Anti-Bernanke Sentiment Builds on Wall Street

Bernanke, a loser in financial leadership.

Mr. Bernanke's answer's to congress this morning were horrible and should incite the public to action. He could not muster an answer as to wether we were even in a recession and tried to hide behind his Phd badge. He could not come up with a number for the bailout funds. He is transferring accountability back to congress. He is lacking in financial leadership. He should retire on his 401K.

Don Acosta of CA @ Oct 20, 2008 14:41:41 PM

Snx for you job!

Snx for you job!

It has very much helped me!

stortitty of AL @ Mar 20, 2008 05:29:11 AM

Bernanke is right

I feel that Bernanke is looking out for the long-term best interests of the country. He has to deal with the mess created by none other than the renowned Greenspan. Now he's being framed by Greenspan. Remember when Greenspan told everyone to buy ARMs? Good advice moron! As for all the babies on Wall Street crying "We want rate cut. Waaaahhh," I'd advise them to get their dirty diapers changed. Diapers they knowingly soiled with greed in the form of CDOs, SIVs, and ARMs. They have tried to get a free ride by screwing over the middle class. I hope Bernanke lets them rot in their own gold-plated cribs.

Tim Erickson of CO @ Dec 17, 2007 00:06:57 AM

Bernanke is being framed by poopy Greenspan

I feel that Bernanke is looking out for the long-term best interests of the country. He has to deal with the mess created by none other than the renowned Greenspan. Now he's being framed by Greenspan. Remember when Greenspan told everyone to buy ARMs? Good advice moron! As for all the babies on wall street crying "We want rate cut," I'd advise them to get their dirty diapers changed. Diapers they knowingly soiled with greed in the form of CDOs, SIVs, and ARMs. They have tried to get a free ride by screwing over the middle class. I hope Bernanke makes them eat their own shit.

Tim E. Broomield, CO of CO @ Dec 17, 2007 00:03:00 AM

Traitors

Bernanke, Greenspan and Bush - The men who destroyed the US economy.

The most unforgivable act of this trio was to mortgage the future of the children of America to the Arabs and the Chinese in exchange for the enrichment of the oil company robber barons and the Bush and Cheney crime families.

No wonder Cheney and Rove have moved their bank accounts to Dubai.

History will remember these men as traitors.

Bubba Smedley of ID @ Dec 16, 2007 23:21:23 PM

THe previous comment makes no sense. Bernanke's statement is true. If the dollar declines, the price of imports rises. That is because the US is an open economy, not in spite of it.

lewis of AL @ Dec 15, 2007 15:33:27 PM

Easy fed policy created this mess. Without Al's incredibly long trough in interest rates a few years back, we wouldn't have had nearly as much of a property/credit bubble.

This is not to say that easy fed policy is not an appropriate response to an economic downturn, but if our response now is to drop Fed Funds to 1% for annother 2 years, all that will do is punt the inevitable pain a few years down the road, when it blows up another asset class.

If we cut rates every time Wall st. asks, we'd have hyperinflation like Zimbabwe. The fed has a 'dual mandate' to control employment AND inflation, and the unpopularity of the latter cause is the reason we don't elect the FOMC directly.

Mike of CA @ Dec 15, 2007 14:50:56 PM

Don't pass off the remarks of Jim Rogers in an interview w/Maria Bartiromo as your own

ed of NY @ Dec 15, 2007 14:18:03 PM