Comments on: Ben Bernanke: financial firefighter or arsonist? http://blog.aynrandcenter.org/ben-bernanke-financial-firefighter-or-arsonist/ Mon, 24 Oct 2011 16:44:58 +0000 hourly 1 By: Rand Illusion « The Unemployed Blog http://blog.aynrandcenter.org/ben-bernanke-financial-firefighter-or-arsonist/comment-page-1/#comment-2224 Rand Illusion « The Unemployed Blog Sat, 19 Dec 2009 16:22:26 +0000 http://blog.aynrandcenter.org/?p=4739#comment-2224 [...] that causes the roller coaster ride America is going through.” Similar sentiments are expressed here. There can be no doubt that the Fed’s actions were a causal factor, but to say this was the sole [...] [...] that causes the roller coaster ride America is going through.” Similar sentiments are expressed here. There can be no doubt that the Fed’s actions were a causal factor, but to say this was the sole [...]

]]> By: kevin hastings http://blog.aynrandcenter.org/ben-bernanke-financial-firefighter-or-arsonist/comment-page-1/#comment-2135 kevin hastings Thu, 10 Dec 2009 20:38:32 +0000 http://blog.aynrandcenter.org/?p=4739#comment-2135 I hate to inform the head of the Fed, but to get to the root of the problem. Mr Bernanke, you ARE the problem. The Fed should NOT EVEN EXIST. Since when do the bankers think they OWN THE TAXPAYERS? The entire boom and bust cycle of business in the 20th century was caused by the 16th amendment and the creation of the Fed(thanks Woodrow Wilson and William Jennings Bryant, 2 communists before Vladmir Lenin). Get rid of the Fed , get rid of the 16th amendment, while we are at it get rid of the 17th amendment also. Fannie mae and Freddie Mac-the cause of the problem, not the cure. Same with medicare-since when should I have to pay for anyones health care other than my own? Even Reagan didnt go far enough. Everything since Wilson and Teddy Roosevelt has been an attempt at destroying capitalism. The problem with the world isnt free enterprise-its a LACK OF FREE ENTERPRISE. I hate to inform the head of the Fed, but to get to the root of the problem. Mr Bernanke, you ARE the problem. The Fed should NOT EVEN EXIST. Since when do the bankers think they OWN THE TAXPAYERS? The entire boom and bust cycle of business in the 20th century was caused by the 16th amendment and the creation of the Fed(thanks Woodrow Wilson and William Jennings Bryant, 2 communists before Vladmir Lenin). Get rid of the Fed , get rid of the 16th amendment, while we are at it get rid of the 17th amendment also. Fannie mae and Freddie Mac-the cause of the problem, not the cure. Same with medicare-since when should I have to pay for anyones health care other than my own?
Even Reagan didnt go far enough. Everything since Wilson and Teddy Roosevelt has been an attempt at destroying capitalism. The problem with the world isnt free enterprise-its a LACK OF FREE ENTERPRISE.

]]> By: Gordon Livingston http://blog.aynrandcenter.org/ben-bernanke-financial-firefighter-or-arsonist/comment-page-1/#comment-2113 Gordon Livingston Sat, 05 Dec 2009 00:35:20 +0000 http://blog.aynrandcenter.org/?p=4739#comment-2113 We need a G D revolution , the biggest problem in this country is most people are too apathetic , they believe the lame stream media ,we do not have a liberal President , we have a communist President ! The U S A is doomed , there is very little difference , between Dems n Republicans !Wake up America ! We need a G D revolution , the biggest problem in this country is most people are too apathetic , they believe the lame stream media ,we do not have a liberal President , we have
a communist President ! The U S A is doomed , there is very little difference , between Dems n Republicans !Wake up America !

]]> By: Damien http://blog.aynrandcenter.org/ben-bernanke-financial-firefighter-or-arsonist/comment-page-1/#comment-2090 Damien Fri, 04 Dec 2009 06:23:16 +0000 http://blog.aynrandcenter.org/?p=4739#comment-2090 I disagree. There is no doubt that low inerest rates were a causal factor in the recession, but the primary cause? Maybe, but I'm not convinced. I wish to address your claim that the Fed poured gas and lit matches. You will recall warning me in a previous email against using supposed analogies. Regardless, I'd like to follow this one through. In artificially deflating interest rates, then following this up with lax regulation, the Fed not so much started the fire directly. Rather, they gave the gas and matches to financial institutions that couldn't be trusted with them. I disagree. There is no doubt that low inerest rates were a causal factor in the recession, but the primary cause? Maybe, but I’m not convinced.

I wish to address your claim that the Fed poured gas and lit matches. You will recall warning me in a previous email against using supposed analogies. Regardless, I’d like to follow this one through. In artificially deflating interest rates, then following this up with lax regulation, the Fed not so much started the fire directly. Rather, they gave the gas and matches to financial institutions that couldn’t be trusted with them.

