Comments on: Crisis Signs Overlooked by Federal Reserve

By: Andrew

Andrew — Sat, 19 Jan 2013 17:41:21 +0000

This ‘journalism’ is trying to interpret the findings in a certain way. It’s called armchair quarterbacking.

By: Jeff

Jeff — Sat, 19 Jan 2013 17:38:47 +0000

Wow – I learned so much from this article.

1.) Gross Incompetence and Galactic Ineptness are the defining characteristics of this administration and
2.) The main stream press won’t cover it until it’s too late.

Thanks! I feel so enlightened now. Oh yea – My paycheck just took a big hit too and I don’t make anywhere near $250K a year. Must be Bush’s fault right? But once again – I guess I’m too concerned with the truth and not being lied to (yet again). Silly me.

By: questioningmind

questioningmind — Sat, 19 Jan 2013 17:37:08 +0000

I’m still not quite done evaluating all the information about the crash of 1929 – it’s certainly not too late looking into all the factors that lead us into the 2007 crash. Also, because the Federal Reserve is a private entity with no significant checks and balances, we don’t really know what they are doing. Your demanding us to stay blind and that’s fine but I won’t join the bandwagon of the lemmings.

By: Bob Burnitt

Bob Burnitt — Sat, 19 Jan 2013 17:29:05 +0000

How can or could they “overlook” it. I am a Texsa State Certified Real Estate Appraiser and I told MY CongressBOY “Smoky Joe” Barton in 2002 the biggest collapse in HISTORY was coming due to the BLATANT Load Fraud and number pushing I was seeing in that LOUST crooked RACKET. This was a PUBLIC and a tape recorded meeting. HE RIDICULED me for sauing so. I told him Fannie may and Freddie Mac were going to collapse and they were TOO BIG for the Gubermint to bail out, and of course I KNEW the government is NOT SUPPOSED to bail them out, they are a PUBLILY TRADED COMPANY. He argued and insisted nothing was wrong. I QUIT that racket in 2004.

If *I* knew it was coming, how can all of those Brainiacs say they “didn’t see it comming”. When are they going to learn you CANNOT, “Spend you way in to Prosperity” as Keynes said. Keynes was WRONG and by going down the Keynesian Road they have broken the country, and really the world.

They are just trying to keep it EEKING along until they can take up the guns before the total Civil Collapse and declare Martial Law, you just watch!!!! I have not been wrong YET!! Bob Burnitt Ellis County Texas

By: Jeff

Jeff — Sat, 19 Jan 2013 17:22:08 +0000

These were supposed to be “The smartest people in the world”, the “Best and Brightest”. Here we are 6 years later and were still in the economic toilet and headed in the wrong direction (bankruptcy)

By: JpL

JpL — Sat, 19 Jan 2013 17:16:56 +0000

It wasn’t overlooked, it was intended. Bernanke is a criminal that has committed crimes against humanity, and he should be held accountable for those crimes. The Federal Reserve serves no one and nothing except itself. If you think that they care about you or your country, regardless of which country you call home; they don’t.

“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.” — Congressman Louis T. McFadden in 1932 (Rep. Pa)

[Note – From 1913 until now inflation of the dollar has been 2950%. A 1913 dollar would now be worth $.034. When I became a wage earner in 1950 I could buy a full breakfast, eggs, sausage, hashbrowns, shortstack, juice, and coffee for $.39. This morning I paid $9.60 for the same, an inflation of 2460%]

“A great industrial nation is controlled by it’s system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world– no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men.” — President Woodrow Wilson

By: Ted

Ted — Sat, 19 Jan 2013 17:13:38 +0000

Bernanke is not competent to run the Federal Reserve and he ought to keep his mouth shut with unsubstantiated comments every two weeks which cause ruckus on Wall Street and all foreign markets. If you look at his last six years at the Fed, he has not made any accurate predictions or projections on the status of the economy and his now infamous “fiscal cliff” has tumbled the economy in the US and on a worldwide basis.

By: DeeDee

DeeDee — Sat, 19 Jan 2013 17:08:09 +0000

Well, maybe Bernake did “overlook”, whatever. Does that even come CLOSE to the ignorance of George W. and Condie Rice in “overlooking” the well-documents warnings of terrorists using our airplances to attack America? And then, after that colossal failure, start TWO unfunded wars for no reason, and accomplished nothing but the killing of hundreds of thousands of people and AMERICANS AND OUR ALLIES, and destroyed two countries. Ah..the great Republican Party of Obstructionists, Ignorance, the Party of No, the Party of Guns, Religion and My Way of The Highway.

By: Michael

Michael — Sat, 19 Jan 2013 17:04:46 +0000

eib – the “intent of this article” is that it is news. Line one says “newly released transcripts”…hence the “reporting” of something “new” that has come to light. It’s called journalism.

j – The “it’s Bush’s fault” line has run it’s course…let it die. Any noted economist (not politically dem or rep) will tell you actually this started under Clinton in pushing banks to loan to people who weren’t credit worthy under the idea that home ownership was to be desired and without regard to the consequences of people not being credit worthy for a reason (hint…they didn’t pay smaller bills in the past – why would they pay a bigger bill (i.e. mortgage) any better now?)

And for everyone else – this article is reporting facts not opinion. Why does everyone have to get so mad and either support or oppose Bernanke? He either did or didn’t think a meltdown would be large scale – that’s it.

By: Don Thayer

Don Thayer — Sat, 19 Jan 2013 17:01:20 +0000

Scooter Libby didn’t do anything, it was Richard Armitage, who was never charged. Scooter Libby lied under oath – like Bill Clinton. George Bush didn’t cause the financial situation, he hired Ben Bernanke who was supposed to be an expert on the Great Depression and it’s causes. Apparently George Bush saw it coming and tried to mitigate it’s effects. Only Congress can pass law, and from 2006 – 2010 Democrats were in control.