Federal Reserve's Lessons From AIG: How To Fix The Central Bank

usnews.com:

The Federal Reserve made one unambiguous mistake: It kept interest rates too low for too long after the 2001 recession, in the forlorn belief that Wall Street money hounds would exercise restraint instead of getting drunk on cheap money and heading to the casino. The Fed also could have spotted the housing bubble sooner than it did and acted more quickly to deflate it. And once the financial system was in full meltdown in 2008, the Fed arguably could have done a better job managing the collateral damage.

Read the whole story: usnews.com

Comments

[invest in jobs]

03:43 PM on 12/02/2009

Now that Obama tacked unemployment benefits he needs to set his focus no on WALL STREET REGULATION and JOBS

good articles; http://financeopinionss.blogspot.com

[research]

03:53 PM on 12/01/2009

You are obviously trying to paper over the CDS investment loan without reserves fraud.

CDS is now 10 times the real Main Street economy.

And CDS is off track gambling.

Derivatives crashed the economy. see my profile for details and links.

Outlaw all derivatives

Force the Investment back to Main Street.

[maxhardon]

02:53 PM on 12/01/2009

Better job of managing collateral damage? They did a great job. Stole our money and gave it away for free to the banks.

[PhilipTaylor]

02:25 PM on 12/01/2009

IN 1913 CONGRESSMAN LINDBERGH SAID ABOUT FED, “FROM NOW ON, DEPRESSIONS WILL BE SCIENTIFICALLY CREATED.”

The Fed was specifically designed to create financial crises as plotted in 1910 by JPM, JD R0ckefeller, R0thschilds, and Warburgs met on Jekyll Island Georgia.

In 1913, FED Reserve Bank was created in a secret meeting and Congressman Lindbergh said, “From now on, depressions will be scientifically created.”

The Fed prompted irresponsible speculation by expanding the money supply sixty-two percent between 1923 and 1929 as they did in the 2000 decade.

Bernanke boss is death1y afra!d of an audit of his organization, “These measures are very much out of step with the global consensus on the appropriate role of central banks, and they would seriously impair the prospects for economic and financial stability in the United States.”

Bernanke may be worried about wearing an orange jumpsuit in the wake of an audit.

Bankster tool Barney Frank tried to derail the audit but failed as the committee voted for making their dealings KNOWN!

Bernanke “conceded the Fed had missed some of the riskiest behavior in the lead up to the crisis.”

[invest in jobs]

02:12 PM on 12/01/2009

News Flash: US economy is a scam

good articles http://financeopinionss.blogspot.co

[PhilipTaylor]

02:39 PM on 12/01/2009

Link does not work.

[PhilipTaylor]

02:06 PM on 12/01/2009

Almost 100 years of S1N will be revealed by an audit of the FED.

Do NOT confirm BERNANKE until the audit is complete and fully understood!

[PhilipTaylor]

01:46 PM on 12/01/2009

NO ONE CAN REGULATE THE FED BETTER THAN THE BIG OWNERS = LARGEST BANKS IN WORLD

BANKS REGULATING BANKS = MUST END!

The FED = DEBT CURRENCY CREATOR = DEBT LOADED Americans and Country #1 Debtor Nation

FED = PROVIDES USURY that makes BANKS L00T =Banks BORROW at 0% and Credit Card Rate 30+%

NICE Work if you can Get it!

Lincoln issued a Credit Currency and the BANKSTERS DID .....

[PhilipTaylor]

01:47 PM on 12/01/2009

WHAT HAS THE FED Reserve (19l3) Done for AMERICA by setting Interest Rates and Regulating Banks?

FED has worked to DRIVE AMERICA from

# 1 Creditor Nation in 1916 to
# 1 Debtor Nation in 2009

It has worked to REDISTRIBUTE WEALTH UP TO THE EXTRAVAGANTLY WEALTHY and Make the Average American LOSE WEALTH!

Causing the WORST IMBALANCE OF INCOMES IN US HISTORY!

We need to wrestle control back to OUR Government of Our Monetary Policy!

It is OUTRAGEOUS that the BIG BANK OWNED FED Reserve System runs our Monetary Policy for the Convenience and PROFITS of the Biggest Banks!

Simply make the FED Reserve an Agency within Government with OVERSIGHT by Government Accounting Office!

We must Democratize the FED!

The FED is now run to create Bubbles and Busts.

Bubbles = pull in the "SUCKERS" at High PRICES!
BUSTS = Harvest "SUCKERS" at LOW PRICES!
BAILOUTS = Harvest "ALL AMERICANS as SUCKERS" for GREEDY BANKSTERS

[higherstrategy]

01:40 PM on 12/01/2009

add to it the fact since 1964 the FED has been loaning Taxpayer Money to foreign nations WITHOUT Congressional Approval!

our Income tax was supposed to go to pay down our debt, but it seems the FED used THAT tax money to make loans, and never used it, OUR TAXES, to pay down debt.

That is FRAUD!

[PhilipTaylor]

01:46 PM on 12/01/2009

Yet another reason to AUDIT THE FED!

[invest in jobs]

01:36 PM on 12/01/2009

Get rid of the central bank. Problem fixed.

hat tip to http://financeopinionss.blogspot.com

[BannedNBoston]

01:16 PM on 12/01/2009

Audit Investigate Prosecute crimes.
Then NATIONALIZE THE FED!

[spinns17]

01:16 PM on 12/01/2009

audit the fed with the fbi i say.

[Ivan B Good]

12:52 PM on 12/01/2009

How about we just end the fed and go back to a commodity backed currency? What's wrong with deflation? That means prices are going down and life becomes less expensive.

[gbrooks]

12:55 PM on 12/01/2009

That makes it too hard for the banksters to bilk us, silly wabbit!

[platanoman]

12:59 PM on 12/01/2009

Every country is run on fiat money. Why the hell you want to go back to hard money? Whats the benefit?

[gbrooks]

06:56 PM on 12/01/2009

Currency backed by actual assets or intrinsic value makes it much more difficult to manipulate the value of it, whether that be up or down. Especially when those assets can be audited.

[TJCole]

12:34 PM on 12/01/2009

Why don't we Federalize the Fed...?

[KingBatguano]

12:07 PM on 12/01/2009

Lessons ? Fix ?

The entire assumption is fallacious . " Lesson " implies a High School kid who made an honest mistake. These men are CRIMINALS . You don't " fix " a ponzi scheme . You put the whole gang in jail .
The Federal Reserve Act of 1913 was a treasonous attempt to overthrow the Government through debt and the usurpation of the Congressional power to coin money . I've READ the Act . The entire thing is a scam .

[gbrooks]

12:55 PM on 12/01/2009

Well said King. Fanned.

[Jahbundance]

01:39 PM on 12/01/2009

you're 95 years too late. no political leader exists with the power to make that change. we have to work with what's at hand.