Home › Forums › Financial Markets/Economics › The plot thickens….Confirmed.. Fed Reserve Strongarmed BofA …
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June 11, 2009 at 12:58 PM #414610June 11, 2009 at 1:23 PM #413910
Arraya
ParticipantThe Fed has even hired a lobbyist, Linda Robertson, to try to improve the Fed’s image. According to Bloomberg News, Robertson worked for Bob Rubin, who led the effort to repeal the Glass Steagal Act which opened the doors to the gambling casino which has almost destroyed our economy. She also worked for Obama’s current economic advisor, Larry Summers, who led the opposition to regulating derivatives, the main cause of the present financial crisis. And she worked for Enron, the largest corporate Ponzi scheme of them all. She surely has the right experience!
Again quoting Bernanke. “The Federal Reserve is an institution that people don’t hear so much about, but it’s a very important one. It manages monetary policy for the country. It’s one of the main tools we have for stabilizing our economy and keeping prices stable.”
How have they done as managers? Right from Bernake’s mouth. The Fed is in charge of monetary policy. Monetary policy drives the economy.
June 11, 2009 at 1:23 PM #414148ParticipantThe Fed has even hired a lobbyist, Linda Robertson, to try to improve the Fed’s image. According to Bloomberg News, Robertson worked for Bob Rubin, who led the effort to repeal the Glass Steagal Act which opened the doors to the gambling casino which has almost destroyed our economy. She also worked for Obama’s current economic advisor, Larry Summers, who led the opposition to regulating derivatives, the main cause of the present financial crisis. And she worked for Enron, the largest corporate Ponzi scheme of them all. She surely has the right experience!
Again quoting Bernanke. “The Federal Reserve is an institution that people don’t hear so much about, but it’s a very important one. It manages monetary policy for the country. It’s one of the main tools we have for stabilizing our economy and keeping prices stable.”
How have they done as managers? Right from Bernake’s mouth. The Fed is in charge of monetary policy. Monetary policy drives the economy.
June 11, 2009 at 1:23 PM #414401ParticipantThe Fed has even hired a lobbyist, Linda Robertson, to try to improve the Fed’s image. According to Bloomberg News, Robertson worked for Bob Rubin, who led the effort to repeal the Glass Steagal Act which opened the doors to the gambling casino which has almost destroyed our economy. She also worked for Obama’s current economic advisor, Larry Summers, who led the opposition to regulating derivatives, the main cause of the present financial crisis. And she worked for Enron, the largest corporate Ponzi scheme of them all. She surely has the right experience!
Again quoting Bernanke. “The Federal Reserve is an institution that people don’t hear so much about, but it’s a very important one. It manages monetary policy for the country. It’s one of the main tools we have for stabilizing our economy and keeping prices stable.”
How have they done as managers? Right from Bernake’s mouth. The Fed is in charge of monetary policy. Monetary policy drives the economy.
June 11, 2009 at 1:23 PM #414469ParticipantThe Fed has even hired a lobbyist, Linda Robertson, to try to improve the Fed’s image. According to Bloomberg News, Robertson worked for Bob Rubin, who led the effort to repeal the Glass Steagal Act which opened the doors to the gambling casino which has almost destroyed our economy. She also worked for Obama’s current economic advisor, Larry Summers, who led the opposition to regulating derivatives, the main cause of the present financial crisis. And she worked for Enron, the largest corporate Ponzi scheme of them all. She surely has the right experience!
Again quoting Bernanke. “The Federal Reserve is an institution that people don’t hear so much about, but it’s a very important one. It manages monetary policy for the country. It’s one of the main tools we have for stabilizing our economy and keeping prices stable.”
How have they done as managers? Right from Bernake’s mouth. The Fed is in charge of monetary policy. Monetary policy drives the economy.
June 11, 2009 at 1:23 PM #414625ParticipantThe Fed has even hired a lobbyist, Linda Robertson, to try to improve the Fed’s image. According to Bloomberg News, Robertson worked for Bob Rubin, who led the effort to repeal the Glass Steagal Act which opened the doors to the gambling casino which has almost destroyed our economy. She also worked for Obama’s current economic advisor, Larry Summers, who led the opposition to regulating derivatives, the main cause of the present financial crisis. And she worked for Enron, the largest corporate Ponzi scheme of them all. She surely has the right experience!
Again quoting Bernanke. “The Federal Reserve is an institution that people don’t hear so much about, but it’s a very important one. It manages monetary policy for the country. It’s one of the main tools we have for stabilizing our economy and keeping prices stable.”
How have they done as managers? Right from Bernake’s mouth. The Fed is in charge of monetary policy. Monetary policy drives the economy.
