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The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.

 
JoeNeubarth
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03/30/2008 12:42 PM
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The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.
The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.

In 1929, the Fed (Fairly new to the game at that time) did not do enough to help the economy. There were no written rules back then, and the Fed did not know how much authority it could assume. You might say it had an introverted personality and was reluctant to draw too much attention to itself. (After all, what would people think? Oh my gosh, how embarrassing!)

Now, with the mortgage crisis creating economic difficulty all over the globe, the Fed has stepped in aggressively and is doing an absolutely masterful job. The mortgage lending that started this whole mess came about under Greenspan. If the Fed can act as aggressively now with warnings and direct money infusion, how come Greenspan did not warn about the variable interest rate loans that were being foisted on the ignorant public? Was Greenspan a shill for the lending industry?

Millions of minorities were sold these loans and they did not have the financial savvy to see the serious problems they presented if the interest rates went up. The same thing applied to the auto loan industry where the item was not to make a safe and prudent loan, but to find a way to finance it so that the car could be sold. Over ninety percent of repossessions are from poor minority families.

Nearly half of the foreclosures are for homes being bought by minorities.

I distinctly remember Alan Greenspan endorsing low variable interest rate loans several years ago. What was wrong with that man. He surly knew what would happen once he started ramping up the overnight interest rate.

Ben Shalom Bernanke is proving himself to be a darn good man to run the Fed. He should have replaced Greenspan years earlier.
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LS

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03/30/2008 12:43 PM
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Re: The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.
Ben Shalom Bernanke
 Quoting: JoeNeubarth


oh look, another anti-jew.
Anonymous Coward
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03/30/2008 12:44 PM
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Re: The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.
Ben "Schlong" Bernanke
JoeNeubarth (OP)

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03/30/2008 12:58 PM
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Re: The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.
Ben Shalom Bernanke

oh look, another anti-jew.
 Quoting: LS


That is his name, you silly child.
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Anonymous Coward
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03/30/2008 01:01 PM
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Re: The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.
The fed have caused the economic collapse on purpose,by design,the USA will be replaced by the North American uNion by design

The FED are just "pretending" to try and put matters right

the Fed are Vipers of Satan
(ignorant people havent worked this out yet)
JoeNeubarth (OP)

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03/30/2008 08:30 PM
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Re: The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.
Well, I love your contribution to the conspiracy theory. I am prone to blame Greenspan, but like the job that Ben Shalom Bernanke is doing. Well, at least so far. You realize, of course that he is doing things that no other Fed Boss had the balls to do.
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Anonymous Coward
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03/30/2008 08:39 PM
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Re: The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.
Well, I love your contribution to the conspiracy theory. I am prone to blame Greenspan, but like the job that Ben Shalom Bernanke is doing. Well, at least so far. You realize, of course that he is doing things that no other Fed Boss had the balls to do.
 Quoting: JoeNeubarth


Well the Fed have to carry on pretending dont they ?

I mean the Fed have to act like they care,anyway its to late the USA is screwed and heading for martial law just as planned

all the Fed really care about is destroying the USA and replacing it with the North American Union and merging it with the Asian Union,Euro Union for their beloved NWO global goverment,thats all they care about FULL STOP

why doesnt Shalom Bernanke vioce support for Ron Paul and print billions for his campaign,never happen mate,the Fed is run by the most sneaky of rats and i am amazed that people cant see this

after Greenspan said that outsourcing jobs abroad doesnt matter should tell you what the Feds really are and we are meant to trust their new spokesman,what a sick joke the Fed rats are playing on us,oh well at least i have the brains to know their game
Anonymous Coward
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03/30/2008 08:42 PM
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Re: The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.
LS needs to start acting as an adult
Anonymous Coward
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03/30/2008 09:03 PM
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Re: The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.
Ben Shalom Bernanke

oh look, another anti-jew.
 Quoting: LS


You love to hype up the 'Jewish Victim' blah blah

"Awwww, look. Them poor oppressed Jews."
anonymous coward
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03/30/2008 09:42 PM
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Re: The Fed under Ben Shalom Bernanke has taken unprecedented steps to forestall an economic collapse.
Banks never wanted to make sub prime loans to individuals. Remember when banks "redlined" areas and wouldn't make loans in those areas?

The Fed Gov stepped in, accused banks of discrimination agains minorities. The feds then forced banks to make loans to minorities.

Even welfare minorities were given no money down loans for houses they had no chance or inclination to repay. The fed guv is nothing but a monster fuck up in all depts.

Now these fed scumbags want to openly prop up stocks and short PMs with taxpayer money. They have been doing this covertly for severeal years now.

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