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Here Comes Today's Fire And Brimstone Speech To Facilitate The Bernanke Vote, Courtesy Of Political Corpse Chris Dodd

Tyler Durden's picture




 

Ok, Mr. Dodd, the American people have had enough of the constant threats of an imminent apocalypse if the money printer is shut down. Instead of focusing on the dire situation his (and his predecessor's) ludicrous monetary policies have saddled a bankrupt America with, you continue to threaten with untold destruction should your lobby interests not get their desired outcome. Please leave already: it is your, and Barney Frank's, lack of actions at the proper time that is among the primary reasons for the current Great Depression V2: instead of endorsing ways to continue the wealth transfer from America's working class into the Wall Street "Financial Service Providers", we suggest you really focus on your family and leave politics to those, uncorrupted ones, who have not been tainted with scandal after ever-greater scandal.

From Dow Jones:

A top Senate Democrat said Friday that failing to confirm Federal Reserve Chairman Ben Bernanke for a second term could have "huge economic implications," but a Republican aide said his confirmation is likely not in jeopardy.

Senate Banking Chairman Christopher Dodd (D., Conn.) cited the impact that rejecting Bernanke would have on financial markets.

"I think if you wanted to send the worst signal to the markets right now in the country and send us in a tailspin, it would be to reject this nomination," Dodd told a group of reporters. "This is not naming someone to be an assistant secretary to something. This is the most important central banker in the world."

Dodd warned that rejecting the president's choice for the Fed chairman would have "huge economic implications, and people need to think about that." Speaking of Democrats who plan to vote against Bernanke, Dodd said he appreciated their frustration but argued that "they're missing the larger point. "That's a short-term answer," Dodd said. "And the short-term is going to create far many problems than it's going to solve."

We, for one, and the entire United States of America for another, now call bullshit on your empty threats, which will only impair the billionaires who should be in jail and not in corner offices south of Canal Street.

 

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Fri, 01/22/2010 - 14:38 | 202509 economessed
economessed's picture

Mr. Dodd, why do you hate America?

Fri, 01/22/2010 - 14:41 | 202516 TheGoodDoctor
TheGoodDoctor's picture

Douchebaggery!

Fri, 01/22/2010 - 15:16 | 202610 Daedal
Daedal's picture

...because when I want sound economic advice, I want to listen to no one other than Chris Dodd.

Fri, 01/22/2010 - 19:33 | 203053 Goldtoothchimp09
Goldtoothchimp09's picture

I say DoucheBUGGERY - because they took the time to douche the horse before buggering it.  Premeditated douchebuggery. 

Fri, 01/22/2010 - 14:45 | 202523 swmnguy
swmnguy's picture

God Dammit, I was eating stew when I read this.  Now I have to wipe up my monitor, my desk, my keyboard, set a bunch of papers to dry...

I mean, this is really funny stuff but now I've got a lot of cleanup work to do.

Fri, 01/22/2010 - 14:51 | 202547 SWRichmond
SWRichmond's picture

At least it wasn't a beer, then you'd have the whole "spilled beer smell" to deal with.

Fri, 01/22/2010 - 14:53 | 202554 swmnguy
swmnguy's picture

So true.  Small blessings.

Fri, 01/22/2010 - 19:00 | 202988 dumpster
dumpster's picture

 

 grab the ankles .. bend over and say augh,,

Fri, 01/22/2010 - 19:00 | 202992 dumpster
dumpster's picture

 

 grab the ankles .. bend over and say augh,,

Fri, 01/22/2010 - 19:01 | 202997 dumpster
dumpster's picture

 

 grab the ankles .. bend over and say augh,,

Fri, 01/22/2010 - 19:01 | 202998 dumpster
dumpster's picture

 

 grab the ankles .. bend over and say augh,,

Fri, 01/22/2010 - 19:01 | 202999 dumpster
dumpster's picture

 

 grab the ankles .. bend over and say augh,,

Fri, 01/22/2010 - 19:21 | 203032 Ripped Chunk
Ripped Chunk's picture

At it again dumpster?  "You repeat yourself when under stress"

Fri, 01/22/2010 - 21:25 | 203233 David449420
David449420's picture

Tourette Syndrome in print.

Fri, 01/22/2010 - 14:45 | 202526 lizzy36
lizzy36's picture

You do good work Mr. Durden.

Fri, 01/22/2010 - 14:47 | 202535 Assetman
Assetman's picture

I find it interesting that Mr. Dodd has something to say on the matter, yet the POTUS has remained silent.

Mr. Dodd is outside the lines of reality with his M.A.D. assertions.  Mr. Bernanke can be replaced, and the world will still spin on its axis at 23 and a half degrees.  Given what we've seen the past 4-5 years, we may all be better for the change.

Putz.

Slimeball.

Fri, 01/22/2010 - 15:36 | 202650 WaterWings
WaterWings's picture

yet the POTUS has remained silent.

+1

Fri, 01/22/2010 - 15:41 | 202667 deadhead
deadhead's picture

he won't be silent for long.

he either shitcans Bernanke or continues support.

grow some stones Barry and make the call.

Fri, 01/22/2010 - 16:23 | 202757 Kitler
Kitler's picture

Now that the advantages of the lucrative Democratic Party financial support promised by Rahm in exchange for pro-financial and pro-healthcare industry "reform" have been scuttled and rendered moot by the supreme court ruling yesterday...

