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What Bernanke Wasn't Asked |
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| Apr 02, 2008 06:17 PM UTC |
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Tracked Blogger
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4/2 - "They just don't ask him the tough questions. They don't ask Bernanke why he supported 2 and 28 mortgages that are all resetting and causing tremendous pain. They don't ask him about how come he didn't recommend the investment banks to shrink their balance sheets. They don't ask him why he was so complacent and kept insisting the fundamentals are sound. They don't ask him..." "Because they don't, it is all hollow and brings us nothing but chatter about generalities that get us nowhere." 
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3 Related Views
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 47% risk: moderate |
Analyzing Bernanke's Testimony
4/2 - "This is the first time in recent memory I can recall his mentioning of the "exchange rate of the dollar" in testimony as being an issue. If nothing else, it does show that the issue is not being ignored and Bernanke does recognize that perhaps the single best tool he has against inflation currently is to take actions that inflate the value of the dollar."
"I think one would be real ha...
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Interest Rate Markets - Bursting Another Bubble?
4/2 - "With official rates now three percent below the cyclical peak almost two years ago, the market is beginning to sense that the Fed might have done enough. The Bear Stearns failure was met with customary optimism that the Fed would have to ease further. However, that point in time marked the high-point in expectations for more rate cuts."
"The decline in interest rate expectations follo...
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The Fed: Preventing a Global Meltdown Now and in the Future!
4/2 - "The Chairman made it very clear that the Fed will use all the tools at its disposal to deal with these situations as they arise. However, Dr. Bernanke implied that this is now a global problem, which cannot be solved by the Fed alone.
Both the legislative and the executive branches of government will need to become involved. They can no longer pass the buck to the Fed as the solution ...
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Comments (1)
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For the most part, I would say that about 80% of the questions/answers are staged for the benefit of the people on-hand. The FED screws up, and then wants more sweeping power, to do what? |
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