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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 - 22:32 | 535542 10044
10044's picture

and it's usually Becky interviewing him.. maybe she's got a crush on him...euh!!

Sat, 08/21/2010 - 22:13 | 535512 Eric Cartman
Eric Cartman's picture

I watch "LIE TO ME." Therefore I am a facial recognition expert. Kidding, but from what I've learn from the show and my own research into the subject, this guy is lying his fucking ass off! Raised eyebrows, deep swallow after response, ect. What an asshole.

Sat, 08/21/2010 - 22:28 | 535525 Cognitive Dissonance
Cognitive Dissonance's picture

What an asshole.

Speaking of assholes, another sign of lying is the puckered asshole. While we were spared that camera angle, the facial expressions were all we needed to see to determine the status of his pucker.

Sun, 08/22/2010 - 02:23 | 535741 Eric Cartman
Eric Cartman's picture

This is the kinda video that needs to circulate. I was an econ major so I'm gonna send this all my old professors, the department, youtube, facebook, twitter and every douchebag I know that majors in Economics and spends their day being brainwashed by Keynesian based education that is no longer applicable. 

Sun, 08/22/2010 - 14:46 | 536236 Hulk
Hulk's picture

Wouldn't be too hard to rig up the interview chair with a "state of pucker" monitor

(similar to a BP monitor, only works internally). Many such devices already exist and are cheap too (or so I am told). This way we could actually measure lying

BTW, where is our favorite cat???


Sun, 08/22/2010 - 17:14 | 536424 Cognitive Dissonance
Cognitive Dissonance's picture

AWOL for weeks. Maybe the neighbor's dog got loose.........again?

Sun, 08/22/2010 - 19:13 | 536545 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I believe the scientific term is "Pucker Pressure Performance Monitor."

Sun, 08/22/2010 - 20:58 | 536649 David449420
David449420's picture

I'm sure your chair has already been featured in one of Japan's bizarre porn videos.

Sat, 08/21/2010 - 22:18 | 535514 Madhouse
Madhouse's picture

The very best of a certain type we are all familiar with.... (gee, guess)

Sat, 08/21/2010 - 22:25 | 535526 faustian bargain
faustian bargain's picture

I just checked - it appears the first word of title of that book has been changed back to "Stability" in his CV.

Sat, 08/21/2010 - 22:26 | 535532 redarrow
redarrow's picture

What a shame. Here is a man who has got all this great education and all, its pathetic to see him prostitute himself.

Sat, 08/21/2010 - 22:37 | 535546 bob_dabolina
bob_dabolina's picture

Looked like Dick Fuld in front of Congress.

Sat, 08/21/2010 - 22:50 | 535561 Zulkir
Zulkir's picture

The "typo" has of course been corrected:

But what I found amusing was the publication just above the "Financial (In)Stability in Iceland".

"Conflicts of Interest in the Financial Services Industry: What Should We Do About

Darn good question Frederic, darn good question...



Sun, 08/22/2010 - 18:17 | 536483 knukles
knukles's picture

Oh fuck me.  Not only is he caught changing it once, but twice.  Correcting typos when not advising Central Banks, giving self congratulatory/laudatory interviews or getting phone calls from the Dean concerning their self policing policy regarding proofreading and institutional credibility.
Wonder how they apply the same standard to Doctoral Theses?

Decline of Modern Civilisation

Which brings me to a thought which pops into my head every now and again.  Let's assume for the sake of argument, for this exposition  that Fred's being honest.  That it must have been a typo.  Just accept that it is what it is.  This is not about Fred, it's about Us. 

Let's just take this event as one more exposition added into the preponderance of behavior displayed in the current environment.

When I was a kid, people predicated decisions upon weighing whether something was Moral versus Immoral.
As time passed, standards slid a bit with the defining consideration being whether something was Right or Wrong.
Time goes by and standards slip appreciably,  with decisions being made on the basis of whether something was Legal or Illegal.

Now, everything is based upon a singular, nihilistic, valueless, immoral premise of What Can I Get Away With And Not Get Caught. 

And even more disturbing is that this has all taken place in my own generational experience.  Yes, We Who call Ourselves the Love, Peace, Goodness, Do the Next Right Thing, Woodstock Generation has truly shown its sincere Moral Fibre. 
We've truly earned the more accurate descriptor of the self-centered, egotistical, greedy Me Generation.
What's in it for me and fuck the rest.

What a Great Job We've done.

As the great philsopher of the 20th century, Pogo once said;

"We have met the enemy, and it is us." 

We're all responsible for these events.

