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View Diary: Ben Bernanke Says He's Sorry, And He Won't Do It 'Again' (220 comments)

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  •  His words (1+ / 0-)
    Recommended by:
    fladem

    mean a lot in the market.  He was obviously trying not to start a panic and reassure investors that we could get through this without a cataclysmic collapse of the financial system and economy.  Investors and other people going ape s hit often cause meltdowns that are disproportionate to the actual risk we see, just as they are likely to ignore legitimate risks and bet the entire house.

    I say you should calm down.  It's not like this man purposely tried to fuck the country.  Policy mistakes are made all the time, and I am also not sure there was much he could do to stop what happened.  But we do know his policy decisions helped avert a great depression.  At least give him credit for that.

    •  I'm calmer now, but I still think Bernacke should (5+ / 0-)

      only enter a bank with a mask, gun and a note from his equally embedded Insider Trading financial buddies which states "Hand over all your Muney" or Wall Street and the banking industry will implode..

      "Course I'm respectable. I'm old. Politicians, ugly buildings, and whores all get respectable if they last long enough." Noah Cross - Chinatown

      by LakePipes on Sat Nov 28, 2009 at 10:03:29 AM PST

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    •  The conditions for perfect competition to exist (6+ / 0-)

      include everyone knowing the truth, or at least alternatively everyone knowing that BB is full of crap, which is the same thing. Obviously this condition was not and is not being met. Ergo, true competitive markets do not exist.

      There are just 10 kinds of people; those who know binary and those who don't.

      by RudiB on Sat Nov 28, 2009 at 10:57:46 AM PST

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    •  How do you know? (8+ / 0-)

      It's not like this man purposely tried to fuck the country.

      Since we have absolutely no 'proof' of who and what organizations are being favored by Ben Bernanke, how do we know what his intent is?  We don't.  

      That's like saying: It wasn't Ted Bundy's 'intent' to kill over 100 women.  Well, how many opportunities do you give a person like Ben Bernanke to Enron the entire planet and keep giving him our 'faith and trust' because you think 'he didn't mean to screw the world and bring us all down to our knees'....

      You don't keep giving the keys to the car to the idiot who drove us off the cliff.

      America is the only nation in history which miraculously has gone directly from barbarism to degeneration without the usual interval of civilization.

      by Badabing on Sat Nov 28, 2009 at 11:21:41 AM PST

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    •  We taxpayers were extorted (4+ / 0-)

      It's not like this man purposely tried to fuck the country.  Policy mistakes are made all the time, and I am also not sure there was much he could do to stop what happened.  But we do know his policy decisions helped avert a great depression.  At least give him credit for that.

      I respectfully disagree. Imho:

      Big Finance said, "Pay us our protection money (TARP) or we'll crash global commerce and trade and literally go medieval on your poor gullible peon asses."

      We paid and bought ourselves and our families a little time. Maybe.

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