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Watch Former Fed Governor Fred "Napoleon Dynamite" Mishkin In Dire Need Of A Diaper Change

Tyler Durden's picture


Some time ago we penned a post, titled"Mishkin On Iceland: "Nothing Is F*#&ed Here Dude" which discussed the former Fed director's March 2006 analysis "Financial (IN)Stability In Iceland." Those interested in our original observations of Mishkin's horrendous analysis (of what proved to be the first bankrupt European country of the new century, but certainly not last) can find them at the original link. Yet continuing with the Duderino references, today, new shit has come to light, which once again confirms that not only is the Fed populated by the most intellectually incapable and corrupt people, but that anything coming out of Columbia University (and the Ivy League in general) is not worth the paper it is printed on. Watch the attached clip to see a former Fed director go from comfortable, to fidgety, to stuttering, to thoroughly discredited, to in dire need of diaper change, in under 2 minutes. Last but not least, here is the soundbite of the year: "You have faith in the central bank." No further comment necessary.



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Sat, 08/21/2010 - 20:21 | 535326 Miles Kendig
Miles Kendig's picture

The altar of central banks are littered with the blacked bones of countless millions who came to suckle and got cindered.

Sat, 08/21/2010 - 22:33 | 535543 Pladizow
Pladizow's picture

Whats the source?

Where's the rest?

I feel like I'm 21 and only got to first base.

Sat, 08/21/2010 - 23:35 | 535609 The PolyCapitalist
The PolyCapitalist's picture

Looks like this is a clip from the movie Inside Job, by filmmaker Charles Ferguson:

Sun, 08/22/2010 - 11:36 | 535994 Bendromeda Strain
Bendromeda Strain's picture

Hubbard is a lying sack as well. In 2002, Stiglitz and the Orszags were paid by Fannie Mae to write a white paper (perforated and quilted for hind comfort). It wasn't disclosed at the time how much grease it took, but it puts the lie to this weasel's words. The Ivy League is the ultimate Gentlemen's Liars Club. They should be vigorously horse whipped.

Sun, 08/22/2010 - 11:42 | 536002 Thomas
Thomas's picture

And the damning evidence is that Hubbard was on the shortlist for FOMC chair. Nonetheless, Mishkin has always looked like a weasel to me.

Sun, 08/22/2010 - 17:49 | 536463 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

...BUT his body-language instills much confidence.  TOTALLY believable. 

Typos on your CV???  Typos that just happen to change the fundamental meaning of the mistyped phrase?  Happens ALL THE TIME.


Sun, 08/22/2010 - 22:20 | 536761 Miles Kendig
Miles Kendig's picture

...BUT his body-language instills much confidence.  TOTALLY believable.


Tue, 04/26/2011 - 13:45 | 1208338 william.smith61
william.smith61's picture

Drive Axle It is a looting operation, they know the game is over and are trying to get out without allowing the market to go down with sellers. If the market was allowed to go down with no buyers and people selling, then it would show without a doubt that nobody is investing but many of the insiders are selling.

Sun, 08/22/2010 - 01:21 | 535703 themosmitsos
themosmitsos's picture

That's a NICE view you're showing me there, sweetums.

Tyler, are you taking about the Duder? As in, dude those aren't fucking Nazis, they're Nihilists man? ;)

Sun, 08/22/2010 - 03:53 | 535773 VeloSpade
VeloSpade's picture

I just stuck my nose in Pladizow

Sun, 08/22/2010 - 07:10 | 535817 kathy.chamberli...'s picture

what R U suppose to B?  velospade what does that mean?

stuck your nose in a concentration camp, good lord how is that connected to anything relevant here.

Sun, 08/22/2010 - 11:18 | 535976 Turd Ferguson
Turd Ferguson's picture

This fucking idiot, Krugman and Seigel are all tied for the lead in the race for the title of Biggest Douchebag of 2010.

Sun, 08/22/2010 - 22:45 | 536789 hound dog vigilante
hound dog vigilante's picture

Oh yes, ZH awards - annual - replete with nominations (threads).

Special shame, for special people.

This really needs to happen.


Sun, 08/22/2010 - 12:35 | 536064 kathy.chamberli...'s picture

oh  i can see clear_er right now.

B O B  and tyler sucking each other's man tits.

well that doesn't have anything to do with the word velo

now does it.

don't abuse words, especially beautiful words and meaning.

i been a member of fought club my wHOLE life, so there.

Sun, 08/22/2010 - 13:09 | 536112 JohnG
JohnG's picture

JFC! Please go away and don't come back.  Your nonsensical posts hurt my head even though I just skip them.

Take a remedial English class or something.

Can someone point this person to a site for idiots?

Here's some beautiful words with a very clear meaning:  PISS OFF!

Mon, 08/23/2010 - 15:32 | 536171 kathy.chamberli...'s picture

JFC! what's this? have i seen these in the past¿

don't B mean. remember. compassion better than/then vinegar.


JFC oh i see clear_er this afternoon. jes....fing......christ i am dumb. sorry. just takes a while longer for some. that's ok, when you figure it out yourself, more reward.

