Bernanke Isn't Happy With Some Banks, He Wants Them All
Via Newcity Art
Whine/cry/moan OMG Chris Dodd don't throw the Fed in the Briar Patch!
Federal Reserve Chairman Ben S. Bernanke criticized a proposal in the Senate to limit the central bank’s supervision to the largest financial firms, saying it would undercut its ability to spot financial risks.
“The insights provided by our role in supervising a range of banks, including community banks, significantly increases our effectiveness in making monetary policy and fostering financial stability,” Bernanke told the House Financial Services Committee yesterday.
For fuck's sake, what does the man want?
Meanwhile, who buys that it's Chris Dodd's fault the Fed couldn't steer its way out of a paper bag lined with bright yellow arrows? I loathe the guy and even I won't blame that on him, Bernanke's giant pair swells larger each and every day. I don't know what's grown more in the last 2 years, the H.4.1 or his nuts.
Then we have Paul Volcker petitioning for a second Fed Vice Chair just to head up banking supervision (might I suggest a second Atlanta Fed President to head up their banking supervision? The track record isn't good) and I'm sure it has nothing to do with the Janet Yellen news. She can handle it. Totally. Just remember, Janet, righty tighty lefty loosy, you hafta squeeze the press the right way to get the $$$$ to come out.
This goes out to you, Dr Bernanke. For real, work it out with me now. Perhaps I wasn't alive when this came out but maybe I was created to it and Lord knows it plays in your head when you're thinking in $_$, ZB.