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Ron Paul Says Bernanke Should Own Up

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John Beagle View Drop Down
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    Posted: Apr 27 2011 at 4:48pm
Federal Reserve chairman Bernanke's press conference was "enlightening" and Bernanke needs to be more responding to the damand for transparancy, said Ron Paul.

Paul went on to say that that they make policy sound reasonable, but they don't admit to anything. When it comes to prices its never their fault.

Bernanke never admits that its the inflation of the money supply..

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http://www.marketwatch.com/story/ron-paul-to-ben-bernanke-own-up-to-problems-2011-04-27?siteid=bnbh
John Beagle

Middletown USA

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Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Posted: Apr 27 2011 at 4:51pm
What Bernake should have said...

... there’s something I have to say. Something the Federal Reserve has to say. We’ve screwed up. We’re sorry. But we can’t make things right unless you’re willing to help.

We were the folks who had both the power and the responsibility to pop the credit bubble before it enveloped the entire economy. I wasn’t the guy in charge then, but it’s not like I saw it coming. I think we did a better job once the financial crisis began. You folks have no idea how bad things would’ve gotten if I hadn’t broken every rule in the Federal Reserve’s Big Book o’ Don’ts. Half of what I did was arguably illegal. And, if I’m being honest, the biggest mistake I made was not stretching the law further and keeping Lehman from going under. Damn Lehman....


http://www.washingtonpost.com/blogs/ezra-klein/post/what-ben-bernanke-shouldve-said/2011/04/27/AF2WgozE_blog.html
John Beagle

Middletown USA

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John Beagle View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Posted: Apr 27 2011 at 4:54pm



John Beagle

Middletown USA

News of, for and by the people of Middletown, Ohio.
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John Beagle View Drop Down
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Joined: Apr 23 2007
Location: Middletown
Status: Offline
Points: 1855
Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Posted: Apr 27 2011 at 5:01pm
John Beagle

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