificially low is helping to debase our currency and will eventually lead to the rest of world going to a different reserve currency. Once that happens, Goodbye USA, Hello Weimar Republic.

39 posted on 01/15/2013 6:37:01 AM PST by kabar
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To: Wyatt's Torch

Worked? All they did was debase the currency, postpone the necessary and inevitable restructuring that must occur ( including some sacred cow bankruptcies), and extended the credit card style living and faux lifestyle. Congress? Much more sympathy for Republicans who at least attempt to cut spending and understand the concept of productive capitalism. Bernacke and Geithner are simply horrible financiers of the vile Obama clown parade. They are little better than criminals.


58 posted on 01/15/2013 8:55:08 AM PST by allendale
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