logo
  Join        Login             Stock Quote

Ben Bernanke Confirmation Hearing – Bunning Speaks The Truth

 December 04, 2009 04:21 PM


The confirmation hearing for Federal Reserve Chairman Ben Bernanke began today, and among the many voices echoing how wonderful Ben Bernanke is comes one voice that speaks the truth.

Numerous senators spoke of praise and how grateful they are that Ben Bernanke was at the helm. Folks, the honest truth here is that while Ben Bernanke ‘may‘ have stopped the blood shed on Wall Street in the short term, his actions have planted the seeds of what may very well grow into even greater consequences. This time it is not systemic risk of banks or other Wall Street firms that is at risk, this time it puts in jeopardy the entire financial health of the nation.

Additionally, it was Ben Bernanke's own actions of the past four years that was instrumental in creating the financial crisis in the first place. And this is reason for praise? Ben Bernanke should be sent back to Princeton!

Ben Bernanke may have saved Wall Street for the short term, but the cost in doing so has jeopardized the entire financial system of the United States.

It is very clear that those who praise Bernanke the most are those very same people who have the greatest connections with Wall Street firms and financial lobbyists. But, there are some lone voices who will stand up and tell it like it is. Thank goodness there are still some (not many sadly) in Washington who have not sold their sole.

iOnTheMarket Premium
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageSector Detector: Bulls Go Down Swinging, Refusing To Give Up Much Ground

Although the stock market displayed weakness last week as I suggested it would, bulls aren’t going down read on...

article imageThe Bumpy Road Ahead To Policy Normalization

When the dust clears from tomorrow’s Fed announcement, the crowd’s expecting that the slow but persistent read on...

article imageAnalyzing Performance Histories That Might Have Been

The trend in recent years of securitizing more of the world’s market betas offers investors, in theory, read on...

article imageBig Prints in VIX Calls

The CBOE Vix Index is in positive territory on Friday morning as shares in the S&P 500 Index move slightly read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.