“If this guy prints more money between now and the election, I dunno what y’all would do to him in Iowa but we would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treasonous in my opinion.” Read more »
Maxine Waters Wants To Know Why John Mack’s Wife Got Money From Ben Bernanke And African American People Got NoneBy Bess Levin
Earlier today, Ben Bernanke had the pleasure of sitting down for a little Q&A with Congress about the economy. Former Real World cast member Sean Duffy inquired as to whether or not raising taxes would hurt job growth. Ron Paul asked if gold is money and had his mind blown when he was told it was not. And Maxine Waters wanted to know why two white bitches got money from TALF when minority-owned banks didn’t see a dime. Read more »
As you may know, we’re less than 20 minutes away from Ben Bernanke’s historic (!!!!!) press conference and it’s all people can do not to give themselves strokes over the whole deal. CNBC has rebranded itself the Bernanke Channel and spent the last 6 hours analyzing the event from every angle imaginable. Such as the Fed Chairman sitting versus standing, which Erin Burnett and Melissa Lee speculate is pretty significant. Read more »
And a current and former Fed chair discuss legacies over IM.
GaldalFed: re: Krugman…
GaldalFed: the post…about your FT thing
Maestro69: no idea what you’re talking about
Maestro69: was the guttersnipe trying to blame me for that contracted period of economic dislocation? he needs new material
GaldalFed: it was in response to your FT op-ed saying we should repeal Dodd-Frank
GaldalFed: “Alan Greenspan continues his efforts to cement his reputation as the worst ex-Fed chairman in history” Read more »
The Fed is wide open, okay? Now, if you wanna talk about these “audits” of monetary policy some people in Congress are calling for? That would have “a very bad outcome.” [Bernanke At The National Press Club;WSJ]
The good news: the economy is improving slightly! The even better news: you’re getting even more stimulus up in this piece! Read more »
This, and a psychological evaluation of The Beard, in Third Point's Q3 letter.
Shamrock Capital Private Equity Exec Identifies Latest Takeover Target: Some Sweet Jos A. Bank ThreadBy Bess Levin
The last time Ray Lopez bought a suit, Lehman Brothers was still standing. Now the managing partner at Greensboro, North Carolina, private equity firm Shamrock Capital Partners is ready to go wardrobe shopping again. Lopez, 43, plans to drop as much as $1,500 at Jos. A. Bank on two pinstriped suits, white dress shirts, and a handful of ties: “I feel more comfortable about the economy. Plus I’m seeing these big discounts everywhere.” [Bloomberg, not available yet]