Tuesday, July 28, 2009

Meet The Watchers

Scary:

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.

5 Comments:

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.

http://www.washingtonpost.com/wp-dyn/content/article/2009/07/27/AR2009072703260.html?wprss=rss_business

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:

http://www.salon.com/comics/boll/2009/07/23/boll/index.html

...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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