I am against Bernanke being reappointed because:
By Daniel at 25 January, 2010, 9:55 am
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1. He completely misjudged the nature and size of the crisis.
2. He created future moral hazard by allowing incompetent institutions to survive, who are now fighting regulatory reform and will if allowed to, perpetrate the same disaster all over again, but on a greater scale.
3. He refuses to acknowledge how the Fed’s loose monetary policy, caused the housing bubble.
4. He is punishing retirees and savers with negative interest rates, to recapitalize the banks, who are not making many loans, but instead are playing the yield curve game and paying themselves enormous bonuses and
salaries.
5.His money printing activities will destroy the value of our currency and create a hyperinflationary disaster.
6.It is not right or ethical to make the prudent and hard working, pay for the speculators, gamblers
and high fliers. Bernanke has become their enabler, at the expense of the masses.
7. This not what America should stand for.
Bernanke needs to go. Don’t tell me we can’t find someone else for this position. I wouldn’t believe. Main stream media is motivated by wall street. They want Bernanke & Geithner up there as their friends.
- Mr. Steel
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