Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments
OpEdNews Op Eds

Obama's Tin Ear on Bernanke---And Company

By   Follow Me on Twitter     Message earl ofari hutchinson     Permalink
      (Page 1 of 3 pages)
Related Topic(s): ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 1/24/10

President Obama ear can't be that tin on Fed Chairman Ben Bernanke. His wink and nod at the Big Banks and Wall Street's roulette play with public monies is a big reason for record breaking home foreclosures, record breaking bank executive compensation payouts, soaring bank profits, unemployment climbing again in December, a decade high number of Americans in poverty, and Scott Brown. Yet Obama's still busily jawboning senators to ram Bernanke through the Senate.

The checklist of Bernanke flubs is well documented. There's fraudulent AIG, JPM, and Bear Stearns bailout, the banks and financial houses went on a free wheel orgy in trading risky and ultimately hollow derivatives, the massive bait and switch sub-prime lending scams, the stonewall of details on how and to whom the Fed shelled out trillions through the Fed's special lending programs, the near total absence of tough regulatory oversight over the failed and flawed Wall Street banks and financial houses. All of this happened on Bernanke's watch.

Wall Street and Obama administration mythmaking about Bernanke aside, he didn't save a system from collapse. He saved a handful of flopped banks and financial houses that engaged in dubious stock spins, swaps and game playing with investor and public monies from a crisis that he and they helped create.

Next Page  1  |  2  |  3

 

- Advertisement -

View Ratings | Rate It

Earl Ofari Hutchinson is a nationally acclaimed author and political analyst. He has authored ten books; his articles are published in newspapers and magazines nationally in the United States. Three of his books have been published in other (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The House is duty-bound to Bring Articles of Impeachment against Clarence Thomas

Tea Party Now a Huge GOP Liability

Think of the Two Decade Embarrassment of Thomas We Would Have Been Spared If We had known about Thomas's Porn Alleged Ob

The Awful Transformation of Bernie Sanders

Clarence Thomas Can Breathe a Sigh of Relief with Weiner Downfall

Did Race Explain Penn State's Blind Eye to Sex Scandal?