]]> By: Ben Bernanke: Firefighter or Arsonist? « Free Market Mojo http://blog.aynrandcenter.org/ben-bernanke-financial-firefighter-or-arsonist/comment-page-1/#comment-2078 Ben Bernanke: Firefighter or Arsonist? « Free Market Mojo Wed, 02 Dec 2009 21:28:41 +0000 http://blog.aynrandcenter.org/?p=4739#comment-2078 [...] Epstein of the Voices for Reason blog gives a very critical response: Thus, the Fed is a financial firefighter that simply needs [...] [...] Epstein of the Voices for Reason blog gives a very critical response: Thus, the Fed is a financial firefighter that simply needs [...]

]]> By: uberVU - social comments http://blog.aynrandcenter.org/ben-bernanke-financial-firefighter-or-arsonist/comment-page-1/#comment-2076 uberVU - social comments Wed, 02 Dec 2009 13:01:39 +0000 http://blog.aynrandcenter.org/?p=4739#comment-2076 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by aynrandadvocate: ARC: Ben Bernanke: financial firefighter or arsonist?: Ben Bernanke recently penned an op-ed in the Washington Post... http://bit.ly/4skqJu... Social comments and analytics for this post…

This post was mentioned on Twitter by aynrandadvocate: ARC: Ben Bernanke: financial firefighter or arsonist?: Ben Bernanke recently penned an op-ed in the Washington Post… http://bit.ly/4skqJu...

]]> By: Joseph Kellard http://blog.aynrandcenter.org/ben-bernanke-financial-firefighter-or-arsonist/comment-page-1/#comment-2073 Joseph Kellard Wed, 02 Dec 2009 11:30:08 +0000 http://blog.aynrandcenter.org/?p=4739#comment-2073 Hello ARC, I'm surprised there has been no mention of "climategate" on Voices of Reason. When are you going to write about it? I would love to see ARC write an op-ed written about climategate, and, hopefully, it will be printed in nationwide newspapers. Thank you, Joseph Kellard Hello ARC,

I’m surprised there has been no mention of “climategate” on Voices of Reason. When are you going to write about it? I would love to see ARC write an op-ed written about climategate, and, hopefully, it will be printed in nationwide newspapers.

Thank you,
Joseph Kellard

]]> By: Chuck http://blog.aynrandcenter.org/ben-bernanke-financial-firefighter-or-arsonist/comment-page-1/#comment-2070 Chuck Wed, 02 Dec 2009 03:12:13 +0000 http://blog.aynrandcenter.org/?p=4739#comment-2070 Remember it was the Federal Reserve helped the Clinton administration coaerse banks into riskier loans with a piece of bad research that was later debunked. The Federal Reserve, intentionally or otherwise, worked in collusion with the Janet Reno Attorney Generals office, to sue (intimidate) the banks into joining the Fannie Mae, HUD, and FHA housing scam. This New York Times article is chilling to read in hindsight. http://www.nytimes.com/1994/08/30/business/redlining-under-attack.html?sec=&spon=&&scp=5&sq=federal%20reserve%20mortgage%20descrimination&st=cse All of the redline suits, by the Attorney Generals offices, were magically dropped, when banks began to comply with issuing the riskier loans the administration and Federal Reserve desired. They doubled down on it in 1999 with Fannie, Freddie, and HUD. Again from the New York Times, and just as chilling to read in hindsight. http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html?sec=&spon=&&scp=2&sq=holmes%20fannie%20mae&st=cse The Federal Reserve was there in the beginning of it, right alongside the House & Senate Finance Committees and the Whitehouse administrations. Remember it was the Federal Reserve helped the Clinton administration coaerse banks into riskier loans with a piece of bad research that was later debunked. The Federal Reserve, intentionally or otherwise, worked in collusion with the Janet Reno Attorney Generals office, to sue (intimidate) the banks into joining the Fannie Mae, HUD, and FHA housing scam. This New York Times article is chilling to read in hindsight.

http://www.nytimes.com/1994/08/30/business/redlining-under-attack.html?sec=&spon=&&scp=5&sq=federal%20reserve%20mortgage%20descrimination&st=cse

All of the redline suits, by the Attorney Generals offices, were magically dropped, when banks began to comply with issuing the riskier loans the administration and Federal Reserve desired. They doubled down on it in 1999 with Fannie, Freddie, and HUD. Again from the New York Times, and just as chilling to read in hindsight.

http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html?sec=&spon=&&scp=2&sq=holmes%20fannie%20mae&st=cse

The Federal Reserve was there in the beginning of it, right alongside the House & Senate Finance Committees and the Whitehouse administrations.

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