Charles Gasparino is just going to cut right to the chase– he’s seen that YouTube clip. You know the one, with the bears talkin’ economics and calling the chairman of the Federal Reserve “The Ben Bernank”? Someone sent it to him the other day and not just some pissant from a bucket shop on Long Island but a real live BSD.
I should point out that I was told to download the YouTube video not by some dopey trader during a slow day in the markets, but by a CEO in New York City who runs one of the biggest financial firms in the world. Bernanke’s senior staff has seen it too, I’m told, though a spokesman wouldn’t say whether the chairman has. “This video is going fucking viral,” the CEO told me with a laugh.
You know who’s not laughing? Charles Gasparino. After he got the clip to work (there were a few false starts and he didn’t have the volume turned on) he became filled with rage at these furry little shits.
While it’s easy to blow off a YouTube video as nothing more than a cheap shot created by someone with too much time on his hands, the fact that Bernanke or any Fed chairman has gone from relative mainstream obscurity—fed chairman for all the power in navigating the economy through their control of the country’s money supply have never exactly been house hold names in the majority of American households—to an object of popular derision and scorn really says something about Bernanke’s ability to remain an effective Fed chairman…
To be sure, QE-2 will probably work as well as QE-1, which means it probably won’t do much to spark an incredibly weak economy staggering under the weight of 9.5 percent unemployment. But that doesn’t mean Bernanke deserves all the crap he’s getting. He doesn’t because attacking Bernanke obscures some of the big problems facing the American economy as we conclude the second year of President Obama’s hope and change agenda that clearly isn’t working.
So whoever is making these things, let’s get one shining a light on the real problem. Let Chaz know if you need ideas for dialogue, he came up with some good stuff last night.
I’m sure Charlie would like to lie on Obama and slip him something while he’s face down.
Just sayin’
That video was factually challenged and borderline stupid. I suspect it was made by a tea-bagger.
I brought you change ni.gga what the fuck you thank ni.gga!
Examine your motives Chaz
Whenever anyone I meet tells me that they’re from Long Island or Staten Island, I immediately discount their presence. I know it’s wrong, but I do it anyway. Does anyone else do this?
“house hold” Nice, Chuckie. That is “border line” retarded.
I call them tea-baggers too because I’m also self-righteous.
A confidential source tells me they have the internet on computers now.
-CG
Nobody cares about your opinion Gasbag
Well that explains Chuckies frustration in the steam room at the Wall Street Equinox last night, but it still doesn’t explain where this rash came from.
Charles Gasparino; Schlong Merchant of the Equinox Steam Room, Proprietor of Anal Prolapse, Lord of da Lip Sweat……..he walks among us………
Funny as hell, simplistic, and in the Palin vein of : I can see inflation from my balcony, but it remains that QE1 helped a little bit, but not much, QE2 is not going to add much, and the comment about GS& friends is right on the mark. Banks are definitely front running the Feds.
Even in errors there is some truth
thanks, matt.
“After he got the clip to work (there were a few false starts and he didn’t have the volume turned on)…”
Ahhhh, sublime.
Run that by me again.
I think I’d like to lay on him instead, on top of his beefy bresaola to be precise. Oh my situation is is quite fluid right now.
Does it make the story less impressive if Chaz discloses that the CEO of Guerreiro Capital Management sent him the link?
Isn’t TDB called “Newsweek” now?
Serious question: Would it work as well (in terms of the stimulative goal) for the Fed to buy the bonds directly from Treasury? The premise of the buying is that it’s a good idea to put more money into the private banking system. So intuitively it makes sense to buy the bonds from either the bond-trading desks of banks or bond traders who simply have accounts at said banks. The Fed doesn;’t have to be so chummy with Goldman in particular, but the ‘buy from the Treasury direct’ option seems awkward to me.
Whenever someone makes a meaningless comment on DB, I immediately assume they work at UBS.
You’re right, Mike. And, Jesus Christ I am tired of voting for Bristol Palin every week!!!
Antisemite
gherkin, tsk, tsk.
- I’m not the “gherkin tsk tsk” guy but I’m a fan of his work
he would never tsk that. Only when i compare serena williams to king kong and/or comment on obama’s blue lips.
his boss Angela Bower sent him the link, but i’m not sure if the CEO part is factual.
We’d like to know why all the new economic stimuli is named after old ocean liners.
-Former Constellation Risk Management Consultant
We’d like to know why all the new economic stimuli is named after old ocean liners.
-Former Constellation Risk Management Consultant
That is how I feel about people from New Jersey…
@gherkin tsk, tsk.
Except for the line implying that the Ben Bernank single-handedly blew up the American economy, which may have been overstated, every last word in that video is pure truth.
you beat me to it
Will QE-4 be pronounced as “queef”?
Next we’ll see CG join the Warren Buffet fan club for his NYT Op-Ed ?
http://www.nytimes.com/2010/11/17/opinion/17buffett.html
A better response is from The Big Picture blog
http://www.ritholtz.com/blog/2010/11/dear-uncle-sucker/
Who really cares what Charlie “Gas Bag” rino has to say anyways..This meatball should be pouring cement or working in waste management like every one else that has his annoying autistic four-year old accent.
I know right..I mean for kike sake! let’s be civil
when all you have is a hammer every problem looks like a nail
AIG Quant?
I’m just waiting for inflation to hit when the Obama $600b is printed & put into circulation. Walmart just announed they have raised their prices for the past 2 months.
The next round will be known as the Spruce Goose.
I am surprised you shop at Walmart. Can you tell me if they announced a price increase on dictionaries?
That is how I feel about people from the South