Thread: Economics The "Fed"
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Old 02-24-2014, 12:00 AM   #32
KC native KC native is offline
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Quote:
Originally Posted by scott free View Post
BS doubletalk... "free from Wall Street influence"... "free from political pressure".

It might have sounded good then, but human nature finds a way, and find a way they have to circumnavigate the system... its corrupt, period.

When they can tell Congress to go get ****ed instead of answering simple questions that this country has every right to ask, with NO fear whatsoever... its garbage, period.

I don't need some after school special cartoon to tell me that, either.
...The not answering of where the bailout funds was done for a reason. Bernanke and the other Fed governors felt that if they identified who received the bailout funds then there would be runs on those institutions thus necessitating the need for additional funds for those banks.

The context matters for that question (something CoMo and other fringe nut jobs ignore).

You can disagree with whether Bernanke should have answered that question without seeing some grand conspiracy (FTR, I disagreed with the non-answer at the time).
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