Sun, 08/22/2010 - 15:07 | 536256 TraderTimm
TraderTimm's picture

No kidding, brother.

Its like someone crossed a markov-chain quote generator with an overheated graphics GPU (Just before it 'snowcrashes'). Seriously bizzare. Did the CAPTCHA bot break loose and gain sentience?

Sun, 08/22/2010 - 18:09 | 536479 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Did the CAPTCHA bot break loose and gain sentience?

Alan Turing says: 'Ask it to do a math problem that contains a negative integer with > 2 digits.'

Mon, 08/23/2010 - 14:35 | 538114 themosmitsos
themosmitsos's picture

Everyone's yelling at you. I think I get what you're doing. Da Da esque.

Sat, 08/21/2010 - 20:35 | 535329 putbuyer
putbuyer's picture

Looks like a "Dick with ears" to me. How be backtracts and looks nervous. this is what will be with Barry, Nancy, Harry, Dodd, Frank and all the fuckers soon enough


I just posted my comment and guess who shows up? Fuck'n Cramer.

I have not seen his fuck face all day. Now back again. I'm gonna punch

his face and break my computer monitor. This guy is a virus!

Sat, 08/21/2010 - 22:24 | 535523 bronzie
bronzie's picture

Everytime I see Jim, I click on him - it's the ultimate FU - Zero Hedge gets paid because I clicked on the stupid fuck's picture with no intention of even reading whatever garbage he is spewing, much less sending any money his way

I have started clicking on ALL of the Zero Hedge advertising each time I visit the site - it feels good supporting Zero Hedge


Sun, 08/22/2010 - 09:11 | 535879 FEDbuster
FEDbuster's picture

Will do.  Anything to transfer cash from Cramer to ZH is a good thing.

Sat, 08/21/2010 - 22:37 | 535547 RoRoTrader
RoRoTrader's picture

love the commentary putbuyer.......thx many x for making me laugh........

Sun, 08/22/2010 - 01:08 | 535694's picture

How be backtracts and looks nervous. this is what will be with Barry, Nancy, Harry, Dodd, Frank and all the fuckers soon enough


Recall these fine moments in American history:

Sun, 08/22/2010 - 13:27 | 536140 SamuelMaverick
SamuelMaverick's picture

Crockett, Go sell that left wing crap somewhere else. This site is for thinkers, not right or left bullshit propaganda. I can get that drooling idiot shit on youtube or on the MSM myself.

Sun, 08/22/2010 - 07:42 | 535839 jimijon
jimijon's picture

I am on a Mac. I use ClickToFlash. It blocks all flash (including Cramer) unless I click on it. Makes my 5 year old mac perform like its brand new again! Highly recommended.

Sat, 08/21/2010 - 20:23 | 535337 Saxxon
Saxxon's picture

Rat-fucking white collar gangsters with Ivy League degrees run the white G-7 right now. Nothing much to do besides try to make a little money front-running; and be ready to get out of the way when their virtual casino blows up. And it will.

Sun, 08/22/2010 - 07:13 | 535818 kathy.chamberli...'s picture

nice B O D Y

knot, just kidding with the spelling!

Sun, 08/22/2010 - 09:13 | 535880 snowball777
snowball777's picture

Can someone help me get these speedos off...I've cramped up.

Sun, 08/22/2010 - 13:43 | 536166 kathy.chamberli...'s picture

fing lycra, take quinine pills for cramps.

my little s n o w   B A L L.

you know where l o t s of little mini speedos to B seen

C A N N E S , euro's.

Sun, 08/22/2010 - 21:53 | 536719 ColonelCooper
ColonelCooper's picture

My God!  You want me to go away?  PLEASE, for the love of Christ, write out a fucking sentence that makes sense.  Just one.  Please.  Then I'll think about changing my avatar to something benign.

Sun, 08/22/2010 - 22:03 | 536733 kathy.chamberli...'s picture

changing my avatar to something benign.

now that is funny. cause what your showing certainly isn't benign. your malignant.

my 2¢'s

Mon, 08/23/2010 - 13:32 | 537844 akak
akak's picture

Chatty Kathy, are you in fourth grade?  Seriously, your grammar and sentence structure (and I use that phrase VERY loosely!) are remarkably bad.  In fact, I think that I have yet to see you write out one honest and coherent sentence.

I may not have the financial background and knowledge of many here on ZH, but at least I can compete in the realm of using the English language.  You clearly can compete in neither.  If I were you, I would be severely embarrassed.  Or is shame something that no longer has any pertinence to modern society?

Sun, 08/22/2010 - 09:16 | 535883 FEDbuster
FEDbuster's picture

Somebody said, "their trading in this market is like dancing by the door".  I guess you have to be ready to exit very quickly when it starts to shake and crumble.

Sun, 08/22/2010 - 11:26 | 535988 VeloSpade
VeloSpade's picture

Dancing by the door won't save anyone either, especially when a collapse such as this occurs:

Watch closely at 30 second mark.  People need to exit the building now!


