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They just can’t leave CNBC’s Rick Santelli alone, can they?
At today’s Senate Banking Committee hearing, Ben Bernanke answered Senator Evan Bayh’s (D. In.) reference to Rick Santelli’s criticism of this bailout package rewarding bad behavior, with the following parable about “Fire, and saving the neighborhood”…
“If you lived in a closely grouped neighborhood of wood houses… [...]

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The Bank of England has joined the U.S.  in quantitative easing. MarketWatch News quoted the BOE’s Mervyn King this morning  saying..
“Such measures are known as quantitative easing and amount to effectively printing money in order to boost the money supply.”
http://www.marketwatch.com/news/story/Bank-England-ready-boost-money/story.aspx?guid={43C469BB-02A8-4D35-A6C1-9C9956AAEB79}
” The Bank of England is prepared to further ease monetary policy and could buy British [...]

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Saving and creating jobs, needs to be Job #1.
Americans are willing to tighten their belts, and take their medicine. But, what they’re not willing to do, is do it alone. So far, we’ve had our priorities backwards.
The mantra needs to be…
“What’s good for Main Street, is good for Wall Street.”
…not vice versa.
State and local governments [...]

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We tried…
We called our Senators.
We faxed our Congressman.
And we encouraged our friends, family, and co-workers to do the same.
But, in the end…
We was robbed.
Because they waited.
They waited…
– until the US Dollar imploded.
– until Oil prices exploded.
– until inflation skyrocketed.
– until home values collapsed.
– until the economy rolled over.
– until the stock market crashed.
– until unemployment [...]

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What happened to the Ben Bernanke who just weeks ago, seized the “strong dollar” gauntlet from the Treasury Department, and led both Hank Paulson, and President George W. Bush in calling for a stronger dollar?
What happened to “that” Ben Bernanke?
Here’s all we got out of Ben Bernanke in today’s Fed meeting….
 
– No leadership.
– No guidance.
– And [...]

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