We are officially a Banana Republic. Ben Bernanke has announced his intention to Work for Ken Griffen of Citadel as an “advisor”. He will not get paid a bonus and it will not be dependent on the performance of the Fund instead it will be a fee arrangement. Sounds like a straight up payoff to me. When I saw the headline I thought it was the onion. Zero Hedge, the supremely pessimistic financial alternative news site, has been claiming for years that The Fed has been using Citadel as their equity trading proxy to manipulate the equity markets. I must say this smells to high heaven. Being the shit stirrer that I am, I tweeted the “Fed Hating” Rand Paul that he contact Zero Hedge and look into this matter. Ladies and gentleman we are not in Kansas anymore. Let the fireworks begin and get your pop corn ready. I demand congressional hearings!
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Blue,
nothing will EVER happen. The system is so corrupt and beyond repair. Wash, rinse repeat – nothing to see here move on (unfortunately).
Headline typo error. Flye will castrate you !
First meeting.
So Ben what ya thinking,
I”m thinking interest rates at fuckall for ever.
Perfect .-now got to the teller and get
you 50 g’s
Okay .see you next week.
uglyflint,
good catch
His employer hasn’t really changed – he just moved to a different division.
Sorry my above comment was meant to be a question.
Anytime Blue. Flye’s been pretty edgy lately. ☺
Blue – in the fwiw dept: I biked with a friend this am who is a NYCity firefighter and was there on 9/11. I asked him what he thought of the Building 7 controlled demo theories out there. He said sounds were coming out of the building and they cleared firemen and anyone away from the building for some time before it came down because they thought the structure was compromised, not only due to the fires that had been burning but also by the two towers which smashed to the ground and created a tremor effect. He said once any floor goes, they all go. So there you have it; another opinion.
juice,
whatever. the owner of Building 7 is on tape saying he ordered that the building be pulled. 2000 engineers would disagree with the “opinion” of your fireman. building 7 is the only skyscraper in the history of high rise fires to have collapsed into its own foot print ever in the history of the world. also building 7 was not hit by a plane. these are not opinions these are facts. also were you aware of the plane that hit the empire state building? it was hit by a b-25 bomber 56 years ago due to fog. Somehow the building did not collapse into its own foot print. I guess they built the empire state building better than the twin towers. Time to change the subject.
Blue, what’s your twitter account name?
Alex,
email me at [email protected]
So the man who saved America can’t bank some coin? Communists
Forgetalpha,
LOL. what was wrong with $250,000 a speech?
Hi ForgetAlpha:
“So the man who saved America can’t bank some coin”
I am sick and tired of people praising the FED for saving America.
Was it not the FED’s responsibility to ensure banks were adequately capitalized with regards to the loans they were providing? Was it not the FED’s role to ensure banks weren’t over trading in derivatives? Was it not the FED’s role to ensure the property and equity market bubbles did not develop?
They failed on every single count.
The FED is like a fireman who actively starts a fire, see’s it developing and chooses to do nothing about it thinks it “irrelevant”. When the fire then becomes an inferno, they then claim credit for putting it out.
The FED has not done anything to save America, all they have done is kicked the can down the road. If America is saved, why is it that despite rates being near 0%, even the mention of a 0.25% rise causes the markets to start running a temperature.
End of rant 🙂