Sun, 08/22/2010 - 15:50 | 536313 Close 2 the Edge
Close 2 the Edge's picture

Agreed.  I've really been wondering about those who think they can out run the HFT shit...

By the time it registers on their trading screen it will already be far, far too late to bail.


Sun, 08/22/2010 - 19:02 | 536533 FEDbuster
FEDbuster's picture

I am 70% short (SDS, TZA) and 30% cash, so I am ok with a crash.  Just want to be able to take my chips to the window and cash out.

Sun, 08/22/2010 - 19:53 | 536592 VeloSpade
VeloSpade's picture

You must have balls of steel for a short 2x and 3x beyond a holding period of any more than a few days.  The decay on either side could kill you.  Ever consider pair trading extreme divergence in TNA/TZA? or any other levered pairs?  It seems this would be an effective way to capture the decay difference....or something similar such as it may be...IDK.  Only problem is they are almost always at -1 correlation, so detecting extreme divergence is difficult since they can technically be exponential divergence....but I digress.

Sun, 08/22/2010 - 23:53 | 536860 Close 2 the Edge
Close 2 the Edge's picture


I suppose as long as you are willing to lose whatever you have in it isn’t much worse than going to Vegas or playing the lottery – but it seems like from what you just said you are going to be able to “cash out your chips” at a point that is beneficial to you.  To me that is just a bet I’m not willing to take.


Have other assets that make money and are paid for – don’t like playing a rigged game, or playing in a game where actual risk is hidden in ways imposable to penetrate, so cashed out and have no plans on returning anytime soon, or maybe even ever.  Just seems to me that everyone always thinks they can outsmart the riggers, and then wonder what the hell happened when it all goes to hell – as if they didn’t know it was already well on its way to hell when they started playing...


Sat, 08/21/2010 - 20:24 | 535339 scratch_and_sniff
scratch_and_sniff's picture

Ha ha, scum sucking parasite meltdown.

Sun, 08/22/2010 - 02:16 | 535736 Hansel
Hansel's picture

What happened to the rest of the interview?  It was just getting good!

Sun, 08/22/2010 - 09:19 | 535887 FEDbuster
FEDbuster's picture

He must have taken a bathroom break to dump his soiled underware in the trashcan and left for home comando.

Sat, 08/21/2010 - 20:26 | 535341 Cognitive Dissonance
Cognitive Dissonance's picture

How dare the interviewer take something Mishkin wrote way back in March 2006 (for the blue collar wages of only $124,000) and ask him to explain his sources, reasoning and logic. I hope that impertinent bastard never works in this town again.

Mishkin I mean. One can hope, however hopeless that hope might be. 

Sat, 08/21/2010 - 22:42 | 535551 RoRoTrader
RoRoTrader's picture

Actually I am surprised Miskin is that fucking stupid........I mean to allow the interviewer to put him in a corner like that and turn the questions into a literal self incriminating cross-examination, but wonders never cease.........I wonder how to extrapolate Miskin's stupidity over the rest of the FED........ not a bad day today, then.

Sat, 08/21/2010 - 23:20 | 535596 Village Idiot
Village Idiot's picture

I wonder how to extrapolate Miskin's stupidity over the rest of the FED........ not a bad day today, then.


Almost comforting - now that the thruth has been confirmed on camera.

Sat, 08/21/2010 - 23:20 | 535599 Bartanist
Bartanist's picture

Mishkin's mother got him the job. You see a lot of that at the Fed, Wall Street and government.

Sun, 08/22/2010 - 19:54 | 536594 Nikki
Nikki's picture

Clever comment.

Sun, 08/22/2010 - 01:30 | 535710's picture

Myshkin is the main protagonist of Dostoevsky's The Idiot.

Sun, 08/22/2010 - 01:07 | 535698 Pamela Anderson
Pamela Anderson's picture

Which one is Napoleon Dynamite???? .......

Sun, 08/22/2010 - 01:57 | 535722 Red Neck Repugnicant
Red Neck Repugnicant's picture

Do central bankers have large talons?

Sun, 08/22/2010 - 09:26 | 535894 FEDbuster
FEDbuster's picture

Or skills that attract hot girls?  Bowstaff skills, money printing skills, gold manipulation skills, hari kari skills?

Sun, 08/22/2010 - 12:17 | 536037 Herne the Hunter
Herne the Hunter's picture

I was hunting wolverines in Alaska with Cheney and Palin, sheesh, idiots!

Sun, 08/22/2010 - 10:35 | 535941 knukles
knukles's picture

Tiny peckers.

Sun, 08/22/2010 - 19:27 | 536570 kathy.chamberli...'s picture

Tiny peckers.

or    p i c k l e s  ?

Sun, 08/22/2010 - 22:32 | 536776 Miles Kendig
Miles Kendig's picture

LDS isn't just a religious deal

Sat, 08/21/2010 - 20:29 | 535346 zaknick
zaknick's picture

F@cking little corrupt bitch.

Sat, 08/21/2010 - 20:32 | 535350 Village Idiot
Village Idiot's picture

Get that man a glass of water.  Also notice his use of the word "you." you, you, you.

