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+5
#3104 - schutzstaffel **User deleted account** has deleted their comment [-]
User avatar #3105 to #3104 - airguitar (07/05/2012) [-]
Has ABSOLUTELY no clue what he is doing. I have read a book about the bank bailouts with emails send between Bernanke and bank CEOs, etc. They seriously had no clue what they were doing, they just decided they had to bailout certain companies.. While not bailing out others in the same position. Terrible chairman of the Fed, not that anyone else there is doing a good job either.

And that's not even addressing quantitative easing.
User avatar #3231 to #3105 - techketzer (07/06/2012) [-]
They know exactly what they're doing, they're just not doing what you think they are.
User avatar #3235 to #3231 - airguitar (07/06/2012) [-]
What exactly do you mean by that?
User avatar #3236 to #3235 - techketzer (07/06/2012) [-]
They are trying to shift financial power from the nation and its people to corporations and banks.
And they are doing a terrific job.
User avatar #3237 to #3236 - airguitar (07/06/2012) [-]
Well then, I had originally been writing a huge response about how incompetent they are, but it turns out you have a point there. I'm not sure they necessarily know what they're doing still- a lot of their bailout policy was sporadic. But at the same time, they rip the country off all the time by dealing with treasury bonds from Goldman Sachs, whom many of the members had a connection with. So I can completely understand your point.
User avatar #3279 to #3237 - techketzer (07/07/2012) [-]
Same in politics. Either there is some invisible force preventing any halfway decently intelligent person from positions as representatives AND advisors, or they're simply traitors.

What's more likely, human treachery or invisible cosmic forces?
lol, don't take that too seriously.
User avatar #3174 to #3105 - szymonf (07/06/2012) [-]
and yet there is a highway named after him... i never understood how you can "build" monuments to commemorate people that are still in power
#3177 to #3174 - airguitar (07/06/2012) [-]
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I didn't even know that... Why would anything be named after him- the man has been terrible for the economy. This is the money supply the past century, it summarizes just ONE of his many faults.
#3178 to #3177 - airguitar (07/06/2012) [-]
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God dammit it's a GIF, here it is in non-gif format:
User avatar #3180 to #3178 - szymonf (07/06/2012) [-]
ya i just read up on him... and obama re-appointed him as chairman USFR...
maybe the USA needs some canadian conservatives...
User avatar #3184 to #3180 - airguitar (07/06/2012) [-]
"It's not based on any particular data point. We just wanted to choose a really large number"
- Fed Spokeswoman concerning TARP bailout money

Yea, really shitty move made by Obama. Luckily other shitty Fed/Treasury officials have been ousted- such as Henry Paulson. Paulson is one of the few I would say is, without a doubt, worse than Bernanke.
User avatar #3186 to #3184 - szymonf (07/06/2012) [-]
ya... according to bernakes wikipedia article, palson threatened to remove the Bank of America board if they were to stop a merger.
User avatar #3188 to #3186 - airguitar (07/06/2012) [-]
The man had seriously no idea what he was doing, he just wanted to have bailouts without cause and was mad with power.
User avatar #3191 to #3188 - szymonf (07/06/2012) [-]
i "never" liked the american government structure and its politics.
the role of the US government has changed from protecting only rich white land owners and yet that isnt visible today
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