Ben Bernanke’s Theme Song, After All He Is The Chairman of the Board at the Fed
Monday, September 22nd, 2008
Archive for the ‘money’ Category
Problems Surface as Credit Derivatives of Credit Derivatives Start Rotting
Tuesday, May 6th, 2008
Imagine successfully finding all the pieces to a broken porcelain cup and putting the cup back together.
Then imagine someone driving a dump truck over that porcelain cup, and asking you to put the cup back together again — FASTER this time. He then puts a gun to your head and starts the egg timer.
That’s what credit derivatives of credit derivatives are.
Rich people are just too funny.
Ben Bernanke + Investments Banks do not cook often and therefore do not know how to handle grease fires
Tuesday, March 18th, 2008
Oh! My goodness!! A grease fire.
A normal person would turn off the stove.
Then cover the pan to snuff the fire.
Nope, not the federal reserve.
When the money is burning and losing value, they throw more money on the pile of burning money.
How smart is that?