Sun, 08/22/2010 - 18:22 | 536495 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture


Sat, 08/21/2010 - 20:32 | 535351 desgust
desgust's picture

I would like to see all of them in this dire need. And then get the pitchforks in every damned country!!!

Sat, 08/21/2010 - 20:41 | 535356 lizzy36
lizzy36's picture

For whom no shame tolls.

Tyler, who is behind this piece, and what is the larger context of this clip?

One believes that the only people that have faith in any central bank are the Kleptocrats, for whose purposes said institution serves.

Sat, 08/21/2010 - 20:37 | 535358 cnbcsucks
cnbcsucks's picture

That was embarrassing to watch.  What's even funnier is that cnbc regularly has him on and gives him the God-like treatment, because he used to be a fed governor.  Talk about corrupt...he was basically paid $124k to say that everything was ok...useless piece of shit.


Sat, 08/21/2010 - 23:18 | 535598 mikla
mikla's picture

Talk about corrupt...he was basically paid $124k to say that everything was ok...useless piece of shit.

Yeah!  I would have done it for half that!

Sun, 08/22/2010 - 10:42 | 535947 dan10400
dan10400's picture

and then you could maybe buy lunch as all the shit starts unwinding.....

Sun, 08/22/2010 - 18:34 | 536502 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

There were two authors...So if you give Mishkin only half of the credit for the writing, then we'd be talking somewhere in the vicinity of $9/word.  Nice work if you can stand yourself afterwards...

go on, suck it, it's just your integrity and your soul

-Bill Hicks

Sat, 08/21/2010 - 20:40 | 535359 Atomizer
Atomizer's picture

Dear Central Bankers of the World. Please bring on another war so our civilisation can turn you into a walking Zombie. It won't be hard to find the cunts who stage chaos.

The Cranberries - Zombie

Sat, 08/21/2010 - 20:45 | 535374 Dismal Scientist
Dismal Scientist's picture

Love the Napoleon Dynamite comparison. Spot on.

Sat, 08/21/2010 - 20:50 | 535381 MsCreant
MsCreant's picture

Disagree. Napoleon is a good kid. There is no comparison.

Sat, 08/21/2010 - 23:25 | 535611 defender
defender's picture

I think that he was talking about the slack jawed look of pure stupidity.  I bet he tapped out of the interview to get some chapstick.

Sat, 08/21/2010 - 20:49 | 535379 MsCreant
MsCreant's picture



I'd be fired if they discovered that shit on my vita. This is jaw dropping stuff. Anyone of us following any rules at all with these people are fools. They laugh at us in private how they have us trained to take the raping. 

Sat, 08/21/2010 - 20:58 | 535399 lizzy36
lizzy36's picture

Motherfucker, it is good to see/read you again.

Sat, 08/21/2010 - 21:34 | 535455 MsCreant
MsCreant's picture

Ditto ma'am, ditto. 

Sun, 08/22/2010 - 00:35 | 535676 RockyRacoon
RockyRacoon's picture

Well, lookie here!  A little gaggle of old-timers.  Hello, ladies!  ...and Rusty, of course.

Sun, 08/22/2010 - 02:18 | 535738 MsCreant
MsCreant's picture

Lizzy got junked. Awesome!

Sun, 08/22/2010 - 22:33 | 536777 Miles Kendig
Miles Kendig's picture

Fucking awesome !!

Sun, 08/22/2010 - 14:19 | 536213 Hulk
Hulk's picture

The language around here is just appalling, appalling I say!

In fact, I am both shocked and appalled!

Sat, 08/21/2010 - 21:00 | 535407 Rusty_Shackleford
Rusty_Shackleford's picture


Sat, 08/21/2010 - 21:32 | 535449 MsCreant
MsCreant's picture

Made my night seeing you and lizzy reply to the same post. Did you two kids know you are the same "ZH age?" 1 year, 7 weeks. Lizzy and Rusty in da Howse!!!

Sun, 08/22/2010 - 02:21 | 535740 Hansel
Hansel's picture

We are the same age too.  :P

Sun, 08/22/2010 - 06:47 | 535811 Rusty_Shackleford
Rusty_Shackleford's picture

Natch.  Likewise.


The ZH Committee of Vigilance can still muster when the bell tolls.



What happened to all the old posters at ZH?

"Toll the bell, sir, and you shall see."

Sun, 08/22/2010 - 18:36 | 536507 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Cheeky?  Marla?

(it couldn't hurt)

Sat, 08/21/2010 - 21:25 | 535438 knukles
knukles's picture

It whaddahya I mean, I nope disn't know, huh waddya twaffhing ggizzmufftlup, urb (Thought balloon; God, I'd like to kill this mother fucker, note to self, jab pencils in eyes of that sunovabitch who arranged this interview.) Agggh, musta been a typo? (Thought balloon; Hope I didn't look too guilty.  Is the perspiration on my brow ...did they see that drop of sweat run down into my eye.  Blink Blink.).  My sexratarie.  Ugh, no I mean, (Thought balloon;  OMG I haven't pissed my pants like this in ages.  Jesus I've forgotten how warm it is.)  I musta been.... (Thought balloon; O' fuck me, trust the central bank, trust me, fabrication, career over.  Caught red handed.  I knew this shit'd come back to haunt me.) 