Mon, 08/23/2010 - 08:22 | 537271 RoRoTrader
RoRoTrader's picture

Nice piece of work, Knuckles!

Tue, 08/24/2010 - 13:48 | 540821 Bankster T Cubed
Bankster T Cubed's picture

We're all responsible, eh?

Sorry, knucks, you lost me there.

I, for one, am not responsible for that shithead's shittiness.   And neither are you.

He is responsible for his shittiness.

By blaming all of us, you blame no one.

That crap line "we're all to blame" is just more crap fed us by the machine that rapes us.

Sat, 08/21/2010 - 22:51 | 535565 spekulatn
spekulatn's picture

but that anything coming out of Columbia University (and the Ivy League in general) is not worth the paper it is printed on.


Nuff said. 

OUTFRIGGINSTANDING stuff Tyler Durden.    (Ass smack like we be homies)

Sat, 08/21/2010 - 22:52 | 535566 MountainMan
MountainMan's picture

The masses have long ago fallen asleep at the switch, hypnotized by trivial mass media while the demons have run amok.


Sat, 08/21/2010 - 23:08 | 535577 Bananamerican
Bananamerican's picture


I can write shit like that up for only $100,000....

Deflation is a BITCH bitches

Sat, 08/21/2010 - 22:57 | 535578 Sub Dude
Sub Dude's picture


A falsifying, obfuscating, bald-face lying, cover-up denying piece of in-bred wasp waste!

124,000 pieces of silver to put the US Fed's stamp of approval on the commercial banking system's rape of Reykjavik.

When the guillotines start singing, save the rusty blade for him.


Sun, 08/22/2010 - 00:36 | 535675 Pike Bishop
Pike Bishop's picture

piece of in-bred wasp waste

I like that, do you mind if I use it? I happen to be frighteningly waspy, and there is some self-loathing going on with it for me.

I'm tired of referring to the likes of The Carlyle Group and their fellow ruling class as ROWG. Rich Old White Guys.

piece of in-bred wasp waste better expands and refines it.

And that may be cathartic for me to use it in my next article or net-post.


Sun, 08/22/2010 - 08:48 | 535871 Translational Lift
Translational Lift's picture

"piece of in-bred wasp waste!"

WASP = White Anglo-Saxon Protestant

Mishkin = NOT!! = inbred POS!!

Sun, 08/22/2010 - 19:20 | 536553 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Surely he meant wasp like the INSECT.

Sat, 08/21/2010 - 23:10 | 535589 Bruno the Bear
Bruno the Bear's picture

For us Kool Aid drinkers with an iPad was the referenced interview posted in the forbidden by Steve Flash?

Sat, 08/21/2010 - 23:15 | 535593 tony bonn
tony bonn's picture

what would mammon do? get your bracelet with a picture of your favorite fed asshole. special deals on alan blinder wwmd (absolutely no paranomasias intended) bracelet. remember, it's the last job of a cental banker to tell the american people the truth - a convenient truth you can use the next time you are caught with your girl friend's panties in your brief case....but hurry before mark hurd buys our last supplies...

Sun, 08/22/2010 - 19:24 | 536561 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

(absolutely no paranomasias intended)

Wow!  Vocabulary triple-bonus for that one...Spelling -- not so much.  ;)

Sat, 08/21/2010 - 23:33 | 535622 johngaltfla
johngaltfla's picture

Thanks for this one TD. I needed the laugh. I don't know which quote is worse:

"Trust me, this car has not had its odometer rolled back and the only owner was a 98 year old blind lady from Pasadena."

"You have faith in the Central Bank."

"I swear I pulled out."

Sat, 08/21/2010 - 23:55 | 535640 MsCreant
MsCreant's picture

"I swear I pulled out."

Oh, I know, I know. That was Bernanke, right?

Sun, 08/22/2010 - 01:55 | 535721 Problem Is
Problem Is's picture

Bernanke is too limp to ever have gotten in...
Maybe creamed his underwear whimpering...

Sat, 08/21/2010 - 23:35 | 535625 youALREADYknow
youALREADYknow's picture

I guess we're just not privy to all of the new shit.

Sun, 08/22/2010 - 00:40 | 535677 Hdawg
Hdawg's picture

He has the 'everyone else is doing it' plea bargain.

What do you think the purpose of research or other forms of highly organised media are??

Sales, sales, sales lefy bollock is more sincere fool wrapped in brand.  So if you take it seriously you, are equally to blame.



Sun, 08/22/2010 - 20:56 | 536645 BoeingSpaceliner797
BoeingSpaceliner797's picture

You can't plea bargain with an angry mob.  Unfortunately, with each passing day, the probability increases that angry mobs are exactly what these criminals will face.

