After the jump.


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Comments (81)

  1. Posted by guest | September 30, 2008 at 2:42 PM

    This is pretty stupid, EP.

  2. Posted by guest | September 30, 2008 at 2:43 PM

    the graph doesn’t go straight down when I tilt my head…

  3. Posted by guest | September 30, 2008 at 2:45 PM

    1 How could he be stupid? He went to Yale and HBS.

  4. Posted by guest | September 30, 2008 at 2:48 PM

    @3
    LEGACY! Thanks grand-daddy and daddy!

  5. Posted by guest | September 30, 2008 at 2:51 PM

    Dow up 400… cry wolf babies..

  6. Posted by guest | September 30, 2008 at 2:52 PM

    how many bunker-busters will it take to get the economy to cooperate. hmmm, carry the 1…

  7. Posted by guest | September 30, 2008 at 2:52 PM

    OK. Enough with the W.-knocking. I don’t like him much, but he didn’t cause this fuckfest…you could argue Clinton administration and “affordable housing push for people who could never afford homes in the first place” policy decisions did.
    I don’t even like W. but this post is what’s wrong with 80% of Americans who think this is just a Wall Street problem created by the Republicans.

  8. Posted by guest | September 30, 2008 at 2:54 PM

    this is Greenspan’s problem

  9. Posted by guest | September 30, 2008 at 2:55 PM

    @7 The is a Wall Street problem created by republicans.
    The Guy From Dellawhere.

  10. Posted by guest | September 30, 2008 at 2:56 PM

    After nailing yesterday’s bottom, financialtraders.blogspot.com has just issued a call to take the profits with NDX (nasdaq-100) at 1580. 80 NDX profits in less than 5 hours of trading!
    http://financialtraders.blogspot.com/2008/09/nq-qqqq-ndx-qid-stock-trading-profit.html

  11. Posted by miami | September 30, 2008 at 2:57 PM

    Yeah, and when he was President in 1998 last time we had a massive credit crunch that made the markets puke…oh, wait. Wrong guy.

  12. Posted by guest | September 30, 2008 at 2:58 PM

    Dear Mr. Ben Bernanke:
    Your housing bailout bill is a travesty. You are forcing the American taxpayer to pay $700 billion dollars to wealthy wall street bankers who made risky, highly speculative, over-leveraged investments. These bankers need to be put in jail for violating the Sarbanes-Oxley Act, not rewarded with taxpayer dollars. You were hired to defend the US dollar not destroy it by recklessly lending to speculators on Wall Street. You need to wise up and come out against this bill.
    Yours,
    The American Taxpayer

  13. Posted by guest | September 30, 2008 at 2:59 PM

    EP and Bess both suck, go blog for the ACLU or some $hit…

  14. Posted by guest | September 30, 2008 at 3:02 PM

    @13- bess didn’t post this, genioso

  15. Posted by guest | September 30, 2008 at 3:03 PM

    bring back Carney

  16. Posted by hedgehog | September 30, 2008 at 3:04 PM

    i don’t get it

  17. Posted by guest | September 30, 2008 at 3:07 PM

    Yeah, I agree with some posters that the outright hate for Bess is over the top, but give me a break. It is fine that you are liberal, you are an NYC journalist who went to Amherst(?), but it is stuff like this that just makes you both look incompetent. I am fine with political discussion and hate both ways for humors sake, but your liberal bias is coming out no matter how much you tell yourself it isn’t. Great job lately, but can we cut back on this crap.

  18. Posted by guest | September 30, 2008 at 3:07 PM

    14 – note the word BOTH. “Genioso” isn’t even English, are you a foreigner? Go back to the 3rd world and help improve your country before you talk about the USA.

  19. Posted by guest | September 30, 2008 at 3:07 PM
  20. Posted by guest | September 30, 2008 at 3:08 PM
  21. Posted by guest | September 30, 2008 at 3:09 PM

    @ 12, go look up the definition of “Narrative Fallacy.”
    You are a simpleton.

  22. Posted by guest | September 30, 2008 at 3:32 PM

    Greenspan didn’t close the window. He let the stank out!

  23. Posted by guest | September 30, 2008 at 3:35 PM

    “Go back to the 3rd world and help improve your country before you talk about the USA.”
    We’re headed there mate, won’t have to go anywhere.

  24. Posted by guest | September 30, 2008 at 3:46 PM

    @7, actually Bush wall all about the “Great Ownership” society and championed along with Congress policies to facilitate loans to the poors…i blame 1. Greenspan, 2. Bush, 3. Poors

  25. Posted by guest | September 30, 2008 at 5:21 PM

    @21 You cynicaly root for a bailout because it will personally benefit you. The reality is with the bailout bill as currently written you will be creating a moral hazard of more speculative lending and greater inflation. We need to defend the dollar and drive out the speculators. Sarbanes-Oxley manadates that these bankers tell the truth. They failed and now these bankers must go to jail.

  26. Posted by guest | September 30, 2008 at 5:23 PM

    @19-20 and now, with comments?

  27. Posted by guest | September 30, 2008 at 5:26 PM

    @17 said, “Yeah, I agree with some posters that the outright hate for Bess is over the top, but give me a break. It is fine that you are liberal, you are an NYC journalist who went to Amherst(?), but it is stuff like this that just makes you both look incompetent. I am fine with political discussion and hate both ways for humors sake, but your liberal bias is coming out no matter how much you tell yourself it isn’t. Great job lately, but can we cut back on this crap.”
    are you a moron? or just blind. bess didn’t do this post, EP did.

  28. Posted by guest | September 30, 2008 at 5:27 PM

    the amount of people on this site who can’t read a simple byline is astounding.

  29. Posted by guest | September 30, 2008 at 5:52 PM

    Re: 12
    Ben Bernanke responded to my e-mail:
    Dear Mr. X:
    Thank you for your thoughtful correspondence to Chairman Bernanke and for your suggestions for relieving the current strains on the U.S. financial system. Healthy economic growth depends on well-functioning financial markets. Consequently, helping the financial markets to return to more normal functioning will continue to be a top priority of the Federal Reserve. Again, we thank you for sharing your ideas. Please be assured that the Federal Reserve is working diligently to find and implement the best and most sustainable solutions to the current economic challenges. Sincerely, JPDBoard Staff

  30. Posted by Novice | September 30, 2008 at 6:06 PM

    @17 Not only are you a moron, but you have somehow failed to pick up on the fact that EP is a raging conservative. She also happens to be pro-competence, which is in short supply in Washington everywhere but the Treasury.

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