One can only hope that Obama wakes up and makes the correct call. Unfortunately that is out of character with the man... No Drama Obama! 

Fri, 01/22/2010 - 16:32 | 202781 Miles Kendig
Miles Kendig's picture

DH - A person holding an office and running their area by committee by definition has no stones...

Fri, 01/22/2010 - 14:48 | 202537 SWRichmond
SWRichmond's picture

"I think if you wanted to send the worst signal to the markets right now in the country and send us in a tailspin, it would be to reject this nomination," Dodd told a group of reporters. 

Dodd, well trained by his handlers on Wall Street, obsesses about "the markets" rather than the economic condition of the lumpen proletariat.  Does he forget how "the markets" have recovered, while the economy has not?

A top Senate Democrat said Friday that failing to confirm Federal Reserve Chairman Ben Bernanke for a second term could have "huge economic implications," but a Republican aide said his confirmation is likely not in jeopardy.

We welcome those huge economic implications; throw Bernanke under the bus, and replace him with no one.

Fri, 01/22/2010 - 14:56 | 202562 swmnguy
swmnguy's picture

+10.  A close relative of mine is a lawyer who does a lot of bankruptcies.  He says, "What Recession?"  People running out of their EUC extended benefits are saying, "Recovery?  Are you nuts?"  If Dodd thinks the markets are the point of this whole enterprise we call the United States Of America, it's time for him to go home, now.  Markets exist to facilitate what we're all trying to do; not the other way around.  Idiot.

Fri, 01/22/2010 - 15:30 | 202638 WaterWings
WaterWings's picture

and replace him with no one.

+1

Gold standard, or Bust!

Fri, 01/22/2010 - 23:12 | 203337 David449420
David449420's picture

A nice short concise simple sounding suggestion on reforming the Monetary System.

So, I'm thinking about your suggestion.

The United States is supposed to have the largest gold reserves in the world.  The thing is, I keep hearing about gold coin issues being pulled because there is not sufficient material available. I keep hearing stories about tungsten filled gold bars connected to the US. I have heard numerous  times about the fact that the gold reserves have NEVER been audited.  What happens when America finds out when an audit is finally done that the US does not possess much gold?  I think that's gonna really be a serious hurtle to fix. 

Can one country go to the gold standard to base their currency on if the rest of the world does not go along at the same time?

How's that going to work out? I understand that the value of ALL the physical gold in the world is only a Trillion or so.  Doesn't that imply or limit the amount of commerce to a small multiple of the total value of all gold? 

If the entire world decided to go back to the gold standard, then we are talking about 1 global currency.  Seems to me, a lot of the lunatic fringe conspiracy theory whack jobs have been screaming about that for years as a development to fear/avoid/stop. 

I'm beginning to think that no one country can go it alone. 

There is, in the not too distant future going to be a need for a new currency based on sound monetary policies, and solid regulation to catch and stop the gaming that will occur. 

I ask myself, does that sound even remotely possible?  Get most of the countries of the world into a sit down & work out the problems?

Probably not in my lifetime.

I think a good goal for societies to work towards, though.

Note that I said Societies and not Government's.

I know that most of you who frequent Zero Hedge are tied up with and connected to the Financial World. Its very important to you. And you would'nt be here if you thought the system didn't have some serious problems that need to be dealt with right now. But you need to take a step or two back and look at the problems from the viewpoint of all society, not just the financial world.

We've got it backwards. Society should be useing the financial system for its benifit, not the financial system using society for its benifit.

In a perfect world the financial system would merely be a tool used to advance prosperity in a society, not the driving engine that creates economic bubbles  and makes or breaks societies.

The function of our monetary systems should be boring, stable, a dynamic unchanging bedrock of stability. A given that we all trust and don't have to waste any further time fixing.

So. There's a pipe dream. (literally)

Sat, 01/23/2010 - 06:10 | 203620 WaterWings
WaterWings's picture

David,

I really enjoyed your post. I feel the yearning for a better system. I ask you, request, that you seek to understand the solid, bedrock of a gold standard - a system that is not prone to manipulation.

Many complain that our society wouldn't function with a gold standard and they are exacly right! Our current system would not function if gravity were applied! The gold standard simply scoffs at the idea that a government is smarter than the governed people. The governed people will rise, as always, and reclaim their right to peace under the natural law. A gold standard ensures that a government cannot rob its citizens of their wealth; their sweat.

A bad law is an illegal law - and should not be followed:

You cannot make men good by law: and without good men you cannot have a good society.
C. S. Lewis

Avoid the wrath of the good.


Fri, 01/22/2010 - 15:41 | 202665 Anonymous
Anonymous's picture

Dudd has never been concerned with the Lumpenpak back in Connecticut and will soon be retiring to his humble abode in Ireland. Extradition from Ireland must be pretty difficult.

Fri, 01/22/2010 - 17:07 | 202842 THE DORK OF CORK
THE DORK OF CORK's picture

We have enough criminals and idiots over here - deport Dodd to Haiti

Fri, 01/22/2010 - 16:35 | 202790 Anonymous
Anonymous's picture

Dodd warned that rejecting the president's choice for the Fed chairman would have "huge economic implications...."

