David Stockman: Blame The Fed!

Amen: ``As far as I'm concerned, Bernanke is the monetary Darth Vader. He has destroyed the bond market. Because fundamentally, in a healthy capitalist system, the interest rate in the money market and in the longer-term capital market is the price of money and the price of capital. And if the pricing system isn't working, if it's been totally crushed, disabled, manipulated, rigged, medicated, everything that the Fed has done with QE1, QE2, zero interest rates, Operation Twist - all the rest of this insanity - then we've destroyed the ability of the capital market to function and we're giving false signals in every direction.''