All Posts Tagged With: "Ben Bernanke"

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Washington Post Goes Hysterical as Ron Paul Tries to Drive Stake into Heart of Federal Reserve

It was enlightening to see the pathetic “editorial” in The Washington Post which attacked the idea the Federal Reserve needs to be reined in, and that an audit of the Fed, as proposed by an amendment introduced by Texas Republican Ron Paul, would be devastating to the ability of the secretive and arrogant organization to [...]

December 21st, 2009 | Gary | Comments | Continued
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Senate Banking Committee Confirms Bernanke for Second Term, Goes to Senate Floor for Full Vote

While it’s not certain Federal Reserve Chairman Ben Bernanke will be confirmed for a second term by the Senate, he has taken one more step toward that probably being the case, as the Senate Banking Committee voted 16-7 to give the beleaguered Bernanke another four-year stint at the Federal Reserve helm.
As usual, Senator Jim Bunning [...]

December 18th, 2009 | Gary | Comments | Continued
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TIME Chooses Fed Chairman Ben Bernanke As 2009 Person Of The Year

After much consideration, TIME Magazine announced that Federal Reserve Chairman Ben Bernanke has been names its 2009 Person of the Year.  According to TIME managing editor Richard Stengel, Bernanke edged out General Stanley McChyrstal, who heads up the U.S. troops in Afghanistan.
While appearing on the TODAY show Wednesday morning, Stengel said Bernanke received the nod [...]

December 16th, 2009 | mitch | Comments | Continued
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Morgan Stanley (NYSE:MS) Asia Chairman Stephen Roach Says Federal

At a recent conference in Berlin, Morgan Stanley (NYSE:MS) Asia Chairman Stephen Roach said that the Federal Reserve is the “weak link” among central banks, and they could create another financial crisis, beyond the one they already created, by no taking the liquidity out of the U.S. economy in a sound manner.
The major concern of [...]

December 14th, 2009 | Gary | Comments | Continued
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Keynesian College Economist Weenies Come to Aid of Their Hero Ben Bernanke in Opposition to Ron Paul’s Audit the Fed Bill

Evidently reading a script that was probably written by Ben Bernanke himself, a small number of college economists wrote a letter to the Senate Banking Committee and House Financial Services Committee saying the tired, worn out old line that if the Government Accountability Office audits the Federal Reserve, it would cause serious harm to the [...]

December 8th, 2009 | Gary | Comments | Continued
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Ben Bernanke Lectures Gordon Brown and Britain in Hopes of Maintaining Status Quo at Federal Reserve

Ben Bernanke is looking more anemic and pathetic every day that goes by, as now the disastrous Chairman of the Federal Reserve, in an attempt to shore up his position at the Federal Reserve, and the Federal Reserve itself, is using Gordon Brown as a scapegoat in an attempt to make it look like his [...]

December 4th, 2009 | Gary | Comments | Continued
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Kentucky Senator Jim Bunning Slams Ben Bernanke at Senate Banking Committee Hearings

Former major league baseball player and hall of famer Jim Bunning, Senator from Kentucky, put Federal Reserve Chairman Ben Bernanke’s feet on the hot coals today, as he laid into him for his performance in his first four-years at the Fed. He also had a few choice words for former Federal Reserve Chairman Alan Greenspan, [...]

December 4th, 2009 | Gary | Comments | Continued
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U.S. Senator Jim DeMint Will Hold Bernanke Nomination Until Senate Votes on Auditing the Federal Reserve

Things were definitely not boring at the confirmation hearing of beleaguered Federal Reserve Chairman Ben Bernanke today, where he stood before the Senate Banking Committee to decide on whether he would be awarded a second four-year term as head of the secretive agency.
One of those interesting moments came when U.S. Senator Jim DeMint (R-South Carolina), [...]

December 4th, 2009 | Gary | Comments | Continued
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Former Fed Governor Frederic Mishkin Says the Federal Reserve Being Held Accountable for its Actions is “Incredibly Dangerous”

Didn’t he say it that way? Actually, yes he did, just using different words.
In a Bloomberg Radio interview, Mishkin stated: “It is remarkable the kind of attacks that are occurring on Fed independence.”
Think of that in terms of the economic crisis we’re in. It makes you feel good that the Federal Reserve was independent leading [...]

December 2nd, 2009 | Gary | Comments | Continued
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Senator Bernie Sanders To Vote Against Renomination of Ben Bernanke

Saying the Ben Bernanke is “part of the problem,” Senator Bernie Sanders said on Sunday that he will definitely vote against nominating Bernanke for a second term as Chairman of the Federal Reserve.
The Federal Reserve, which has long wanted to keep their activities and persona quiet, are no longer able to operate under those conditions, [...]

November 30th, 2009 | Gary | Comments | Continued
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Ben Bernanke Fears Ron Paul’s Audit Above All Else

In a recent and unusual action, Federal Reserve Chairman Ben Bernanke wrote a column in a newspaper, in this case the online version of the Washington Post, which attempted to undermine the legislation initiated by Ron Paul to at minimum require that the Federal Reserve be fully audited by the Government Accountability Office (GAO).
Some of [...]

November 30th, 2009 | Gary | Comments | Continued