So...Ben could resign? How hard is that? I mean, geez, there's still 59 Dem senators. Don't these people talk to each other?

Fri, 01/22/2010 - 14:48 | 202540 cougar_w
cougar_w's picture

Hey guys, lighten up here. Dodds is just trying to land his next job. Sprucing up the old resume. You know how it is. GS won't hire anyone who isn't on the right side of a debate.

Fri, 01/22/2010 - 18:46 | 202961 Problem Is
Problem Is's picture

Dodd is dumber than a box of rocks... the only GS position Dudd is qualified for is...

Men's Bathroom Attendant

"Towel Mr. Blankfein? Shine?"

How can one small state turn out so many Super Douche Senators so prolifically?

Fri, 01/22/2010 - 14:51 | 202548 chet
chet's picture

"Confirm him or the market gets it!"

Fri, 01/22/2010 - 15:41 | 202666 AtTheMurph
AtTheMurph's picture

You dirty rats!

Fri, 01/22/2010 - 14:51 | 202549 waterdog
waterdog's picture

It appears Mr. Dodd has not returned the call this morning from the oligarchy. It is getting too hot for the oligarchy. Damn bloggers are getting too close. The oligarchy needs this Bernanke BS over, now.

The oligarchy is making calls today to inform the politicians that a yes vote means a no vote for campaign cash in November. Thank you Supreme Court.

 

 

Fri, 01/22/2010 - 14:51 | 202550 waterdog
waterdog's picture

It appears Mr. Dodd has not returned the call this morning from the oligarchy. It is getting too hot for the oligarchy. Damn bloggers are getting too close. The oligarchy needs this Bernanke BS over, now.

The oligarchy is making calls today to inform the politicians that a yes vote means a no vote for campaign cash in November. Thank you Supreme Court.

 

 

Fri, 01/22/2010 - 14:53 | 202555 colonial
colonial's picture

For the most part, Capitol Hill is not capable of discounting as many cross-currents as Wall Street.  Financial professionals continually examine, global macro and micro factors and adjust asset valuations in real time.  In Washington, its been all about healthcare. 

The real turning point hit with the Mass. Senate race which broke the fragile coalition required to pass the 2,000 page hell bill. 

The White House did what campaigns do...political strategists call it "the pivot."  And the pivot is bank bashing.  This is a serious problem for Geithner and Bernanke. 

Until the WH decides it can advance its political agenda through some other means, the banks will be a constant target. 

Fri, 01/22/2010 - 16:09 | 202722 Anonymous
Anonymous's picture

That is correct. It shows the hollow, populist panderer Obama is. His weekly deep reflection asks, Which way is the wind blowing?

But be careful, most on this site voted for him.

Fri, 01/22/2010 - 18:54 | 202974 Problem Is
Problem Is's picture

" populist panderer Obama"

Yes Anony, I think it is time for another one of those regular as metamucil appearances with some numb nut MSM hack like Charlie Gibson and the usual:

"I get it. I assure you."

Bullshit Barry doesn't get. I can assure you.

The Political Messiah was not paid $600 million in lobbyist campaign bribes to run for president just to get in the WH and get it. He was handed all those Bernank-ster bucks NOT to get it.

Fri, 01/22/2010 - 19:44 | 203071 ZerOhead
ZerOhead's picture

G.W. Bush... "You dance with the one that brung ya" (sic)

Fri, 01/22/2010 - 14:54 | 202557 sysin3
sysin3's picture

Dodderer,

Go sell crazy someplace else, we're all stocked up here.

Fri, 01/22/2010 - 14:54 | 202558 John McCloy
John McCloy's picture

No suprise. That is why he is not running in 2010 because he cannot win.

He is just trying to line up his future gig. Out with the political waste.

Fri, 01/22/2010 - 14:58 | 202565 lizzy36
lizzy36's picture

At least when Bush spoke i could always count on being amused by his inability to speak English.  With Obama i just want to hurl something at the TV. 

"averted the 2nd great depression" my ass.

Fri, 01/22/2010 - 15:04 | 202582 Hephasteus
Hephasteus's picture

The banks are going to buy something that makes them A LOT OF MONEY. You heard the psychic.

12 of these have been ordered.

http://news.softpedia.com/news/IBM-Proposes-the-Fastest-Laser-Printer-in...

Fri, 01/22/2010 - 16:05 | 202713 Anonymous
Anonymous's picture

+1 million. I get so disgusted when that hypocritical windbag opens his mouth anymore, I just change the channel.

Fri, 01/22/2010 - 14:59 | 202567 JuicyTheAnimal
JuicyTheAnimal's picture

If you miss me on here in the next week it is because I have crawled into my oven to protect myself from the falling sky....in case he does not get enough votes for reconformation. 

Fri, 01/22/2010 - 15:00 | 202570 Hephasteus
Hephasteus's picture

Can't the fed skull fucking monkey do the job alone or does he have to have the human? Couldn't we just grease up bowling ball and put it in front of the printing press?

Who was that researcher guy who made the rape rack for the monkeys so the abused monkeys could mate and have children and he could see how they treated them. I'm sure he could make something that would work.

Or if he isn't confirmed he could go help poor africans by loaning them money and beating them up if they didn't pay the bills on time. Or spending some time with Dodd's wife and family.

