Tuesday, July 28, 2009

Meet The Watchers


Senate Banking Committee Chairman Christopher Dodd and Richard Shelby, the panel’s top Republican, are concerned about giving the Fed additional power.

“Monetary policy is the primary function,” Dodd, a Connecticut Democrat, said yesterday in an interview. “The Fed’s job is to be somewhat of a cheerleader on the economy, whereas a systemic-risk regulator is the cop.”

Chris Dodd has been on the Senate Banking Committee for 26 years. Can he really think the Fed's job is to be a cheerleader? This is incredible.

If he sees a deeper purpose in Bernanke's public statements from the past few years, I think he's giving Bernanke too much credit.


Anonymous goldhorder said...

Of course Dodd would think that...speaking of Dodd...in the same breath. LOL. Pitchforks anybody? Tar and Feathers? Hey...As I said before when the mob starts forming I"ll be there.


7/28/2009 7:57 AM  
Anonymous Thomas Daulton said...

Hey, sorry for the "Off-Topic", but back to Sarah Palin, your post topic from several days ago:


...other people find her fascinating, too, but not for the same reasons!

7/28/2009 7:48 PM  
Anonymous goldhorder said...

Honestly Thomas....whatever Sarah Palin's faults are...they pale in comparison to Chris Dodd's. LMFAO.

7/29/2009 12:12 AM  
Anonymous Goldhorder said...

....and another thing. Lol. Watch the submitizens elect Dodd to another term! Democracy should be outlawed.

7/29/2009 10:54 PM  
Anonymous Anonymous said...

The 10 Worst Calls Of The Financial Crisis (PHOTOS)

-Ex-Treasury Secretary Hank Paulson: "I don't believe more regulation is the answer

-Federal Reserve Chairman Ben Bernanke: The subprime crisis was "contained"

-Daniel Mudd, former Fannie Mae CEO: A government takeover was "very unlikely"

-Sen. John McCain: "The fundamentals of our economy are strong"

-Jim Cramer: Bear Sterns "is fine...don't move your money"

-George W. Bush: Our financial system "is basicaly sound"

-Sen. Chris Dodd: "Fannie and Freddie are very solid institutions"

-Lloyd Blankfein, CEO, Goldman Sachs: "...people are seeing the light at the end of the tunnel."

-Rep. Barney Frank: Fannie and Freddie are "not in danger of going under."

-Former AIG CEO Jospeh Cassano: "It's hard for us to see..us losing $1 on any of those transations"

8/07/2009 4:31 PM  

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