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Keyword: bernankesfault

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  • STEVE WYNN: What The Federal Reserve Is Doing Is What Bernie Madoff Went To Jail For

    10/10/2012 3:51:13 AM PDT · by dennisw · 18 replies
    businessinsider ^ | Oct. 9, 2012 | Rob Wile
    Casino magnate Steve Wynn was recently interviewed by Jon Ralston, host of "Face to Face with Jon Ralston," on Nevada's NBC affiliates. For much of the interview, he was highly critical of President Obama and his policies. This is not a new position. Wynn has gone after Obama in his company's earnings conference calls. What was new was his aggressive criticism of the Federal Reserve's current easy monetary policy, comparing quantitative easing to a Ponzi scheme: "The demand for American bonds wasn't as great as what it used to be. So what we did is what Bernie Madoff went to...