Fri, 01/22/2010 - 15:10 | 202594 Transor Z
Transor Z's picture

Wasn't skull fucking outlawed back in 2007?

http://www.theonion.com/content/video/live_from_congress_the_skull

Fri, 01/22/2010 - 15:01 | 202573 carbonmutant
carbonmutant's picture

Look guys apocalyptic threats have been very effective in helping this administration to loot the Treasury. It worked for the last administration and it's been very profitable for this one. You can't expect them to give up easily on what has worked so far.

Fri, 01/22/2010 - 16:08 | 202718 Miles Kendig
Miles Kendig's picture

Yes indeed.  Still waiting to see who reads the memo from the public stating that bail-outs must end, the budget must get balanced and the debt must be paid off.  So far, both parties are sticking with the tried and true that has led them both to political ruin and the nation to financial ruin.

Fri, 01/22/2010 - 15:03 | 202578 Shameful
Shameful's picture

Dodd to America

"Up your ass with broken glass!"

Shouldn't Dodd being for Uncle Ben mean that anyone with 2+ functioning neurons would be against it?

Fri, 01/22/2010 - 15:22 | 202622 Missing_Link
Missing_Link's picture

You're talking about 2+ functioning neurons in a country that elected a lot of these imbeciles in the first place (while we were busy flipping condos in Vegas and Miami because home prices would never go down)?

Fri, 01/22/2010 - 15:05 | 202585 Wynn
Wynn's picture

I'd be pissed if I were an assistant secretary to something

Fri, 01/22/2010 - 16:10 | 202725 Miles Kendig
Miles Kendig's picture

Still carries more juice than being an assistant vice president of something.

Fri, 01/22/2010 - 15:07 | 202588 Transor Z
Transor Z's picture

The graveyards are filled with indispensable people, Dodd.

 

Nobody is above the democratic process and rule of law and nobody, but NOBODY puts baby in the corner.

Fri, 01/22/2010 - 15:17 | 202612 deadhead
deadhead's picture

The graveyards are filled with indispensable people, Dodd.

Very.well.said.

And.true.

Amen

Fri, 01/22/2010 - 15:49 | 202644 Hephasteus
Hephasteus's picture

+100

Much better than the Dodd's statement. Which I think he stole from this which may have been derived from a CIA briefing or something.

http://www.youtube.com/watch?v=ENWgEwyoWuA

Fri, 01/22/2010 - 15:55 | 202697 JR
JR's picture

Rejecting the president's choice for the Fed chairman would have huge economic implications, and people need to think about that. - Chris Dodd

Okay, I’ve thought about it.  Thanks for relaying the oligarch’s message—even if you are a messenger from the grave.  But, hey, I know when you leave the Senate you still have to eat.  I mean if they don’t take care of you after what you’ve sacrificed--your seat and everything--who can you trust?

Fri, 01/22/2010 - 16:01 | 202705 faustian bargain
faustian bargain's picture

nobody, but NOBODY puts baby in the corner.

classic.

(RIP Patrick Swayze)

Fri, 01/22/2010 - 15:07 | 202591 DonnieD
DonnieD's picture

Dodd actually claims the nay voters are "missing the larger point" and not reconfirming him is a "short term answer". In truth, it's just the opposite. He's so corrupt he can't see what's going on.

Fri, 01/22/2010 - 16:04 | 202693 Hephasteus
Hephasteus's picture

Of course. Anyone who goes against the powers that be do it out of sheer ignorance.

: the state or fact of being ignorant : lack of knowledge, education, or awareness

They try to make us aware. We become aware and figure out how fucked up it is. Then they call us ignorant and teach us again. We come to the same awareness, they call us ignorant and teach us again. It's like having a teacher that had 12 strokes over the summer and a lesson plan they won't let go of.

Then they tell us we can't audit the fed becasue then we'd know stuff that would be bad. Maybe all we'd know is that when they call us ignorant it's because we were right and they won't let go of thier we're not going to inform you because we need to call you ignorant all the time to maintain control.

Dear Sir:

We regretfully inform you that you are in a permanent state of ignorance. Please don't drop out of school as we need the tuition fees.

PS. We'll get the teachers to give you blowjobs if you stay.

                                                                                          Signed,

                                                                                          America Fuck Ya!!!!

Fri, 01/22/2010 - 21:15 | 203204 WaterWings
WaterWings's picture

Recent TSA prankster's name: State Secret

$2.2 Trillion Bloomberg FOIA request: State Secret

Fed Books: State Secret

CIA Kidnapping and Torture: State Secret

...

Hmm. Soon, campaign funding sources will be a State Secret. But even the obvious stuff still available for public view (Timmy's phone records) are not enough to elicit a knee jerk from the braindead majorities in the Un-tied States.

 

Fri, 01/29/2010 - 22:31 | 211658 Kitler
Kitler's picture

2012 Election results?

Fri, 01/22/2010 - 15:11 | 202595 Racer
Racer's picture

Oh dear, oh dear, oh dear, the banksters don't like it, so threaten the world....again.... with economic collapse to get their way.

Sounds like a two year old screaming and yelling, throwing a tantrum on the floor because he can't get his own way.

Why should the US people be subject to these sort of threats to justify banksters status quo and Wall Street's cushy risk free access to the pockets of the ordinary US citizen?

