Are Bernanke's Hands Tied? 8 Reasons the US May Be in Worse Trouble Than You Think »

Posted by: bizexpert 3 months, 2 weeks ago

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This article aims to explore- if not answer- these questions, through the prism of US monetary policy. In short, what can the Federal Reserve Bank do to forestall economic recession, or is it already too late?

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ximato946
April 11, 2008, 12:34 p.m.
Good news, Thank you for posting this for us.

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BoxMonkey
April 11, 2008, 1:20 p.m.
Bernanke is a mouthpeice only . The Federal Reserve is not even a part of our government . It's actually a private entity .

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  onlyonesecret
  April 11, 2008, 11:09 p.m.
  The corporations have taken over America, and the largest corporation of all is the Federal Reserve.
  
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nikkibabe
April 11, 2008, 5:12 p.m.
See what happens when a cowboy steals the Presidential elections?

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wildman6557
April 11, 2008, 6:23 p.m.
I don't want to defend Bush's idiotic policies, but a lot of what is happening now actually started under Clinton. This includes the wild under reporting of inflation and out sourcing.

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  loverman
  April 11, 2008, 10:22 p.m.
  wildman,
  The article doesn't cover anything before 2002, so where do you get that impression?
  "Finally, the Fed will take on a larger regulatory and oversight role of the financial sector. The unregulated origination and subsequent repackaging and collateralizing of mortgages is considered one of the prime causes of the current crisis." This confirms the fact that hedge funds and its unregulated operations have been one of the primary causes for this crisis. The keyword here is "unregulated". This was done in 1999 when Sen Phil Gramm placed the specific law in a bill which eventually passed. He's now the primary economic adviser of Sen John McCain's campaign. And McCain has called for more deregulation, not less, in light of this issue.
  
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MajJohn
April 11, 2008, 6:37 p.m.
Sure the economy started to turn sour in the last 2 quarters of the Clinton administration but the attack on 9/11 increased our problems in the economy. The housing bubble was bound to burst and eventually will be a good thing if allowed to run its course. The war further exacerbated things but the single greatest problem in this world is the overpriced cost of crude oil. Every nation that depends on imports, suffers and we're headed toward a world recession not just a US recession.
Net exporters of oil, even Mexico and Canada are doing fine, reaping the profits. Eventually the Arab world will realize that they are killing to golden goose and hopefully the crude prices will drop.
All this political posturing hides the real problem.

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  wildman6557
  April 11, 2008, 7:37 p.m.
  The Arabs know it. They don't like what is going on any more than anyone else.
  The real problem is the decline of the dollar and that has roots in out sourcing. We can't import $800 billion more a year than we export without things falling apart. It is the same as any other credit. Sooner or later the bank (China or Arabs) gets tired of giving out real products for paper (dollars). Then it collapses. That has roots in the Clinton adim and then of course Bush who never found an idiotic policy he didn't like.
  
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