Ben Bernanke will be holding a press conference for the first time in the history of the Fed chairmanship Zero Hedge has 20 questions for him (that probably won't be asked) Spoiler
And nobody is talking about it. They'd all rather be distracted by Obama releasing his birth certificate.
Some questions are pretty dumb. For example, the first one. Strong Dollar does not equate to confidence in the financial system.
Here's what should have been asked: 1. Why did you help multi-billionaires tank the U.S. economy for the rest of us and still give them a bunch of our tax money and let banks foreclose on our homes? You know they're still billionaires, banks are still owned by billionaires, and the only people who really suffered from the whole deal were normal people, right? You're an *******. 2. Can you stop being an ******* by letting them be assholes at hour expense?
If Bernanke did answer these (and I doubt), I'm willing to get one of his answers will be 'it's too soon', that there hasn't been enough time to work kinks out yet, that's the impression I got from reading the first 13 questions what a potential answer might be like.
Most people don't know enough about economics or the economy to play along. Of those that do, most find it too boring. I have to think about crap like this when I'm working; why would I want to when I'm not?
Don't forget that TARP was going to make things 1-2 years after it's implementation (ie, now): http://bbs.clutchfans.net/showthread.php?t=158831&page=3&pp=20 Something tells me today is not more painful than things would have been had we let the entire financial system collapse.
I sure would like to know what that something is because I don't think there is anything to support that claim.
Really? You things today are worse than what everyone universally agreed would have been a worldwide depression if there was a global financial collapse?
Sometimes you ask those question . . not for yourself. . but for others. Maybe some need it explained to them WHY a strong dollar does not equate to confidence in the financial system. just a thought Rocket River
I honestly never trust answers that EVERYONE UNIVERSALLY AGREED generally it is just a select group of 'insiders' who agree and generally . .. they the same ones that agreed to the crap that got us in the situation Rocket River
I do. Things are much worse today than how they were forecasted to be when the government started propping up the financial system. Go look at the unemployment forecasts that were used to justify the bailouts. Regardless of what happened, a worldwide depression still occurred, and instead of allowing a recovery, the actions of central banks and governments have yielded nothing but more uncertainty, and economic stagnation.