Jim Rogers : Bernanke has never been right

Discussion in 'Economics & Trade' started by DA60, Jun 20, 2011.

  1. Revere

    Revere New Member

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    The cheap drugs you want to buy from Canada, where the government demands lower prices from drug companies, is not a free market, either.
     
  2. bacardi

    bacardi New Member

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    Jim Rogers is correct....all you have to do is look at the youtube videos on how Bernacke was saying that the sub-prime was contained and would not spread to the overall market!
     
  3. bacardi

    bacardi New Member

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    its not a free market but its better than a system where many poor people have to do without because they simply can't afford it.
     
  4. macaroniman

    macaroniman New Member

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    Bernake was front and center running out the whistle blower head of the FDIC who was right about wall street. he should be strung up. read this and vomit.http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817
     
  5. austrianecon

    austrianecon Banned

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    Newsflash for you dimwits out there.. CDS were never regulated and Clinton refused to have them regulated in the 1990s when is Treasury Sec Robert Rubin, Larry Summers and Alan Greenspan advised him not to do so.

    The only one in the Clinton admin asking for Credit Default Swaps to be regulated was then CFTC commissioner Brooksley Born.

    Bernake was at Princeton at the time and was part of the community that shunned people like Brooksley Born for her opinion. So Bernake was for not regulating it. To this day he refuse to outright call for regulation on these swaps. His position has been the frame work is already there, but we all know it's not.

    I personally don't have an issue with regulation of the CDS market due to the fact that there are so many counterparties involved and see a need for a clearing house.
     

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