 

Fri, 01/22/2010 - 15:12 | 202598 Dixie Normous
Dixie Normous's picture

I CAN'T WAIT TO VOTE THIS TOOL OUT OF OFFICE!

oh, right, I forgot......

Fri, 01/22/2010 - 15:13 | 202600 deadhead
deadhead's picture

Hey, Chris Dodd..go phuck yourself and retire to your sweet real estate deal in Ireland, ok?

And cut out the bullshit about the world will end scenario because the vast majority of Americans do not support Bernanke and are smart enough to see that assholes like Bernanke are robbing this country blind.

 

Fri, 01/22/2010 - 15:13 | 202602 SteveNYC
SteveNYC's picture

Dodd is a piece of crap. His citizenship should be revoked, and he should be thrown in Guantanamo.

How dare he rear his ugly mugg and threaten people this way. P.O.S!

Fri, 01/22/2010 - 15:15 | 202605 crosey
crosey's picture

Congrats Chris, spoken like a true GS Chairman candidate!

Fri, 01/22/2010 - 15:16 | 202609 no cnbc cretin
no cnbc cretin's picture

If you think things are bad now, watch this:

http://www.youtube.com/watch?v=PKZKETizybw&feature=player_embedded

Fri, 01/22/2010 - 21:55 | 203266 ZerOhead
ZerOhead's picture

I think Keith Olbermann nails it. This is simply the end of the experiment called "American democracy".

Unfortunately most will miss the implications of this event... the biggest news story in 2010... perhaps ever.

Remember this movie?

Jonathan!... Jonathan!... Jonathan!...

http://en.wikipedia.org/wiki/Rollerball_%281975_film%29

 

 

Fri, 01/22/2010 - 22:25 | 203323 WaterWings
WaterWings's picture

MSNBC is the arch-rival of FOX. Neither is good for this country.

Olbermann spews acid for 11 minutes without actually enlightening his viewers. He is insulting you! He only mentioned the word "fascism" once, even though it was the, entire, theme, of, his, vitriol. Enlighten? He never once spoke about the 14th Amendment and how it has been twisted:

http://en.wikipedia.org/wiki/Fourteenth_Amendment_to_the_United_States_C...

And here the controversy is explained:

http://en.wikipedia.org/wiki/Corporate_personhood_debate

So now campaign finance is "unlimited" - this is very bad, but like most of what Olbermann posited it ain't nothin' new! This is all to make you feel helpless, but hate those teabaggers and corporation-loving Republicans. WTF? He is shouting down, day after day after day, an ascendant independent party that is pissed. I just bought a Gadsden flag today and am proud to follow in the footsteps of greatness.

Fuck Olbermann and his spin, lies, and garbage.

We need to get something off the ground: The Rattlesnake Party

 

Fri, 01/22/2010 - 15:23 | 202625 bugs_
bugs_'s picture

Countrywiders for Ben!

Fri, 01/22/2010 - 15:25 | 202627 Bearish Spirits
Bearish Spirits's picture

Thanks for the commentary on this scumbag, Tyler.

What the politicians and financial wizards fail to realize is that a smaller percentage of Americans are directly dependent on the market for gains compared to 2008/2009.  Sure, the media will join in the scare tactics to whip up fear, but the only ones dependent on the market are investors of all types.  Many have converted to short-term trading so they won't get caught by another crash.

Fri, 01/22/2010 - 15:25 | 202628 Anonymous
Anonymous's picture

Chris Dodd is a whore. We love Senator Feingold here in Cheeseland!

Fri, 01/22/2010 - 15:26 | 202634 Anonymous
Anonymous's picture

more of this if we don't do this it's doomsday for us bullshit.

the saddest thing is people actually listen to these idiots.

this country is so far gone it's beyond pathetic.

Fri, 01/22/2010 - 15:29 | 202636 carbonmutant
carbonmutant's picture

Ben's lobbyists must have taken Dodd out to dinner last nite...

Fri, 01/22/2010 - 15:30 | 202639 Anonymous
Anonymous's picture

Now I am really, really scared!

Fri, 01/22/2010 - 15:30 | 202640 Anonymous
Anonymous's picture

Dodd knows what he is doing. Keeping the Fed debt machine going means bucks for the banksters. Ruml said in 1946 that if you had a central bank and a fiat currency you didn't need taxes to fund the government.
There is a lot of profit in printing money and buying treasury securities.

Fri, 01/22/2010 - 15:33 | 202646 Rick64
Rick64's picture

I think if you wanted to send the worst signal to the markets or anything else you would get Chris Dodd to comment on it.

 

Fri, 01/22/2010 - 15:37 | 202656 Winisk
Winisk's picture

Haines said something to that effect this morning as well on CNBS.  People wouldn't be happy if they wake up the morning after with a 400 point drop.  Oh the horror.

Fri, 01/22/2010 - 15:57 | 202704 lizzy36
lizzy36's picture

I think "people" would be happy with jobs and a stable currency.  As opposed to an easy money policy which facilitates blowing of bubbles, that only seem to benefit upper echelons of society. 

