Comments on: Bernanke “Has Been a Failure” http://dailyreckoning.com/bernanke-has-been-a-failure/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 23:16:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: March http://dailyreckoning.com/bernanke-has-been-a-failure/#comment-43264 March Sun, 06 Dec 2009 09:42:39 +0000 http://dailyreckoning.com/?p=20849#comment-43264 How much money has Bunning accepted from the banks that Bernanke saved? The Entire congress is in the pocket of Wallstreet and he wants to chastise the FED? Look I am no fan of Bernanke, but you can't overlook what the senate did in the 1990 to allow for derivates trading How much money has Bunning accepted from the banks that Bernanke saved? The Entire congress is in the pocket of Wallstreet and he wants to chastise the FED? Look I am no fan of Bernanke, but you can’t overlook what the senate did in the 1990 to allow for derivates trading

]]> By: TC http://dailyreckoning.com/bernanke-has-been-a-failure/#comment-43218 TC Sun, 06 Dec 2009 03:10:53 +0000 http://dailyreckoning.com/?p=20849#comment-43218 Alan Greenspan set interest rate to zero and pumped about $3 trillion of credit into the economy to bubble up housing and consumer debt. When the Greenspan puff got popped, Ben Bernanke set interest rate to zero and pumped about $3 trillion of liquidity to the banks to bubble up their balance sheets. The net result is some $6 trillion of extra national debt. Over a period of less than a decade. This extra debt cannot possibly be paid by anybody in the country over 10 years old. They will be paid by the less than 10 year old, or yet unborn. But that too is impossible. This inter-generational debt will crush the country. There is no escape. Are these two people the definition of moral hazard? More. They are the definition of systemic treason. Alan Greenspan set interest rate to zero and pumped about $3 trillion of credit into the economy to bubble up housing and consumer debt.

When the Greenspan puff got popped, Ben Bernanke set interest rate to zero and pumped about $3 trillion of liquidity to the banks to bubble up their balance sheets.

The net result is some $6 trillion of extra national debt. Over a period of less than a decade. This extra debt cannot possibly be paid by anybody in the country over 10 years old. They will be paid by the less than 10 year old, or yet unborn. But that too is impossible. This inter-generational debt will crush the country. There is no escape.

Are these two people the definition of moral hazard? More. They are the definition of systemic treason.

]]> By: tony bonn http://dailyreckoning.com/bernanke-has-been-a-failure/#comment-42920 tony bonn Fri, 04 Dec 2009 23:09:27 +0000 http://dailyreckoning.com/?p=20849#comment-42920 go jim go!!! i about fell out of my chair reading those quotes....he has been reading my emails to some other senator.... go jim go!!!

i about fell out of my chair reading those quotes….he has been reading my emails to some other senator….

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