I was watching the circus currently performing on the hill.

Mr. Bernake claimed that the financial situation was like fighting a battle 'in the beginning a battle is chaos...'

EEEK...

If the battle field looks like nothing but chaos to a commander... THAT COMMANDER WILL LOSE.

What else did he say... "when the smoke clears is when you begin to get a sense of the battlefield".

EEEK even more.

The smoke clears only after the battle is OVER...

Bit late to get a 'sense' of the battlefield then...

Wouldn't you say?

don't get me started....then i'll never shut up

Good...

The more of us that DON'T shut up... the sooner congressmen and senators will shut-up...

and do the job right.

Even if we don't all agree they will at least know we ain't happy with them.

it just made me think of Geithner who didn't even pay his taxes until he got busted. but yet now he wants to have more powers over finance companies

I Concur! it'd be Nice if every Tax Paying Citizen could afford to Take a Few Days off and go the Washington Mall and Make Some Noise! but we all Need to be Good Doobies and Work so their Buddies can get Bailed out with our Money!

Tim Geithner Reminds Me of the Wormy Character in Billy Madison who wanted to take over the Company, he even Looks Like Him a Little!

Actually from what I have read and heard... He wants the ability to seize ANY corporation that is deemed to be 'hurting' the economy... And HE will determine what is 'hurting' and what is not...

Watch as corporations that can, head for parts unknown... Jobs gone, cash flow gone, economy tanked (more than it is) if he gets these 'powers'.

I Wonder if Congress can in act Legislation to tax the hell of the Products these Companies Make them pay Import Taxes?

i think maybe that's what's chapping my hide more about the whole thing....first I wouldn't let this guy balance a checkbook if he "forgot" to pay taxes but he handles our finances? the AIG fiasco was bad enough....what more? sorry AB...didn't mean to hijack your thread. i don't know much about Bernake...so I ranted off topic

Topic... How american are you?

If you are tired of 'change' that is not change... SPEAK UP!

If you are tired of watching our public servants act as though they own us... SPEAK UP!

every party from the beginning of time has their evils I am for the people...not politicians

Bernanke spent his undergraduate years at Harvard University and graduated with a BA in economics summa cum laude in 1975. To support himself throughout college, he worked during the summers at South of the Border, a roadside attraction in his hometown of Dillon. He received a PhD in economics from the Massachusetts Institute of Technology in 1979.

Bernanke taught at the Stanford Graduate School of Business from 1979 until 1985, was a visiting professor at New York University and went on to become a tenured professor at Princeton University in the Department of Economics. He chaired that department from 1996 until September 2002, when he went on public service leave. He resigned his position at Princeton July 1, 2005. Dr. Bernanke served as a member of the Board of Governors of the Federal Reserve System from 2002 to 2005. On February 1, 2006, he was appointed as a member of the Board for a fourteen-year term and to a four-year term as Chairman.

Bernanke is particularly interested in the economic and political causes of the Great Depression, on which he has written extensively. Before Bernanke's work the dominant monetarist theory of the Great Depression was Milton Friedman's view that it had been largely caused by the Federal Reserve reducing the money supply. Bernanke focused less on the role of the federal reserve, and more on the role of private banks and financial institutions. Bernanke found that the financial disruptions of 1930-33 reduced the efficiency of the credit allocation process; and that the resulting higher cost and reduced availability of credit acted to depress aggregate demand, identifying an effect he called the financial accelerator. When faced with a mild downturn, banks are likely to significantly cut back lending and other risky ventures. This further hurts the economy, creating a vicious cycle and potentially turning a mild recession into a major depression. Economist Brad DeLong, who had previously advocated his own theory for the Great Depression, notes that the current financial crisis has increased the pertinence of Bernanke's theory.

-wiki

sorry it's so long

ty quiet.