Fri, 01/22/2010 - 16:12 | 202728 Miles Kendig
Miles Kendig's picture

+1

Fri, 01/22/2010 - 15:46 | 202658 George the baby...
George the baby crusher's picture

Just an observation...Now don't hang me for this one, I'm not implying anything, but, were I  to read this article and Tyler's commentaries anywhere else but here, I would think it was written by a marxist.  You know what I'm talking about, the working class verses the billionaires yada, yada, yada.  Now, do I have a point to this oh so feeble ascertainment? If I do have a point it would be that I'm becoming a marxist.  This plaques me somewhat.

Fri, 01/22/2010 - 15:50 | 202686 RatherBFlying
RatherBFlying's picture

The key difference here is that all Marx really wanted was to fuck the little people himself. What we're talking about here is productive people being rewarded for their industry without the goddamn-blood-sucking-squid-that-is-the-finance-industry rigging the game with the assistance of a corrupt government.

Fri, 01/22/2010 - 16:04 | 202712 George the baby...
George the baby crusher's picture

Oh, you mean social inequality and class struggle, the Bourgeoisie/proletariat conflict?

Fri, 01/22/2010 - 16:09 | 202723 Ripped Chunk
Ripped Chunk's picture

No George, I think what he means is that you are not a pig that flies but just a regular old Fox News watching ground dwelling pig in a pen of shit that eats any little shitty morsel that drops out of your TV.

Fri, 01/22/2010 - 16:18 | 202747 George the baby...
George the baby crusher's picture

You probably didn't read the last lines of my post, I would summarize this as pointing out that I agree with what Tyler writes. Feel free to read it again, why not get your 12 year old to translate into simpler terms if you're still not getting it.  And no we don't get Fox News in Sweden.  Oh, and self medicate.

Fri, 01/22/2010 - 16:33 | 202785 RatherBFlying
RatherBFlying's picture

No, George, you don't understand... what he is saying is that you are a dick... you know... a hanging penis. I agree with him. And we had Marla run one of polls... so does everybody else, dude.

One person calls you a jackass, no big deal. Ten people call you a jackass... it's time to go shop for a saddle.

Fri, 01/22/2010 - 19:06 | 202985 Ripped Chunk
Ripped Chunk's picture

+10

You have to love a Swede talking about Marx.  Saddle up!

Fri, 01/22/2010 - 19:07 | 203006 George the baby...
George the baby crusher's picture

I live in Sweden, therefor I am a Swede.  Salmon is a fish, therefor all fish are salmon?  People like you, make it hard for people like me to defend Americans like us in places like this.  

Fri, 01/22/2010 - 19:13 | 203017 Ripped Chunk
Ripped Chunk's picture

Come again?

Fri, 01/22/2010 - 19:15 | 203021 George the baby...
George the baby crusher's picture

Yous white trash ain't ya?

Fri, 01/22/2010 - 19:40 | 203037 Ripped Chunk
Ripped Chunk's picture

Thats real easy from behind a keyboard in Stockholm. Nope, I'm just a rude person. But I am generally nice when I encounter intelligence.

Where would I have to live and what would I have to do in order to qualify for your "white trash" exemption??

Sun, 01/24/2010 - 17:30 | 204742 George the baby...
George the baby crusher's picture

White trash isn't an address, moron.  It's a state of mindlessness.

Mon, 01/25/2010 - 17:25 | 205681 Ripped Chunk
Ripped Chunk's picture

Let's get together for a personal meeting. What do you say???

Fri, 01/22/2010 - 19:41 | 203041 Ripped Chunk
Ripped Chunk's picture

>

Fri, 01/22/2010 - 19:49 | 203080 Ripped Chunk
Ripped Chunk's picture

Now I am interested.

Who in your country do you consider to be "white trash"? Where do they live? What do they do that makes you fear and loath them?

Fri, 01/22/2010 - 20:28 | 203131 Rick64
Rick64's picture

You people that critisize other people to a degree of ridicule just because you don't like what you hear, are showing your immaturity. How about some intelligent rebuttal and leave it at that, instead of personal attacks.

Fri, 01/22/2010 - 21:24 | 203225 WaterWings
WaterWings's picture

I think the article meant "working class" as synonymous with "lower and middle class". Basically anyone that doesn't use the government to further their profit making ability - although we are so far down the road of corruption you can find examples of gov't enhanced business at all levels of society. Do you think crack dealers are spennin' their Benjamins on food? That's what food stamps are for. 

Fri, 01/22/2010 - 21:23 | 203231 Anonymous
Anonymous's picture

OK referee Rick

Fri, 01/22/2010 - 21:25 | 203234 Anonymous
Anonymous's picture

OK Referee Ricky

Fri, 01/22/2010 - 21:28 | 203242 Ripped Chunk
Ripped Chunk's picture

Thanks Referee Ricky

Fri, 01/22/2010 - 19:41 | 203002 Ripped Chunk
Ripped Chunk's picture

<

 

 

Fri, 01/22/2010 - 16:27 | 202756 Miles Kendig
Miles Kendig's picture

deleted

Fri, 01/22/2010 - 16:36 | 202775 George the baby...
George the baby crusher's picture

What the hell is wrong with you people.  All I'm pointing out is, would any of us, read or write this kinda stuff 3 years ago....No, a lot has changed.  In fact the rich f..cks have ripped off the working class.  And that's what's got us all wound up, right?  Right....well then it has become a class struggle.  F..uck forget it people, this used to be a site where comments were smart, and discussion intelligent.  What happened?  Expected more from you MILES.