(Mishkin to self; Make sure that I'm nice to folks at CNBS, only place'll be seen with me anymore.)

Primal Scream. 


Let's take a poll.  Does anybody think that this kind-o'-shit helps or hinders confidence in the global recovery?

In the good old days, fuckers like this were crucified along the Appian Way.

Sat, 08/21/2010 - 21:39 | 535463 MsCreant
MsCreant's picture

knuckles, I loved the performance. The talent is blinding. Thing is, with a sociopath, I don't think he ever worried that this shit would come back to haunt him. So I will give this an A versus the A+ that it otherwise merits. Of course if I were a rating agency and you were a too big to flail...oh, never mind.

Sat, 08/21/2010 - 21:52 | 535485 nmewn
nmewn's picture

+ infinity for the visual ;-)

Sat, 08/21/2010 - 21:29 | 535445 Miles Kendig
Miles Kendig's picture

+ !

Sat, 08/21/2010 - 21:42 | 535469 MsCreant
MsCreant's picture


Sat, 08/21/2010 - 21:51 | 535483 Hephasteus
Hephasteus's picture

The ultimate goal of the psycopath is to create a willing compliant victim. The other night I look out my window and I see 14 cops arresting a guy. The guy is calm compliant sitting on the ground next to his car.

The police are going through the guys trunk. It's a normal arrest scene. I look out the window again look around it seems pretty normal. I notice a federal marshal and an ATF agent. The cops are not suited. They are wearing plain clothes tactical gear and body armor.

I look again a few minutes later and they are done searching done acting professional and simply standing around shooting the shit with each other. The person they arrested is still compliant sitting next to a car but starting to slump towards the ground.

I'm getting really pissed off at this point. This has turned into theatrics. I put out my feellers into the group and get pretty much what I expect. My police department is borderline sucking. They are sitting on the fence between being bad guys and good guys, they have racial problems and tend to treat every citizen with dog psychology by being very aggressive with them.  The best of them would be a shithead at a dallas or fort worth police station.

So I start picking up the psycopath in the group. It's the ATF agent. I figured it would be both the ATF and the marshall. But no it's the ATF agent. He's pumping out more hidden passive aggressive energy than 5 marines just returned from war wondering how people are going to treat them. I start threatening him with thought and energy patterns. Plotting shots into his neck and head and legs. He's got a trauma plate and I don't think my stuff will go through it. They start picking up the aggressive energy. They automatically reach down and touch their guns wanting to know they have them wanting to know they are ready. Mind you I'm not armed. I'm just doing this with energy. Their "helpers" start flooding me with fear. They are in horrible fucking tactical position. Clustered into groups of 2s and 3s making a gang of 14 nothing more than a couple of target acquiring and clearing shots.

I'm in self imposed isolation. Nothing wrong with an arrest, but they fucked up with the "show". They were done and they had to try to stand around for 45 minutes shooting the shit while this guy is on the ground being fucked to near catatonic state by the sick fucks who are supposedly "protecting" law enforcement. Trying to get a good result from semi legitimate, semi necessary correction and protection conflicts. But the line has been crossed. It no longer has anything to do with socialization and making things better. It's turned into the psychopaths dreams of making victims who won't fight back. So overpowering them with nothing more than a thugery idealization of "we're" the only legitimate source of life threatening force.

We're dealing with people who are seriously fucked in the head. Doing everything possible to hide the true nature of the world. Pretending to follow rules but the only rule they follow is what can we get away with. Flooding people with I need you energy hoping they confuse it for their own.

This is what we are dealing with.

Sat, 08/21/2010 - 22:13 | 535511 Mitchman
Mitchman's picture

From The Devil's Dictionary by Ambrose Bierce: Police: An armed force for protection and partcipation.

Sun, 08/22/2010 - 07:17 | 535824 breezer1
breezer1's picture

his 2nd major was,' snakes in suits'. after enron.

Sun, 08/22/2010 - 14:16 | 535889 Cognitive Dissonance
Cognitive Dissonance's picture
From The New Yorker article on psychopathy. "Indeed, as Cleckley also argued, the individualistic, winner-take-all aspect of American culture nurtures psychopathy."

Sun, 08/22/2010 - 12:42 | 535831 kathy.chamberli...'s picture

forget it, all of it.

Sun, 08/22/2010 - 09:26 | 535895 snowball777
snowball777's picture

Rationalize fascist implements with pap about their necessity and you'll soon find all sorts of power-trippers eager to sign-up and create their own necessities (the delta between say Sgt Koon and a brownshirt is well-nigh invisible).

As for Harlow, consider the implications of his experiment on the development of several million latch-key kids who now have access to long rifles (yeah, you thought the ones collecting in groups after school, smoking weed were the problem).

Mon, 08/23/2010 - 02:36 | 537083 D.O.D.
D.O.D.'s picture


Tue, 08/24/2010 - 20:37 | 541880 MsCreant
MsCreant's picture

Old School ZH. Man, wish I'd seen you sooner! Glad to know you are still around!!!


