Fed Damage Control Courtesy Of Elizabeth Duke (Update: And Dennis "Have My Cake And Eat It Too" Lockhart)

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
strike for return to reality's picture

American Empire -- Game Over

MarketTruth's picture

(China says)
All Your Bases Are Belong To Us

You Are On The Way To Destruction

You Have No Chance To Survive
Make Your Time.

See video details at www.youtube.com/watch?v=qItugh-fFgg

ATG's picture

Hey, the Senate ignored the People,

reappointed Bernanke while the House spent all the money.

What else do we need - bread, circuses, food stamps

and Idol Lost Olympics?...

http://www.jubileeprosperity.com/

strike for return to reality's picture

>DUKE: IF HAD TO REDO, WOULD VOTE AGAIN TO MAKE LOAN TO AIG

Blankenfein is very relieved.  He knows who is going to pay his bonus in 2011.

ATG's picture

As if rearranging the

deck chairs on the

USS Titanic not enough-

now we get PR from

the dead Fed...

deadhead's picture

the dead Fed...

I have decided that I will give my avatar to Ben Bernanke should he decide to register at ZH versus his anonymous posts.

strike for return to reality's picture

I think he prefers to call himself "jm".

sysin3's picture

bitch, in all connotations of that word.

Anonymous's picture

Would again vote for loan to AIG? Are you kidding me? Does she read the papers?

Anonymous's picture

>DUKE: IF HAD TO REDO, WOULD VOTE AGAIN TO MAKE LOAN TO AIG

Is this one real? Because I thought this one was one of the joke lines that you sometimes insert in these releases.

Cognitive Dissonance's picture

When the principal strategy is Lie, Lie and Lie some more, you must do some "old lie" maintenance now and then. The best time to rotate the tires (I would fall in love again) is when you're in the shop for the 5,000 mile oil change (today's lies).

strike for return to reality's picture

While ZH is hardly a representative (of general population) forum, it does seem as though the percentage of people who know it is all a lie has gone up. 

Once the percentage gets to the right level, we have a Berlin wall (August 1989) moment.

July 4 would be a nice day to celebrate a real independence.

jdrose1985's picture

Yes ma'am, and Obama rides a skittles shitting unicorn.

Now about that oceanfront property in Iowa you guys just unloaded on me...

Fritz's picture

If this was such a routine/housekeeping non-event, why did they not just announce it at the last Fed mtg?

Something does not compute.

 

Racer's picture

China getting fed up with holding soggy toilet paper!

deadhead's picture

LOCKHART: STRONG Q4 GDP PERFORMANCE PROBABLY NOT SUSTAINABLE

yeah, like not sustainable through the first and second revisions.....

buzzsaw99's picture

DUKE: I TRIED A NEW DOUCHE AND NOW FEEL FRESH AS A DAISY

glenlloyd's picture

The water in the toilet swirls round and round....and then goes down

Racer's picture

I thought some ed Fed bloke said to expect no surprises at the FED meeting (said on the day of the meeting)....

 

hmmm perhaps he forgot to add... expect surprises afterwards...

Anonymous's picture

DUKE: WOULD STEER SHIP INTO ICEBERG AGAIN, WHAT'S THE BIG DEAL?

Anonymous's picture

DUKE: EXPECT BNKS TO USE PRIV SOURCES FOR NORML FUNDNG

Thanks, I needed a good laugh.

Anonymous's picture

The FED telescoped in the week of Feb 7 that their exit strategy in sopping up the excess liquidity would be to raies the interest on excess reserves rate --- which was at 0.25%.

According to a WSJ article discussing this on Feb. 7
"When the Fed is ready to tap the brakes, it plans to raise the rate paid on excess reserves, according to Fed officials in interviews and recent speeches. The higher rate would entice banks to tie up money they otherwise might lend to customers or other banks. The Fed expects such a maneuver to pull up other key short-term rates, including the federal-funds rate at which banks lend to each other overnight—long the main tool for steering the economy."

I guess someone at FED got confused and raise the wrong rate (sarcasm turned on) as the excess reserves rate has only been a tool in effectr extended to the FED since Oct. 2008.

Postal's picture

These guys have that whole forgiveness/permission thing down, don't they?

Racer's picture

new form of taxes for the UK... death tax may be announced

Not a joke!.... !!!

 

and the next version... we will keep you alive until you agree to sign here... pay up now and die quickly or we will make you die slowly

 

 

http://www.telegraph.co.uk/health/elderhealth/7230617/Row-erupts-over-Labours-secret-10pc-death-tax.html

Row erupts over Labour's 'secret 10pc death tax' The Tories have accused ministers of secretly planning a 10 per cent “death tax” to help pay for long-term care for the elderly and infirm.

 

Mr Lennon Hendrix's picture

I will point out, they have no idea what they are doing, nor have they ever, but i guess that is what makes it fun for them?  

Start working on the brakes after you drive off of the cliff, huh BS?  People on the damn bus don't even know whats going on.  

"Please put on your headphones and look down onto your ipaddd," said the bus driver Barry Sotero.  The sheeple bent over to grab their respective ipaddds, while the bus drove over the cliff.  "Please maintain your focus solely on your ipadd.  Please watch as Britney Spears seduces you poor saps ("Did he just call us 'poor saps'?") with another one of her routine songs, "Think About Having Sex With Me...All of the Time."  You will be made whole again 'merica.  Just look at your ipadds."  Someone in the back screams, "We are falling off of a cliff!"  "Not to worry," says Mr. Sotero, "BS Bernanke can fix the brakes."  BS swings out of a seat, he is eating a ham sandwich.  "Yep, no problem, I can fix it, I taught at Princeton."  Barry smiles and winks to the sheeple, "He taught at Princeton."

curbyourrisk's picture

Hmmm....vote 8-1 in favor of no rate hike at meeting.  Get Bernanke re-affirmed.  Come out days later and raise rates with a 9-0 vote.  Can someone tell me anything that fundamentally improved?  The only reason I see the FED made this was they are deepely afraid of not being able to sell next weeks auction of T-Bonds.  Anyone????  Anyone????

Tom123456's picture

ucvhost is a leading web site hosting service provider that is known to provide reliable and affordable hosting packages to customers. The company believes in providing absolute and superior control to the customer as well as complete security and flexibility through its many packages. cheap vps Moreover, the company provides technical support as well as customer service 24x7, in order to enable its customers to easily upgrade their software, install it or even solve their problems. ucvhost offers the following different packages to its customers

Tom123456's picture

ucvhost is a leading web site hosting service provider that is known to provide reliable and affordable hosting packages to customers. The company believes in providing absolute and superior control to the customer as well as complete security and flexibility through its many packages. cheap vps Moreover, the company provides technical support as well as customer service 24x7, in order to enable its customers to easily upgrade their software, install it or even solve their problems. ucvhost offers the following different packages to its customers