Federal Reserve needs a nonacademic chair from the core of Wall Street to weather this storm – the Bear Sterns rescue a pathetic example of failed policies
Rina Maity
Mar. 17, 2008

Professor Bernanke is a great faculty. But his tenure as the Fed Chair is equally dismal if not outright pathetic. He never understood the markets. He is firefighting the blaze with tax payers’ money.

In the last week he made JP Morgan rich by allowing it to buy Bear Sterns well below the book value with 30 billion dollars guarantee. In the last week he also wasted another 200 billion dollars on failing financial markets.

Fed was wrong for the last twenty eight years. They created a world economy based on ridiculous assumption that real estate prices will go up for ever. They failed in oversight, increased rates while the economy was sick and failed to hold dollar strong.

It is time for Mr. Bernanke to resign. It is time for a real change in Washington. It is time to account for every dollar Federal reserves wastes from Tax payers’ hard earned pool.

Federal Reserve needs a nonacademic chair from the core of Wall Street to weather this storm – the Bear Sterns rescue a pathetic example of failed policies
Rina Maity
They created a world economy based on ridiculous assumption that real estate prices will go up for ever. They failed in oversight, increased rates while the economy was sick and failed to hold dollar strong.
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Run on US investment bank Bear Sterns an example of fiscal failures of Bush Administration but the markets are ready for bear market rallies
Peter Oberois
The Federal Reserve should be restructured after failed policies of the Republican party, Mr. Greenspan and the current academic Fed Chair from Princeton.
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US Dollar lowest against Euro and 12 year low against yen ready for a new bull market
Akash Soni
Think about it, who can dare to say in the public that US Dollar is about to start a bull journey that will last for decades. Who can now say the Dow Jones Industrial Average will make a new all time high in the next eighteen months?
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Bear Stern’s virtual collapse is the start of run on American and European banks – a hundred year banking cycle topped in 2007
Fred Day
After a sharp bear market rally in stocks and US Dollar, we will be back where we are. More banks will go belly up. That time the fed will be weaker and tired of bailing worthless bank managements.
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Senator Clinton’s claim of ‘experience’ is the biggest joke in the world
Maria Hernandez
The point is simple, if you just served cookies at an important meeting in Whitehouse, you cannot claim that you have gained Commander in chief credentials or experience.
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A painter turned into a right wing racial radio talk show host tries to discredit Obama with clips of his pastor
Surjit Singh
Hurrah! Says the painter who left his profession for repeated bad painting jobs. They found something that can derail the ‘Audacity of Hope’!
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US stocks, Dollar. Real Estate, and Lumber futures ready to rally for the next twelve months –Federal Reserve draws the line on the sand
Sandra Simons
The R word is finally out. The radio talk show hosts, TV big mouths and main stream media in general are fully bearish now. That sets the ideal situation for an intermediate term bull market.
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