Ben Bernanke

Is Everybody Sick To Death Of Hank Paulson Yet?

If you do not think Hank Paulson is an enemy of the United States after everything he has done in the last six months in regards to the original 3 Page Bailout Proposal, and now our Tax Dollars (Bailout Money) disappearing into the ether, take a gander at this! Treasury antes up in auto bailout Stepping into deeper waters to help the auto industry, Treasury Monday night added $6 billion to the $17.4 billion bailout announced Dec. 19, chiefly to help the financial arm of General Motors Corp. (emphasis mine) Using financial markets rescue funds, Treasury will purchase $5 billion…
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Is The Fed Following The Lead Of The One?

I suppose it is okay for the Fed to follow the lead of The One when it comes to refusing to disclose any important documents. Bloomberg: Dec. 12 (Bloomberg) -- The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral. Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression. The Fed responded…
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Want To Play Dominos?

Wow, the average American that was screaming to NOT bailout the banks and everybody else that has lined up since was right, and the guys who started the dominos falling, Paulson and Bernanke (besides backing The One), were wrong.  Please remember that all of the dominos started when the Fed stepped in and took over Fannie and Freddie and caused Lehman to fold because of it. (H/T to "Francis Of The Traders) From Bloomberg and make sure to go to this link and read it all: Nov. 24 (Bloomberg) -- The U.S. government is prepared to lend more than $7.4…
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