Fri, 01/22/2010 - 19:08 | 203009 Ripped Chunk
Ripped Chunk's picture

Whaaaaa!

Expectations should be diminished going forward. Especially yours.

Fri, 01/22/2010 - 22:06 | 203303 Miles Kendig
Miles Kendig's picture

WTF?!~ Expected what more?  I said NOTHING!  Why are you in a friggin' twist over a comment that isn't?  What I posted at first was not meant for this spot, but perhaps I was mistaken....  Do inform me what is so disturbing about a non-comment?  Deleted is just like duplicate with me... Except that if I said duplicate and there had been only one comment here I would be an even bigger fool than I am presently.

Sat, 01/23/2010 - 03:47 | 203589 George the baby...
George the baby crusher's picture

Miles, before you deleted your message it said something about forgetting to call me a pinhead, if it was placed incorrectly, then I'm sorry.  But at the time it seemed like you joined the lynch mob.  That's not so hard to understand is it?

Mon, 01/25/2010 - 04:29 | 205122 Miles Kendig
Miles Kendig's picture

Not at all. In fact I may well have jumped in as well were I in your position.  The mitigating factor being the nearly instantaneous nature of my amended comment.  Once I realized my mistake and corrected it I would have expected you to do the same.  At least that was the outcome I would have expected from the history of your commentary.

I welcome this exchange as well and the opportunity it has provided us both to set things right. 

Fri, 01/22/2010 - 15:51 | 202687 Anonymous
Anonymous's picture

So any solution to an oligarchy immediately sends you to the marxist penalty box? Most want, I believe, a more level playing field. I don't think anyone here would suggest if you mortgaged your balls and made a zillion dollars in the free markets they would want 95% of it...but if your playing inside ball, know outcomes and are backstopped ...well then I guess people would want to confiscate those gains...am I off track?

Fri, 01/22/2010 - 16:50 | 202817 George the baby...
George the baby crusher's picture

Of course your not off track.  Some peoples reading skill are however...(not yours I'm sure).

Fri, 01/22/2010 - 19:14 | 203011 Ripped Chunk
Ripped Chunk's picture

You mistakenly are assuming poor reading skills for what is actually an outright dislike of you or anything you have to post. Saddle up!

Fri, 01/22/2010 - 19:19 | 203030 George the baby...
George the baby crusher's picture

Grammar boy, watch the grammar.

Fri, 01/22/2010 - 20:31 | 203136 Rick64
Rick64's picture

Don't be discouraged and don't let these people that can't respond in an intelligent manner get to you.

Fri, 01/22/2010 - 21:42 | 203267 Ripped Chunk
Ripped Chunk's picture

Referee Ricky!

Fri, 01/22/2010 - 21:41 | 203256 Ripped Chunk
Ripped Chunk's picture

:0

Fri, 01/22/2010 - 21:40 | 203257 Ripped Chunk
Ripped Chunk's picture

An expert Swedish English linguistics major, economics minor day trader?

Educated at Oxford perhaps?

Fri, 01/22/2010 - 16:35 | 202791 faustian bargain
faustian bargain's picture

There is a significant difference between a Marxist and an anti-fascist. All Marxists are anti-fascists, but not all anti-fascists are marxists.

Political and economic liberty are in a different dimension from the authoritarian socialism-fascism axis.

Fri, 01/22/2010 - 22:10 | 203310 Miles Kendig
Miles Kendig's picture

Yes indeed.  Heck, even the libertarians and greens can meet in agreement in the "GFC", but the communists and fascists never will meet on anything but a battlefield.

Fri, 01/22/2010 - 15:47 | 202678 Anonymous
Anonymous's picture

how bout this guy... Seems educated enough to know we need QE2....

Meet Donald L. Kohn, Your New Federal Reserve Chairman

http://www.businessinsider.com/meet-your-new-federal-reserve-chairman-20...

Fri, 01/22/2010 - 15:49 | 202684 Anonymous
Anonymous's picture

Do I understand this correctly?
Mr. Bernanke is "too big to fail"?

Fri, 01/22/2010 - 15:54 | 202695 Anonymous
Anonymous's picture

Mr. Dodd - Please so the trick where you open your mouth and your head disappears.

Fri, 01/22/2010 - 15:56 | 202700 MiningJunkie
MiningJunkie's picture

I like where Dodd does the trick where he opens his mouth and his head disappears...

Fri, 01/22/2010 - 22:11 | 203313 Miles Kendig
Miles Kendig's picture

The loud pop that was heard all over WDC was Dodd making his face available to the media.

Fri, 01/22/2010 - 16:03 | 202710 George the baby...
George the baby crusher's picture

Head?

Fri, 01/22/2010 - 19:15 | 202717 Ripped Chunk
Ripped Chunk's picture

Saddle up!

Fri, 01/22/2010 - 16:17 | 202745 Anonymous
Anonymous's picture

You think they would know better than to listen to a lmae duck who is afraid to run becasue he'd get killed. Now maybe B. Frank will loose next. Dodd just doesn't get it. This is about democracy. Do the people actually have any say about their government or is their government just owned by corporations

Fri, 01/22/2010 - 16:17 | 202748 Anonymous
Anonymous's picture

dodd needs the cell next to bernanke. i wonder if chrissy is a top or a bottom

Fri, 01/22/2010 - 22:16 | 203317 Miles Kendig
Miles Kendig's picture

heh.  Bernanke would rule that cell.  Bernanke has far more money, power and connections.  If they were both in federal prison I am sure that they would not be cell-mates tho.  Unless of course they were in a "cheese factory" otherwise known as a WITSEC unit where the BOP houses many of its high value cooperating witnesses.