Sat, 08/21/2010 - 20:50 | 535382 QQQBall
QQQBall's picture

typo? Stability becomes Instability... CLASSIC - thanks for posting that

Sat, 08/21/2010 - 20:52 | 535383 QQQBall
QQQBall's picture


Sat, 08/21/2010 - 20:51 | 535385 Gimp
Gimp's picture

Mishkin is a total douche-bag whose credibility is somewhere below smegma. I hope those of you who are thinking of wasting hard earned money to send your kids off to one of these Ivy League conditioning camps rethink after watching this unapologetic fool. How many pensioners did he ultimately hurt? Who knows. I lik ethe way he conveniently 1) changes the title of his paper 2) forgets to mention he was paid a six-figure sum for his work of fiction.

Sun, 08/22/2010 - 18:50 | 536516 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

2) forgets to mention he was paid a six-figure sum for his work of fiction.

That's 'cuz he couldn't quite remember his fee -- "Uhhh, uhh that's public information..."

Sat, 08/21/2010 - 20:55 | 535393 zen0
zen0's picture

 Gerard Celente calls them the "white shoe boys", and sez that if they had italian names, they would be called mafia.


Seems appropriate.

Sun, 08/22/2010 - 09:28 | 535896 snowball777
snowball777's picture

The Mafia has much more honor.

Sun, 08/22/2010 - 16:07 | 536341 VeloSpade
VeloSpade's picture

One of my favorite quotes from Gerald Celente:

"I call them the red carpet crowd.  The white shoe boys.  Everywhere they go (i.e. politicians, bankers) they go with these jumbo jets big enough to hold a city. Every time they arrive somewhere they have to roll out the red carpet... and strike up the band!  I don't want to pay for it anymore!"


Sat, 08/21/2010 - 20:56 | 535397 DavidC
DavidC's picture

This is bizarre - I was on YouTube about half an hour ago looking at various things and was watching this;

...and then subsequently catch up on on ZeroHedge only to find this posting...

I know it's only coincidence but still bizarre!


Sat, 08/21/2010 - 21:28 | 535441 Cognitive Dissonance
Cognitive Dissonance's picture

Karma baby, karma.

This is a clear indication you've been plugged directly into the center of the universal consciousness and have been elevated to the front of the "A" list line. Which means when the coming Akashic field download begins and humanity is finally elevated out of the stinking cesspool of it's own creation, you'll be at the head of the class.

And you just thought you stumbled upon that video, didn't you? Do me a favor, will ya? When you get to the top, please remember to reach back down and help a few of the less fortunate up the first few steps. Thanks. :>)

Sat, 08/21/2010 - 21:30 | 535447 msjimmied
msjimmied's picture

Cosmic synchronisity!


Sun, 08/22/2010 - 01:24 | 535705
Sun, 08/22/2010 - 12:44 | 535836 kathy.chamberli...'s picture

lattice of coincidence. hey crockett, who's in charge here?

Sun, 08/22/2010 - 07:35 | 535834 kathy.chamberli...'s picture

v o t e       4       p e d r o

Sat, 08/21/2010 - 21:05 | 535402 Rusty_Shackleford
Rusty_Shackleford's picture

Complete and utter lawlessness on all levels.


How we have ever allowed ouselves to be led to this dark place where we are ruled by such jackasses is just fucking beyond me.



By the way, does anyone know what this clip is an excerpt from?  Damn, it feels good to have someone ask a probing question and refuse to accept an answer that fails the smell test.

Sun, 08/22/2010 - 00:55 | 535669 Al Gorerhythm
Al Gorerhythm's picture

Rusty, we didn't knowingly go down this path. We were force fed, (Dept of Education) we were mustered (Dept of Social Security) and then corralled (IRS). Don't wait for the branding (Homeland Security).

 Re: Complete and utter lawlessness on all levels.

Yep, but it's time to fight fire with fire. They have set the parameters for this fight, so it is only honorable and just that we play accordingly. Cut their life blood by convincing a Washington Lobbyist to leave town peacefully. If they ask for a reason, show them a photograph of Mussolini hanging from his last perch. Then point out the nearest lamp post. If that doesn't work, it's then time for the Full Monty.

Sat, 08/21/2010 - 21:06 | 535414 P-K4
P-K4's picture

Ahem, I think that the title is a little disrespectful to Napoleon Dynamite who at least was portrayed as a real hero. Munchkin is just a former fed governor and like all former puppets, he is just another peckerhead.



Sat, 08/21/2010 - 21:13 | 535427 Quinvarius
Quinvarius's picture

Why do I get the feeling that asswipe is going to be on the next Republican Presidential ticket?

Sun, 08/22/2010 - 16:41 | 536385 Fred Hayek
Fred Hayek's picture

According to a recent New York magazine cover article about how Blankfein, Dimon et al get along with Obama, all those guys are democrats. 

Sat, 08/21/2010 - 21:23 | 535434 pauldia
pauldia's picture

Can you post the continuation of the clip, it ended in the middle of a Grand Mal seizure and I really want to watch Mishkins's  Adams Apple flex while swallowing his vomit.