Sun, 08/22/2010 - 01:07 | 535696 YouAreBliss
YouAreBliss's picture

This tool, is on CNBC (The Financial Comedy Channel) all the time.  They hush at his spoken word.  Especially that moron Kernan.

Sun, 08/22/2010 - 01:52 | 535720 Problem Is
Problem Is's picture

"Fed Governor Fred "Napoleon Dynamite" Mishkin..."

Tyler, why aren't you writing for the NBC evening news?

Sun, 08/22/2010 - 02:38 | 535750 Hang The Fed
Hang The Fed's picture

If you asked this fucking crank to fix your plumbing, he'd be hemming and hawing about "unforseen mineral buildup in the pipes" while your house became an island in a brand-new lake.

Sun, 08/22/2010 - 06:26 | 535807 Rusty_Shackleford
Rusty_Shackleford's picture

He would most likely set your house on fire as well (then steal all the copper pipe and wiring while you were distracted).

Sun, 08/22/2010 - 19:34 | 536575 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

He MIGHT write a fucking white paper about the plumbing situation in your home indicating that there really isn't any problem with it at all.  Just sayin'.

(Please let us know if you manage to get your local Chamber of Commerce to cover the bill)

Sun, 08/22/2010 - 06:49 | 535813 equity_momo
equity_momo's picture

This is one of the most succinct jobs at highlighting the corrupt nature of current and ex-Central Bank employees and so called govn advisors i've seen.


It really is time for these fossils to stop appearing on the MSM and be replaced with realists not bias theorists.

Sun, 08/22/2010 - 07:14 | 535819 BennyBoy
BennyBoy's picture

Mishy's new CV says (page 7):


17. Financial Stability in Iceland (with Tryggvi T. Herbertsson) (Icelandic Chamber of

Commerce: Reykjavik, Iceland, 2006)


No mention of the $124,000. Money wouldn't influence Freddie's bias, would it?


Sun, 08/22/2010 - 07:13 | 535821 anony
anony's picture

Can this video go Viral?

Sun, 08/22/2010 - 11:14 | 535972 Whats that smell
Whats that smell's picture

It could but most 'mericans have never heard of "Iceland" or think it is where they make the really cheap beer. Great article and the dude looks just like ND.

Sun, 08/22/2010 - 11:22 | 535981 redpill
redpill's picture

They need to send the funny delivery dude after him to take away his High Life

Sun, 08/22/2010 - 08:37 | 535863 h4rdware
h4rdware's picture

Do we know for sure that he actually did write this article? His answers don't indicate a strong sense of ownership over the material. He looks more like a student being interviewed over an iffy exam paper.

...suspect that somebody is growing upset at receiving far less than $100k for doing the hard bit, while somebody else was 'busy' with 'more important things'. Very likely that his own version consisted of 4 bullet points, and the rest was punted down the food chain.


Sun, 08/22/2010 - 13:13 | 536119 Bananamerican
Bananamerican's picture


in the econ world his is prolly the equivalent of a baseball signature.


Sun, 08/22/2010 - 08:38 | 535864 Striper
Striper's picture

Lets hope it goes viral after the release of the full length movie.

Hopefully it will not be preempted by the NFL or Nascar.

A few more clips here. Nice catch TD, Mishkins clip was priceless and

should be mandatory viewing in all ethics we still have those ?

Sun, 08/22/2010 - 09:51 | 535891 Translational Lift
Translational Lift's picture

"ethics classes" Do we still have them??

Yea....Ivy League Subtitle; How to Fu@k over people & Steal & Not get caught!!

Sun, 08/22/2010 - 08:52 | 535868 RoRoTrader
RoRoTrader's picture

INSIDE JOB.......your wish is about to come true, anony.......maybe an Oscar too!

The Mishkin interview is a clip form Charles Ferguson's documentary Inside Job. The about to be released film was a hot topic at May's Cannes Film festival. Release is slated for this October.

Sunday tea time lovelies!........Links to reviews and interviews;

Lots Charles Ferguson's documentary, Inside Job


PS........all credits to TD. Thx many x over T.

Back to Gnarle's Crazy for me; heros had the heart to lose their lives out on a limb........

And the classical version;

Sun, 08/22/2010 - 12:19 | 536042 TwelfthVulture
TwelfthVulture's picture

Let's generate some buzz.  Go to and search "inside job", click the 2010 link.   Also, we can order it on netflix.  It's obviously not out yet, but you can save it to your queue.

