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2009-11-29 — ritholtz.com
The key line in Bernankes impassioned(or is that dispassionate?) defense is simply this: Independent does not mean unaccountable.
If he can sell that to the public, the White House and just a few Congress critters, he will avoid seeing the Central Bank neutered . . .
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Comments:
tvsterling at 22:17 2009-11-29 said:
What independence? Bushy the Bungler ordered & the FED complied. THAT ISN'T INDEPENDENCE. Also a mealymouthed promise for 'Future accountability'. There has not been & will not be any accountability for this facilitator organization of thieves. All that is left to the people is radical reform. Congress may or may not be able to see thru this self serving drivel. If not it will be a long slog thru the mud to replace them (congress) with new representatives who can see thru the drivel & act in our interests. As for you Ben what you need to do is get out of your limo & start talking to, NOT DOWN TO, us 'common folk'; & I don't mean have a nice chat with your maid or your gardener. Permalinkadd a comment | go to forum thread
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