Fri, 01/22/2010 - 16:25 | 202760 pros
pros's picture

 

Some of do not think we are brain dead.

 

Some of us resent being threatened and extorted by fear-mongering

Friends of Angelo...

 

GO TO H**L CHRIS CRIMINAL

 

You, CHRIS CRIMINAL were one of the creators of this economic nightmare.


Fri, 01/22/2010 - 16:25 | 202766 Anonymous
Anonymous's picture

In other words, vote for Ben or the terrorists win.

What a maroon!

Fri, 01/22/2010 - 16:28 | 202769 cougar_w
cougar_w's picture

The market just started down. Here comes the punishment.

This shit has GOT to stop.

Fri, 01/22/2010 - 16:45 | 202811 SWRichmond
SWRichmond's picture

Max Keiser keeps talking about "financial terrorists".   Maybe he's got something there.....

Fri, 01/22/2010 - 19:11 | 203014 Ripped Chunk
Ripped Chunk's picture

Do ya think????

Fri, 01/22/2010 - 16:39 | 202796 Anonymous
Anonymous's picture

Folks, this is simply the event contrived to drive the $ in equities to treasuries, and it will all be our fault cause we demanded a look behind the curtain. Who the hell do you people think you are anyway, back to work.

Fri, 01/22/2010 - 18:03 | 202854 Anonymous
Anonymous's picture

Taxing Wall Street Down to Size
David Stockman, a director of the Office of Management and Budget under President Ronald Reagan

Make no mistake. The banking system has become an agent of destruction
for the gross domestic product and of impoverishment for the middle
class. To be sure, it was lured into these unsavory missions by a
truly insane monetary policy under which, most recently, the Federal
Reserve purchased $1.5 trillion of longer-dated Treasury bonds and
housing agency securities in less than a year. It was an unprecedented
exercise in market-rigging with printing-press money, and it gave a
sharp boost to the price of bonds and other securities held by banks,
permitting them to book huge revenues from trading and bookkeeping
gains.

Meanwhile, by fixing short-term interest rates at near zero, the Fed
planted its heavy boot squarely in the face of depositors, as it
shrank the banks’ cost of production — their interest expense on
depositor funds — to the vanishing point.

The resulting ultrasteep yield curve for banks is heralded, by a
certain breed of Wall Street tout, as a financial miracle cure. Soon,
it is claimed, a prodigious upwelling of profitability will repair
bank balance sheets and bury toxic waste from the last bubble’s
collapse. But will it?

The baleful reality is that the big banks, the freakish offspring of
the Fed’s easy money, are dangerous institutions, deeply embedded in a
bull market culture of entitlement and greed. This is why the Obama
tax is welcome: its underlying policy message is that big banking must
get smaller because it does too little that is useful, productive or
efficient.

http://tinyurl.com/yezfxb3

Fri, 01/22/2010 - 18:19 | 202894 cougar_w
cougar_w's picture

Bad David! No cookie for you!

Fri, 01/22/2010 - 21:28 | 203239 WaterWings
WaterWings's picture

This is why the Obama tax is welcome

-1

 

Fri, 01/22/2010 - 18:07 | 202868 buzzsaw99
buzzsaw99's picture

Hey Dodd suck my Codd.

Fri, 01/22/2010 - 18:22 | 202901 lawton
lawton's picture

Hey cut it out -Bernanke is the man of the year keeping us from entering another great depression in 2009.

Fri, 01/22/2010 - 18:37 | 202943 Anonymous
Anonymous's picture

Cronism, Dodd dynasty, Thank God will cease to exist!

This corrupt politician, among others, need to be put on trial and prosecuted for their crimes!

I remember when he had the accounting rules changed and then blames others for their bribed laws!

Kick every incumbent politician out of office and put term limits on their asses!

Fri, 01/22/2010 - 19:05 | 203003 MarketTruth
MarketTruth's picture

Have never used profane language like this on any discussion board after over 15 years of Internet and another 4+ via BBS. yet here is my feeling about Bernanke, Dodd, Frank, etc.

FOADMFers!!!

May hell have an especially hot place for them.

Fri, 01/22/2010 - 20:00 | 203096 Anonymous
Anonymous's picture

The only thing holding the market up was the Fed.
Now they are having a tantrum because they cant get their man reappointed, they have stopped the financial support and we get to see just what the real market support for equity prices is.
Ohh yes, the hammer will come down, but that would be what REALITY looks like, instead of all this trendy Financial Innovation the banksters are so keen on.

Recision.

Fri, 01/22/2010 - 21:31 | 203249 JohnGoodbutter
JohnGoodbutter's picture

If Bernanke is not re-elected, we will all be bald by christmas

Fri, 01/22/2010 - 23:22 | 203400 Anonymous
Anonymous's picture

Keep spreading the message to vote out all incumbents on every website

Do NOT follow this link or you will be banned from the site!