Sun, 08/22/2010 - 12:21 | 536045 TwelfthVulture
TwelfthVulture's picture

metrics bitchez!

Sun, 08/22/2010 - 13:26 | 536137 kathy.chamberli...'s picture

ZH is #1 world-class motherfuckers

great post. delicious ending.

did you all know that matt damon was howard zinn neighbor in b o s t o n?

of course you did.

yours truly, financial dummies, chamb the flame.

Sun, 08/22/2010 - 16:05 | 536338 Cathartes Aura
Cathartes Aura's picture

thanks for the links, RoRo - here's a quote from one for y'all:


Jeffrey Wells at Hollywood Elsewhere calls the film "brilliant, very well organized, necessarily angry or at least confrontational...and great looking...easily the most handsome and lustrous I've seen at (Cannes) thus far":

"It delivers, in any event, a clear, razor-sharp portrait of a gang of blue-chip ogres and world-class motherfuckers (Summers, Paulson, Greenspan, Geitner, etc.), starting with their initial unleashing during the Reagan-era deregulating and moving through a litany of Bush 41, Clinton and Bush 43 sign-offs, conflict-of-interest corruptions, revolving-door deals and mutually beneficial handjobs."


sounds like "Inside Job" will be quite a hit with everyone here, *nods*. . .

that Mishkin clip is so uncomfortable to watch, yet he inspires violence. . . I don't believe we're that far from seeing it happen either.

Sun, 08/22/2010 - 19:51 | 536588 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

You know, you ask around, you trust the central bank...

And if you're really in a pinch you simply say that you're "just holding it for a friend."

Sun, 08/22/2010 - 17:40 | 536455 anony
anony's picture

My concentration in listening to the Ferguson interview kept breaking because every 30 seconds or more, I wanted get a box knife, slip up behind the British (or Aussie) interviewer, and slit the cord that holds up her muu-muu, and pull the  top down.

But that's just me and I'm an L and A man with a multitude of contradictions in my character. 

Sun, 08/22/2010 - 09:52 | 535918 TexDenim
TexDenim's picture

WOW! What a shitbird!

Sun, 08/22/2010 - 10:06 | 535929 ella
ella's picture

Ah the joys of the free markdet and deregulation.  Greenspan must be very proud of him.  No doubt Friedman is smiling. 

Sun, 08/22/2010 - 10:08 | 535931 Misean
Misean's picture

When did either happen recently...I must have missed something.

Sun, 08/22/2010 - 11:20 | 535977 redpill
redpill's picture

How are central bankers an example of the free market?

Mon, 08/23/2010 - 01:48 | 536975 faustian bargain
faustian bargain's picture

'member' for a year and still doesn't have a clue.

Sun, 08/22/2010 - 10:07 | 535930 Misean
Misean's picture


Maybe 60 minutes good goose it's ratings by doing some shows about shit like this...

Sun, 08/22/2010 - 10:31 | 535938 Amnon
Amnon's picture

In contrast to Mishkin's highly paid but horrendous analysis of Iceland I suggest the report of

Willem Buiter and Anne Sibert “The collapse of Iceland’s banks: the predictable end of a non-viable business model”  of October 2008


Amnon Portugaly





Sun, 08/22/2010 - 13:20 | 536130 RoRoTrader
RoRoTrader's picture

In contrast to Mishkin's highly paid but horrendous analysis of Iceland.




Mishkin's $124,000 payoff is shoplifting/petty theft in comparison to the instutionalized stealing by kleptocrats.


Mishkin's real sin is having been caught, and on film no less.......among peers Mishkin will probably be singled out as having dropped the match.

Sun, 08/22/2010 - 11:25 | 535985 RaymondKHessel
RaymondKHessel's picture

What a fool.

Sun, 08/22/2010 - 11:48 | 536008 G. Marx
G. Marx's picture


Looks like he had a Mishkin Moment.

Sun, 08/22/2010 - 19:55 | 536595 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I think that one has some legs...Give it a little while.

Sun, 08/22/2010 - 12:25 | 536046 VonHavenstein
VonHavenstein's picture

Anyone who could describe a small volcanic half frozen rock in the middle of nowhere as stable, even for a fee, should be dragged to the stake and used for light entertainment on a cold night. The place has never been stable, overrun by a bunch of vikings who after cutting down all the trees spend the next 500 years on honor killings and incest. Only in the last 30 years did they decide to become the Cayman Islands of the North and create a banking sector so leveraged that it beggars belief that anyone would deposit their life savings with them even at 10% interest. Back to fishing and piracy/plundering of far away lands, Martha's Vinyard should be sacked by a bunch vikings on a beat up catamaran, now there is something I would like to see on youtube..

