| Bernanke is a Princeton professor socialized in the dismal science which means his thinking on economic matters is programmed a certain macroeconomic way. The conspiracy is a lot of wallstreet/big banking etc players cheated and committed financial hanky panky, even fraud in an unregulated area-the whole subprime mess. It was greed, and they paid themselves 39 billion in bonuses for that before the whole system tanked. Bernanke cannot undo all the financial crimes(in my book) already done and we will have to wade through the mess a while. Lowering interest rates helps hedge funds, speculators(the big boys) and banks resume the carry trade and make lots of money. Will some of that trickle down to the middle working classes or lower? Probably not much. Its all pathetic when your government doesn`t regulate and now congress is going to pass new laws after the fact. yeah, its frustrating, unfair, and more aggressive than usual as its hurt global markets. |
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