[InvisibleChurch]

Bernanke. Funny names sound funny.

[dirtboy]

Hmm .. the Fed created over a trillon dollars of funny money and banks and industry used that funny money to prop themselves up.

And then folks wonder why we're not coming out of recession. Perhaps because companies didn't have to make the usual adjustments required to cope with a recession and to position themselves for growth in the rebound?

It's hard to run when you have a digestive tract full of rotten meat. The Fed corked up all of that bad meat in the economy instead of allowing normal economics to purge it.

[MichiganConservative]

Aren’t the rewards of letting the smartest guys in the room run the economy with monopoly money wonderful?

Hmmm. Why does that sound sort of like the central planning committees did in the Soviet Union. (For the Millenials, the Soviet Union was a communist country that practice the marxist idea of central planning. It collapsed. Russia now covers much of the geography.)

We’re smarter than the Russians, who are practically monkeys compared to our smartest guys in the room. Financial wizkids will show us the way.

[SE Mom]

I did a search for this- can’t believe it’s not getting all kinds of posts.

What can an average citizen DO about this? We are in debt up to our necks and we are bailing out Europe? WTH?!

[InvisibleChurch]

y e s

[neverdem]

"That's what we are paid to do," he said. "We took an enormous amount of risk with the people's money," he acknowledged. But the crisis lending programs are now all closed, he said, "and we didn't lose a dime, and in fact we made money on every one of them."

Now that we will have the House in January, that needs to be verified and the whole credit debacle dissected back to the Clinton administration and its repeal of the Glass - Stegall Act its and expansion of low income housing by HUD, Fannie and Freddie.