Sun, 08/22/2010 - 14:14 | 536210 Things that go bump
Things that go bump's picture

For a nominal fee the vikings will leave you alone and go rape and pillage someone a little further down the coast.  The Danegeld was the original protection racket.  It beggared England and probably paid for the Conquest in 1066

Sun, 08/22/2010 - 13:39 | 536160 Bill D. Cat
Bill D. Cat's picture

Heh . Video no longer available .

Sun, 08/22/2010 - 13:51 | 536178 RoRoTrader
RoRoTrader's picture

I just tried clicking the link and it worked all right.

Sun, 08/22/2010 - 13:47 | 536172 contrabandista13
contrabandista13's picture

I am in a complete state of SHOCK....!  Not so much that Mishkin is a low-life, non gay cock sucking, ass hole.  But because I got the math question wrong again....  


Best regards,



Sun, 08/22/2010 - 13:52 | 536176 RoRoTrader
RoRoTrader's picture

Ask for an exemption. I got one.

Sun, 08/22/2010 - 16:16 | 536357 contrabandista13
contrabandista13's picture

I blame it on the ganja bro..... good shit....

Sun, 08/22/2010 - 15:23 | 536277 CitizenPete
CitizenPete's picture

In the first frames of the video I count two wrinkles in his forehead.  After they get into the report he was paid to write I count 6 deep ones.

Sun, 08/22/2010 - 18:52 | 536518 Island_Dweller
Island_Dweller's picture

Oh what the hell.  I just forwarded this thread on to CNN, Bloomberg,  and CNBC.  I hope they choke on it!

Sun, 08/22/2010 - 19:21 | 536557 laughing_swordfish
laughing_swordfish's picture

Just more of the same.

Tell me, someone, just how is Mishkin any different from Dick Bove, Steven LIESman or Jim Cramer?

That Mishkin appears regularly on CNBS with all the other aforementioned assclowns says it all.

" Bosun:

 " Pipe Madame Defarge on the 7mc  and have her stand to her knitting."

Everyone else:

Remember: ONE politician per lamppost. Use the photos of Mussolini as a guide for  proper display.

ONE bankster per treelimb. Make sure you stuff a potato in his mouth to drown out the screams as you hoist him aloft. The Carpentry Department has issued us only 60 shots  (six fathoms per shot) to get this done, and it takes at least three fathoms of boiled 1/2" #2 Manila to string each one up. Be sure you pick tree limbs that are visible, sturdy, and of sufficient height as to leave at least eight feet from bankster feet to the deck."

"We have been issued only one hundred 4m. impalement stakes only a dozen of the 5-meter stakes. The rest have been issued to the Mobile Guillotine Units for head posts. Be sparing in the use of the longer stakes - they are to be used ONLY for those miscreants who complain about the smell, so a higher impalement will avoid this unpleasantness.

" Should we run out of materials before we run out of prisoners, the rest are to be held until the arrival of our Mobile Guillotine. When we receive it, the "Skyview" method of emplacement is allowed, at the discretion of the petty officer running the machine.

"You will find that the plunge of the 250KG trapezoidal knife makes a most satisfying THWACK as it administers justice in the name of the Revolution.

"Once the bodies have been cured by 2-3 days of exhibition, they will be taken down and delivered to the skinners and tanners. Be sure you keep track of those prisoners with interesting tattoos or body art so that the bodies are not pilfered.

"What is left after skinning and tanning has been sold to the Paper Street Soap Company for rendering. We are being paid a large bonus for each kilogram of of rich bankster fat delivered so keep this in mind."

"Other than that  - Good Hunting. That is All."


KrvtKpt. laughing swordfish

Kommandant-Im-Deputize "HandelsKriminal EinsatzGruppe"












Sun, 08/22/2010 - 20:02 | 536602 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Uhh, I think you dropped your book-report on the floor over there.

Mon, 08/23/2010 - 11:33 | 537572 Rusty_Shackleford
Rusty_Shackleford's picture

Whoa.  You are dark.

Wed, 08/25/2010 - 07:01 | 542479 Hephasteus
Hephasteus's picture

Way way too much planning. Doesn't leave much room for change. Try winging it more.

Mon, 08/23/2010 - 04:18 | 537159 AR15AU
AR15AU's picture

That was highly fucked up...  looking to order more gold ASAP.

Fri, 10/01/2010 - 07:31 | 617769 Herry12
Herry12's picture

Thanks for such a great post and the review, I am totally impressed! Keep stuff like this coming!...
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