Sat, 08/21/2010 - 21:28 | 535442 knukles
knukles's picture

+ 100  A most noble thought.

Sun, 08/22/2010 - 17:56 | 536469 DukkButt
DukkButt's picture

Hear! Hear!

Sat, 08/21/2010 - 21:24 | 535436 lynnybee
lynnybee's picture

I thought I'd cry watching him.     Robert Rubin, Larry Summers, Bernanke, Greenspan, THIS GUY, why won't they just all go away & leave us alone........ our lives would be so much better without these people.    We're just being scammed & lied to, like we're all little pieces of nothing.   We're NOT little pieces of nothing, damn it, we're AMERICAN CITIZENS !    RISE UP & GET RID OF THESE PEOPLE !     

Sat, 08/21/2010 - 21:28 | 535443 deadparrot
deadparrot's picture

Only $124K? I'm sure the rating agencies were paid far more to rubber stamp all those toxic MBS.

Sat, 08/21/2010 - 21:31 | 535450 spinone
spinone's picture

He is either completely incompetent or completely corrupt.  Neither speaks well to the sort of person that is a FED governor.

Something makes me think that publishing a bunch of lies about Iceland for money is the least of his crimes.

May he hang from a lightpole with the rest after the liberation.

Sat, 08/21/2010 - 23:32 | 535620 defender
defender's picture

He is either completely incompetent or completely corrupt.

I don't think that he believes in limiting his "progress" in either direction.

Sun, 08/22/2010 - 18:59 | 536529 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Aye!  He's still getting paid.

Sat, 08/21/2010 - 21:34 | 535454 nmewn
nmewn's picture

PHD's, diploma's, titles, pedigree's, intellectuals, academics etc.

Now you see your masters people.

An oldie but goody from one of our brightest bulbs;

Sat, 08/21/2010 - 21:55 | 535492 Rick64
Rick64's picture

What a complete arrogant pompous idiot Stark is. This video makes me so angry everytime I see it. Would love to see William Black interview him.

Sun, 08/22/2010 - 19:02 | 536532 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture


Celebrity death match:   BLACK v. STARK

I'd pay to see THAT.

Sat, 08/21/2010 - 22:26 | 535531 Rusty Shorts
Rusty Shorts's picture

 - Jan should have thrown Stark out the fucking window.

Sun, 08/22/2010 - 09:25 | 535893 Rover
Rover's picture

Love a good old-time defenestration!

Sun, 08/22/2010 - 09:31 | 535898 snowball777
snowball777's picture

Much more impressive when you're not on the first floor though.

Mon, 08/23/2010 - 00:32 | 536914 MsCreant
MsCreant's picture

I see why you posted that on this thread. Makes you want to hurt someone. Baaaad.

This is clearly a disease. They are all like this as a result of serving. They need to be taken out and given workman's comp. Furthermore, I propose an inoculation program. Poor bastardez need our help. We can't abandon them now, they are getting brain damaged. Arrogant Son's of Bitches.

Sat, 08/21/2010 - 21:34 | 535457 knukles
knukles's picture

Whaddya get when ya' mate Mishkin and Krugman?

Sat, 08/21/2010 - 21:44 | 535471 nmewn
nmewn's picture


Sat, 08/21/2010 - 21:53 | 535490 MsCreant
MsCreant's picture

Mishkinkrugman. Hmmm...

Skank rimming U?

Sat, 08/21/2010 - 22:03 | 535498 faustian bargain
faustian bargain's picture


Sun, 08/22/2010 - 09:31 | 535901 snowball777
snowball777's picture


Sat, 08/21/2010 - 21:37 | 535459 CulturalEngineer
CulturalEngineer's picture

Just re-watched an old cult classic "Killer Klowns from Outer Space"

If you haven't seen it... it's worth a watch.

Obviously written with deep pre-meditated symbolism...

Clearly the Killer Klowns are symbolizing Fed Governors.

They prattle about and spray popcorn on people which puts them in cocoons of cotton candy.

Then they suck their blood out.

At the end the circus tries to leave the planet but it blows up.

A very prophetic analysis. You just never know what you can learn from old movies.

Sat, 08/21/2010 - 21:39 | 535462 pauldia
pauldia's picture

Geez I wonder why he never squirms when being interviews by Topo Gigio, aka Steve Liesman and Carl Quintanilla



Sun, 08/22/2010 - 07:48 | 535842 kathy.chamberli...'s picture

hey paulie remember when Carl Quintanilla first started working at CNBC. i do, at the NASDAQ. he was young green and fairly handsome. he would complain about the MS empty echoey nasdaq board, room with no view. he really hated that scene. look at him now. becky quick shoes and joe 80 handicapp_er. WOW aspirations really do pay off, just ask C A R L.

Sat, 08/21/2010 - 21:42 | 535467 Mark Beck
Mark Beck's picture

Rule #1: Always do your own research.

Whether it is Iceland, Madoff or structured finance.


oh, and I forgot to add,

the CBO, Treasury and FED.