June 11, 2009 at 1:52 PM #413941partypup
Participant[quote=Aecetia]He’s still stuck on the first envelope:
Prepare Three Envelopes
A fellow had just been hired as the new CEO of a large high tech corporation. The CEO who was stepping down met with him privately and presented him with three numbered envelopes. “Open these if you run up against a problem you don’t think you can solve,” he said.Well, things went along pretty smoothly, but six months later, sales took a downturn and he was really catching a lot of heat. About at his wit’s end, he remembered the envelopes. He went to his drawer and took out the first envelope. The message read, “Blame your predecessor.”
The new CEO called a press conference and tactfully laid the blame at the feet of the previous CEO. Satisfied with his comments, the press — and Wall Street – responded positively, sales began to pick up and the problem was soon behind him.
About a year later, the company was again experiencing a slight dip in sales, combined with serious product problems. Having learned from his previous experience, the CEO quickly opened the second envelope. The message read, “Reorganize.” This he did, and the company quickly rebounded.
After several consecutive profitable quarters, the company once again fell on difficult times. The CEO went to his office, closed the door and opened the third envelope.
The message said, “Prepare three envelopes.” [/quote]
Hysterical, Aecetia! I would only add that he seems to be opening the first and second envelopes simultanenously, because Dear Leader’s *change* is bringing about a WHOLE lot of “reorganization”right now…
June 11, 2009 at 1:52 PM #414179Participant[quote=Aecetia]He’s still stuck on the first envelope:
Prepare Three Envelopes
A fellow had just been hired as the new CEO of a large high tech corporation. The CEO who was stepping down met with him privately and presented him with three numbered envelopes. “Open these if you run up against a problem you don’t think you can solve,” he said.Well, things went along pretty smoothly, but six months later, sales took a downturn and he was really catching a lot of heat. About at his wit’s end, he remembered the envelopes. He went to his drawer and took out the first envelope. The message read, “Blame your predecessor.”
The new CEO called a press conference and tactfully laid the blame at the feet of the previous CEO. Satisfied with his comments, the press — and Wall Street – responded positively, sales began to pick up and the problem was soon behind him.
About a year later, the company was again experiencing a slight dip in sales, combined with serious product problems. Having learned from his previous experience, the CEO quickly opened the second envelope. The message read, “Reorganize.” This he did, and the company quickly rebounded.
After several consecutive profitable quarters, the company once again fell on difficult times. The CEO went to his office, closed the door and opened the third envelope.
The message said, “Prepare three envelopes.” [/quote]
Hysterical, Aecetia! I would only add that he seems to be opening the first and second envelopes simultanenously, because Dear Leader’s *change* is bringing about a WHOLE lot of “reorganization”right now…
June 11, 2009 at 1:52 PM #414431Participant[quote=Aecetia]He’s still stuck on the first envelope:
Prepare Three Envelopes
A fellow had just been hired as the new CEO of a large high tech corporation. The CEO who was stepping down met with him privately and presented him with three numbered envelopes. “Open these if you run up against a problem you don’t think you can solve,” he said.Well, things went along pretty smoothly, but six months later, sales took a downturn and he was really catching a lot of heat. About at his wit’s end, he remembered the envelopes. He went to his drawer and took out the first envelope. The message read, “Blame your predecessor.”
The new CEO called a press conference and tactfully laid the blame at the feet of the previous CEO. Satisfied with his comments, the press — and Wall Street – responded positively, sales began to pick up and the problem was soon behind him.
About a year later, the company was again experiencing a slight dip in sales, combined with serious product problems. Having learned from his previous experience, the CEO quickly opened the second envelope. The message read, “Reorganize.” This he did, and the company quickly rebounded.
After several consecutive profitable quarters, the company once again fell on difficult times. The CEO went to his office, closed the door and opened the third envelope.
The message said, “Prepare three envelopes.” [/quote]
Hysterical, Aecetia! I would only add that he seems to be opening the first and second envelopes simultanenously, because Dear Leader’s *change* is bringing about a WHOLE lot of “reorganization”right now…
June 11, 2009 at 1:52 PM #414500Participant[quote=Aecetia]He’s still stuck on the first envelope:
Prepare Three Envelopes
A fellow had just been hired as the new CEO of a large high tech corporation. The CEO who was stepping down met with him privately and presented him with three numbered envelopes. “Open these if you run up against a problem you don’t think you can solve,” he said.Well, things went along pretty smoothly, but six months later, sales took a downturn and he was really catching a lot of heat. About at his wit’s end, he remembered the envelopes. He went to his drawer and took out the first envelope. The message read, “Blame your predecessor.”
