“Whoa, what just happened? In the last day, Larry Summers went from another face in the pack in the race to replace Ben Bernanke as Federal Reserve chairmanr…
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Is Obama About to Make a HUGE Mistake With the Federal Reserve?
FIRE OBAMA AND END THE FED$ NOW!
ATTENTION STUPID,UNEDUCATED,BOOZED UP,DRUGGED UP SCUM IDIOTS WHO VOTED FOR OBAMA! THIS IS THE IDIOT PATROL! HEY STUPID IDIOTS! ARE YOU READY TO DIE IN WW3 AND STARVE TO DEATH IN AN ECONOMIC DEPRESSION CAUSED BY OBAMA AND THE FEDS$ YOU STUPID IDIOTS$WAKE UP YOU STUPID IDIOTS$
JFK tried it, Lincoln tried that and many many people wanted and tried that and we have seen how that ended!!!
CIA, NRA, FBI, Mossad, Fed, Goldman,….etc etc., most of the media, politics, banks, multinational bank, politics are just a part of the Rothschilt plan!!! You can't just end the Fed when they own you and make you do everything they want. They don't have power, they are the power!!!
Exactly!!!! I don't understand why can;t everyone see this! Especially most of the media is owned by them en project everything how they want the people to see!! People are seeing the world thru their projected goggles and don't see the reality and the truth!!!
What exactly is the Federal Reserve?
The Federal Reserve is as federal as Federal Express…
And does *anyone* think this would have been any different under Romney? Both parties have been taken over and bought out. Basically, the party's financial backers choose which candidates and appointees will get the party's support, and neither party would nominate anyone who doesn't have their backers support.
Guess what? Some of these financiers put money in *both* parties! Our government has become a plutocratic puppet show. Red puppet…blue puppet, what difference does it make anymore?
Obama: So, I hear Ben feels like he's done enough damage to the economy and decided he's ready to retire to an island in the south Pacific…
Geitner: Yeah, sucks. Ben and I go way back.
Obama: Well, let's look on the bright side. This is an opportunity! Who's the most evil, sinister, whacked out sonovab…
Geitner: LARRY SUMMERS!
Obama: Genius. Let's do it.
just End the Fed
I know what it said. These bankers are trying to screw us all the time. You also hear about the aluminum scandal? The government is letting us get screwed.
THE PRIEST LIVES ON LIES, HE FABRICATES LIES.
Politicians are successful criminals.
Criminals are unsuccessful politicians.
my life is not shitty its far form it but why do you complain about a government that YOU elected the only thing you do is complain about what is happening why don't you do something about it because nobody cares about what you say and do you seriously think your government can repay all the borrowed money it owe guns wont get you out of this problem neither will a war
lol wait, what?
I never watched Max Keiser. The point is that the CDO are complex products and are relatively new, so the guy selling these probably did not know to the full extend the risk taken by doing so…
Really few people know the risk taken with these products – and I'm only speaking about the risks part of it, not the "scam" part of it which is a sightly different topic. You could understand it is a scam without understanding the risk of the scam 😉
That has never been proved – only speculated because three young black men from his church were killed prior to the 2008 election.
When the lapdogs at the SEC are forced to sue Goldman Sachs or UBS. etc. for their scams… even the shoe-shine boy knew what was going on.
Bankers did not know… lol, you are funny… a regular Max Keiser…
It's not worth living in a world where you have no right to a taste of life man. The fact that a city went bankrupt and the entire country isn't out on the streets about it – shatters any idea of hope. Now this? I would sooner dig my own grave, dress in my uniform, lie down and shoot – before I endure anymore of this agony. We have a right to a life, liberty and happiness – yet we're always sick, enslaved, and we're ALL miserable. We're broken dude.
By calling IRS, Benghazi, Fast & Furious, etc. "phony scandals", I no longer trust Obama, or whomever he chooses as the Fed Chief.
Obama, is a terrorist, his only goal seems to be actively destroying the US, everything he does takes this country from bad to worse.
obama is gay!
exactly, it’s so obvious at this point. Obama is a terrific actor. he can look you directly in the eyes and LIE without a hiccup. and besides, who really believes bankers are scared of politicians? flash the cash and they’ll do whatever you want…
Just shut down the Federal reserve because we don't need it.
better start collecting cans because if he does take the helm may God have mercy on us.
All politicians are making a mistake with the federal reserve by not auditing and inevitably disbanding this parasitic, unconstitutional, illegal piece of shit.
"Where did I say Fed policies don't matter?"
"The Fed has never really used their regulatory powers."
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Fed is basically not a regulatory body.
.
"he's unbelievably ignorant about economics and finance."
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Your point is Fed is not any part of the economic failure of 2008? Instead of criticizing somebody's credential, how about explain why he's ignorant?
The point everyone is missing is that Obama is not the one who really chooses the head of the fed. That's decided by the Fed and the acting president is told to pick him as it's the bankers who control the politicians and not the other way around. Wake up people!
Obviously you have a huge issue with reading comprehension.
Where did I say Fed policies don't matter? And do you know the definition of "regulatory?" Because your post indicates that you don't.
I know it sounds funny, but it's the reality. Why do you think that different economist had to write paper saying the contrary, for instance Dennis Haensel and Jan Pieter Krahnen had to write a paper saying that the european bank where increasing their risk in 2007? Because the banks did not know what they are doing and they were frustrated of the bank behaviour.
yeah… lol, you are funny.
Easy to laugh, but have you ever saw a CDO? I did. I also know that it is increasing risk because the analysis of the loans will not give anything other than basic information (like the prospectus); bankster in the 1990’s and early 2000’s tough it was reducing the risk because it is a cheaper way of doing business, and therefore it was increasing profit. What they do is increase profit&risk 😉
So, the banks really did not fully understand what they were doing.
I don't think Cenk knows what a derivative security is
LOL.
Banksters didn't understand their debt instruments… lol, you are funny.
Where, in history, will you find the free market engaged in this “exact sort of corruption” or anything that even approaches the scale without government collusion.
Go ahead – give it a shot… you won’t find it.
Stop saying have at it hoss!
Forgot to mention the fact he lost over a BILLION $'s at Harvard's trust fund!