They deserve your trust just as much as Mishkin.


Rule #2: Always do your own research.

Mark Beck

Sun, 08/22/2010 - 07:49 | 535843 kathy.chamberli...'s picture

Rule #3: don't ask questions about the F E D

Sat, 08/21/2010 - 21:50 | 535480 faustian bargain
faustian bargain's picture

Oh, the awesomeness. I hope Bernocchio is watching this.

Sat, 08/21/2010 - 21:56 | 535493 HEHEHE
HEHEHE's picture

"You ask around" - F'g golden.  These crooks have no f'g shame...NONE.  They will continue to rob what's left of the middle class in this country blind until they take their last breaths. 

Ps. Academics lie nearly as much re source of funding of research as politicians do about campaign donations.

Sat, 08/21/2010 - 22:06 | 535504 Cognitive Dissonance
Cognitive Dissonance's picture

Mishkin has gone so long without being seriously challenged that when it happened, he'd completely forgotten how to lie in a convincing manner. I'm telling you, while for some lying is second nature, for most it takes practice, practice, practice.

Lucky for him, this mess is only going to get worse so he's going to have plenty of opportunity to bone up on his stone faced lie.

Sun, 08/22/2010 - 01:05 | 535693 RockyRacoon
RockyRacoon's picture

He was totally unprepared, and never expected that he would be questioned on the matter.  Ever.  It's arrogance that is prevalent in his line of work -- if you call that work.  It takes the average working stiff a couple of years to make what it took him 30 minutes to crank out, vacation time to Iceland not included.

Sun, 08/22/2010 - 13:54 | 535948 RoRoTrader
RoRoTrader's picture

Nice point CD, however I don't think practice can help.

My guess is Mishkin has really fucked the FED.........ripping off $124,000 is shoplifting compared to the revalations of years of systemic theft about to be unraveled and examined in earnest.

Mishkin's fate is sealed among his peers and will be blamed for dropping the match; at first shunned and then complete ostracism and the equivalent of a Siberian exile or possibly worse.

The there is no escaping the light that will be shed or the subsequent examination under the magifying glass of Ferguson's film.

Bernanke and the Pope discussing the Church's endless sexual abuse scandals; "And you think you have problems, Your Holiness".

Aside form the facts what I find fascinating from a psychological perspective is the deep and reflexive attitude of assumed entitlement possessed by the people involved.......Mishkin, et if like the Church there is no higher authority.

Agree with your point, Rocky.



Sat, 08/21/2010 - 21:58 | 535495 web bot
web bot's picture

What we are witnessing here and on most other sites is a general deterioration of people's believe in government and institutions. I'm not talking about a bunch of trailer park types, I'm talking about the educated and people in the know. We are #ucked and everyone knows it. We're just waiting for the one thread to be pulled that will begin the massive plunge and collapse of the USD.

I am certain that world governments have plans in place for the upcoming social unrest. What a time to live through...

Sun, 08/22/2010 - 07:18 | 535823 lynnybee
lynnybee's picture

What a time to live through...   (!!!) Yea, well, I ain't living through nothing !   I never charged a damn thing in my life & bought my small abode with cash & my auto with cash !   I AIN'T LIVING THROUGH NOTHING !    THESE FUCKERS BETTER WATCH OUT ~~~ THEY'RE GOING TO BE THE ONES LIVING THROUGH THE REVOLUTION & LET'S HOPE (for them) that they've found a good hiding place.   I'm a 60 year old grandma & mad as hell .   NOBODY RUINS MY KIDS & GRANDKIDS' LIVES & GETS AWAY WITH IT !

Sun, 08/22/2010 - 07:51 | 535844 kathy.chamberli...'s picture

morning birdie lynn.

The early bird catches the worm
Sun, 08/22/2010 - 14:26 | 536219 Hulk
Hulk's picture

It gives me hope to find out that a Grandma is so pissed off about this. Thanks...

Sun, 08/22/2010 - 19:33 | 536573 kathy.chamberli...'s picture

hey BULK

does a bear shit in the woods?

well, i prefer to pee on a tree.

no charmin required, or in a shower.

Sat, 08/21/2010 - 22:06 | 535502 faustian bargain
faustian bargain's picture

Who did this interview?

Sat, 08/21/2010 - 22:23 | 535524 nmewn
nmewn's picture

Charles Ferguson, supposedly.

"Iceland subsequently experienced a spectacular collapse within a year of Mishkin's good report. After this, on Mishkin's CV the title incorrectly appeared as "Financial Instability in Iceland". Interviewed by film-maker Charles Ferguson on camera, Prof. Mishkin attributed the discrepancy to a typographical error.[4]"

I hate wiki...but it's all I found.


Sat, 08/21/2010 - 22:06 | 535505 Atomizer
Atomizer's picture

It's 10:00 PM EST. Do you know where your wallet is?

Obama's Modification Program Causing More Foreclosures


Sat, 08/21/2010 - 22:10 | 535508 stoverny
stoverny's picture

every time I see this dickwad on CNBC being interviewed from his Westchester mansion, I want to throw my fucking TV through the window

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