The new CEO called a press conference and tactfully laid the blame at the feet of the previous CEO. Satisfied with his comments, the press — and Wall Street – responded positively, sales began to pick up and the problem was soon behind him.
About a year later, the company was again experiencing a slight dip in sales, combined with serious product problems. Having learned from his previous experience, the CEO quickly opened the second envelope. The message read, “Reorganize.” This he did, and the company quickly rebounded.
After several consecutive profitable quarters, the company once again fell on difficult times. The CEO went to his office, closed the door and opened the third envelope.
The message said, “Prepare three envelopes.” [/quote]
Hysterical, Aecetia! I would only add that he seems to be opening the first and second envelopes simultanenously, because Dear Leader’s *change* is bringing about a WHOLE lot of “reorganization”right now…
June 11, 2009 at 1:52 PM #414653Participant[quote=Aecetia]He’s still stuck on the first envelope:
Prepare Three Envelopes
A fellow had just been hired as the new CEO of a large high tech corporation. The CEO who was stepping down met with him privately and presented him with three numbered envelopes. “Open these if you run up against a problem you don’t think you can solve,” he said.Well, things went along pretty smoothly, but six months later, sales took a downturn and he was really catching a lot of heat. About at his wit’s end, he remembered the envelopes. He went to his drawer and took out the first envelope. The message read, “Blame your predecessor.”
The new CEO called a press conference and tactfully laid the blame at the feet of the previous CEO. Satisfied with his comments, the press — and Wall Street – responded positively, sales began to pick up and the problem was soon behind him.
About a year later, the company was again experiencing a slight dip in sales, combined with serious product problems. Having learned from his previous experience, the CEO quickly opened the second envelope. The message read, “Reorganize.” This he did, and the company quickly rebounded.
After several consecutive profitable quarters, the company once again fell on difficult times. The CEO went to his office, closed the door and opened the third envelope.
The message said, “Prepare three envelopes.” [/quote]
Hysterical, Aecetia! I would only add that he seems to be opening the first and second envelopes simultanenously, because Dear Leader’s *change* is bringing about a WHOLE lot of “reorganization”right now…
June 11, 2009 at 9:59 PM #414264ParticipantStorm clouds are gathering over the Fed. Ron Paul finally gets his biggest issue of his career pushed through. Unfortunately for him is probably just now allowed to do it. Big changes coming
Ron Paul’s red hot bill, HR 1207 to audit the Federal Reserve now has 222 cosponsors. The 218th, according to a press release by Paul, was Dennis Kucinich.
Washington, D.C. – Congressman Ron Paul’s Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.
The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.
“The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” said Congressman Paul. “I look forward to this issue receiving greater public exposure.”
Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee’s series of hearings on regulatory reform
June 11, 2009 at 9:59 PM #414503ParticipantStorm clouds are gathering over the Fed. Ron Paul finally gets his biggest issue of his career pushed through. Unfortunately for him is probably just now allowed to do it. Big changes coming
Ron Paul’s red hot bill, HR 1207 to audit the Federal Reserve now has 222 cosponsors. The 218th, according to a press release by Paul, was Dennis Kucinich.
Washington, D.C. – Congressman Ron Paul’s Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.
The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.
“The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” said Congressman Paul. “I look forward to this issue receiving greater public exposure.”
Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee’s series of hearings on regulatory reform
June 11, 2009 at 9:59 PM #414756ParticipantStorm clouds are gathering over the Fed. Ron Paul finally gets his biggest issue of his career pushed through. Unfortunately for him is probably just now allowed to do it. Big changes coming
Ron Paul’s red hot bill, HR 1207 to audit the Federal Reserve now has 222 cosponsors. The 218th, according to a press release by Paul, was Dennis Kucinich.
Washington, D.C. – Congressman Ron Paul’s Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.
The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.
“The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” said Congressman Paul. “I look forward to this issue receiving greater public exposure.”
Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee’s series of hearings on regulatory reform
June 11, 2009 at 9:59 PM #414826ParticipantStorm clouds are gathering over the Fed. Ron Paul finally gets his biggest issue of his career pushed through. Unfortunately for him is probably just now allowed to do it. Big changes coming
Ron Paul’s red hot bill, HR 1207 to audit the Federal Reserve now has 222 cosponsors. The 218th, according to a press release by Paul, was Dennis Kucinich.
Washington, D.C. – Congressman Ron Paul’s Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.
The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.
“The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” said Congressman Paul. “I look forward to this issue receiving greater public exposure.”
Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee’s series of hearings on regulatory reform
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