"quantitative easing: 'It was the greatest backdoor Wall Street bailout'"

[ZombieApocolypse]

FED official responsible for quantitative easing: 'It was the greatest backdoor Wall Street bailout' ? RT USA

 

[ghuns]

I'm SHOCKED! Shocked I tell you. Wait... No, I'm not.

 

[Mgderf]

Remind me again what the Wall Street protests were all about?

 

[CarmelHP]

FED official responsible for quantitative easing: 'It was the greatest backdoor Wall Street bailout' ? RT USA

What? Now tell me the sky is blue or water is wet. Anyone with eyes or ears could see that QE was a taxpayer backed Wall Street welfare program. This is not news. At one time, there would have been outrage from Americans, but nowadays hardly a bleat passes anyone's lips.

 

[netsecurity]

Wall Street funds the Democrat party. Meanwhile the Democrats lie (like always) and claim that the Republicans represent Wall Street exclusively. Democrats also are funded by Hollywood movie studios and actors who are paid 30 million per movie, and yet these people have the gall to call Republicans the 1%'ers. All those Hollywood types went on TV in 2008 claiming the way out of the fiscal crisis was to elect Obama so he could raise taxes, which he did, but gave a (hard earned) exemption to Hollywood film studios!

The hypocrisy and lies within the Democrat party are all one needs to see to know they are just terrible people. At least conservatives don't have to lie about what they stand for, and constantly misrepresent their political enemies--all they have to do is try and spread the TRUTH, which aint easy (see my sig).

 

[spencer rifle]

Those who find the truth important will always be at a disadvantage (at least politically) to those who believe the ends justify the means.

 

[Jludo]

Wall Street funds the Democrat party. Meanwhile the Democrats lie (like always) and claim that the Republicans represent Wall Street exclusively. Democrats also are funded by Hollywood movie studios and actors who are paid 30 million per movie, and yet these people have the gall to call Republicans the 1%'ers. All those Hollywood types went on TV in 2008 claiming the way out of the fiscal crisis was to elect Obama so he could raise taxes, which he did, but gave a (hard earned) exemption to Hollywood film studios!

The hypocrisy and lies within the Democrat party are all one needs to see to know they are just terrible people. At least conservatives don't have to lie about what they stand for, and constantly misrepresent their political enemies--all they have to do is try and spread the TRUTH, which aint easy (see my sig).

You're kidding right? I believe it was Bush who appointed Bernanke and Obama who reapointed him. Obama continued the same bail out program Bush started. The republicans have no more a leg to stand on than democrats when it comes to the feds easy money and both are the party of wall street.

 

[Ash]

Didn't you know, that since the Democrats are evil, the Republicans are good?

Oh, wait...or was it the other way around.

 

[pudly]

Here is a link to the full, original article in the Wall Street Journal. It isn't terribly long and is worth the read. Apparently, there was a follow-up today by another former Fed Governor, but that one is blocked by the WSJ paywall. However, ZeroHedge's analysis is very interesting reading.

 

[CarmelHP]

This all has made another Great Depression more likely rather than less likely.

 

[pudly]

This all has made another Great Depression more likely rather than less likely.

Quoted for truth.

 

[nate77]

You're kidding right? I believe it was Bush who appointed Bernanke and Obama who reapointed him. Obama continued the same bail out program Bush started. The republicans have no more a leg to stand on than democrats when it comes to the feds easy money and both are the party of wall street.

He didn't say Republican, he said conservative.

I wouldn't call Bush Jr. or Sr. a conservative.

 

[Expat]

He didn't say Republican, he said conservative.

I wouldn't call Bush Jr. or Sr. a conservative.

But that doesn't fit the poster's narrative that he peddles every time he can.

 

[Jludo]

He didn't say Republican, he said conservative.

I wouldn't call Bush Jr. or Sr. a conservative.

It was implicit in his rant.