Comments on: Is the Criticism of Bernanke Warranted? http://www.nakedcapitalism.com/2007/08/is-criticism-of-bernanke-warranted.html Sun, 22 Nov 2009 02:09:47 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2007/08/is-criticism-of-bernanke-warranted.html#comment-468 Anonymous Tue, 21 Aug 2007 23:30:00 +0000 http://www.nakedcapitalism.com/2007/08/is-the-criticism-of-bernanke-warranted/#comment-468 And btw, you can get ready to party like it's 1929. This is the result of all the Republicans to undo the regulations put in place by FDR & Kennedy as a result of the first Great Depression. And btw, you can get ready to party like it’s 1929. This is the result of all the Republicans to undo the regulations put in place by FDR & Kennedy as a result of the first Great Depression.

]]> By: Anonymous http://www.nakedcapitalism.com/2007/08/is-criticism-of-bernanke-warranted.html#comment-467 Anonymous Tue, 21 Aug 2007 23:28:00 +0000 http://www.nakedcapitalism.com/2007/08/is-the-criticism-of-bernanke-warranted/#comment-467 The Fed bailout won't work. It only delays the inevitable.<br/><br/>Criticism of Greenspan is not only warranted, but justified. And Bernie too.<br/><br/>The last Fed chairman worth their salt was Paul Volcker. Maybe he'll be ready yet again.<br/><br/>Of course, we could get rid of the Fed altogether and solve some of our problems. The Fed bailout won’t work. It only delays the inevitable.

Criticism of Greenspan is not only warranted, but justified. And Bernie too.

The last Fed chairman worth their salt was Paul Volcker. Maybe he’ll be ready yet again.

Of course, we could get rid of the Fed altogether and solve some of our problems.

]]> By: Anonymous http://www.nakedcapitalism.com/2007/08/is-criticism-of-bernanke-warranted.html#comment-436 Anonymous Mon, 20 Aug 2007 11:11:00 +0000 http://www.nakedcapitalism.com/2007/08/is-the-criticism-of-bernanke-warranted/#comment-436 Sliding scale for Mistress Fed Fees:<br/><br/>Any signs of attempted domination, questionng fed methodology, issuing academic studies:<br/>100% last years profits.<br/><br/>Histrionics, throwing stuff, making unauthorised calls:<br/>75% last years profits.<br/><br/>Squealing, begging for more, whining, saying its not enough::<br/>50% last years profits.<br/><br/>Mention of overshoot, undershoot, errors in models, bootlicking, unquestioning obedience: <br/>25% last years profits.<br/><br/>Taking it like a man: <br/>The mistress will do this for free Sliding scale for Mistress Fed Fees:

Any signs of attempted domination, questionng fed methodology, issuing academic studies:
100% last years profits.

Histrionics, throwing stuff, making unauthorised calls:
75% last years profits.

Squealing, begging for more, whining, saying its not enough::
50% last years profits.

Mention of overshoot, undershoot, errors in models, bootlicking, unquestioning obedience:
25% last years profits.

Taking it like a man:
The mistress will do this for free

]]> By: a http://www.nakedcapitalism.com/2007/08/is-criticism-of-bernanke-warranted.html#comment-435 a Mon, 20 Aug 2007 10:53:00 +0000 http://www.nakedcapitalism.com/2007/08/is-the-criticism-of-bernanke-warranted/#comment-435 If the Fed bail-out really works, then it is time to begin taxing heavily profits of the IBs. They take risks. When the dice roll in their favor, they make lots of money and reward their employees with huge bonuses. But every five years or so, they suffer crises, when some of them should at least go belly up and lose everything. But they don't, because of the Fed, who rides to their rescue. So it looks pretty clear that all this money they are making in the good times is not because of galactic intelligences, as the IBs would like to claim, but simply because they have the faith and credit of the government on their side. It is time that they started to pay the fair rate for this service. If the Fed bail-out really works, then it is time to begin taxing heavily profits of the IBs. They take risks. When the dice roll in their favor, they make lots of money and reward their employees with huge bonuses. But every five years or so, they suffer crises, when some of them should at least go belly up and lose everything. But they don’t, because of the Fed, who rides to their rescue. So it looks pretty clear that all this money they are making in the good times is not because of galactic intelligences, as the IBs would like to claim, but simply because they have the faith and credit of the government on their side. It is time that they started to pay the fair rate for this service.

]]> By: Anonymous http://www.nakedcapitalism.com/2007/08/is-criticism-of-bernanke-warranted.html#comment-433 Anonymous Mon, 20 Aug 2007 10:00:00 +0000 http://www.nakedcapitalism.com/2007/08/is-the-criticism-of-bernanke-warranted/#comment-433 The statment change is of course the bigger error than the discount window dressing. Though both are dressing. The second represents a new outfit for the monthly fianciers' ball. The first announces a change in fashion for the coming season. Both are designed to convince Anna Wintour and the models that there are clothes. The statment change is of course the bigger error than the discount window dressing. Though both are dressing. The second represents a new outfit for the monthly fianciers’ ball. The first announces a change in fashion for the coming season. Both are designed to convince Anna Wintour and the models that there are clothes.

]]>