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Tuesday Humor: QE Was For "The Man On The Street" Says Chairman Emeritus Bernanke

Tyler Durden's picture


The proud recipient of today's $250,000 invoice for propaganda rendered by Ben Bernanke will be the Economic Club of Canada...

  • Bernanke Says US Economy Is Heading Towards Complete Recovery

Just don't tell Obama (or the Democrats who have been told not to mention the 'recovery'), or the record number of middle-aged people living with their parents, or the almost imperceptible rise in the employed population since QE began...



Chart: Bloomberg


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Tue, 04/22/2014 - 13:06 | 4683117 medium giraffe
medium giraffe's picture

Go fuck yourself you little toad.

Tue, 04/22/2014 - 13:11 | 4683144 Stoploss
Stoploss's picture


Tue, 04/22/2014 - 13:46 | 4683329 Stuck on Zero
Stuck on Zero's picture

With lipstick.

Tue, 04/22/2014 - 14:10 | 4683455 A Nanny Moose
A Nanny Moose's picture

This from the man who said, "It's contained to subprime."

I would sooner believe that WTC7 was NOT imploded.

Tue, 04/22/2014 - 14:14 | 4683478 Honey Badger
Honey Badger's picture

Who is in charge of putting a bullet in this guy's head when the collapse comes?

Tue, 04/22/2014 - 15:29 | 4683848 Keyser
Keyser's picture

I think a simple Fuck You Ben Shalom is in order here... 

Tue, 04/22/2014 - 18:26 | 4684423 DeadFred
DeadFred's picture

I personally would check the waether forecast for the chance of lightning before I uttered such an outrageous lie.

Tue, 04/22/2014 - 18:47 | 4684481 BringOnTheAsteroid
BringOnTheAsteroid's picture

Does it really have to wait for collapse?

Tue, 04/22/2014 - 13:12 | 4683153 Jumbotron
Jumbotron's picture

Ben...just remember this. 

After death....comes Judgement.  And everyone great and small will get what they rightfully deserve.

Thing is......there are going to be a shit-ton of people VERY....VERY....surprised at the kind of justice they get.

Tue, 04/22/2014 - 13:20 | 4683190 Winston Churchill
Winston Churchill's picture

No hell in Judaism.

Tue, 04/22/2014 - 13:53 | 4683361 XitSam
XitSam's picture

Which is why Ben will get a trial before he dies.

Tue, 04/22/2014 - 15:50 | 4683941 Conax
Conax's picture

That explains a lot.

Tue, 04/22/2014 - 13:22 | 4683196 max2205
max2205's picture

So.....he was in on it.....fucktard....I'll listen to him even less than Greenspam.   

Tue, 04/22/2014 - 13:29 | 4683228 SoilMyselfRotten
SoilMyselfRotten's picture

The only way this POS would have benefitted Main St was if he actually dropped $100 bills from his freakin helicopter

Tue, 04/22/2014 - 13:48 | 4683338 Stuck on Zero
Stuck on Zero's picture

Au contraire.  He could have benefitted Main Street by falling out of the helicopter and landing on Main Street from 1500 feet up.

Tue, 04/22/2014 - 15:39 | 4683899 SoilMyselfRotten
SoilMyselfRotten's picture

If you're falling from 1500 ft. it has to be from a building. If banksters start falling from helicopters peeps might start getting suspicious.


Tue, 04/22/2014 - 18:57 | 4684511 BringOnTheAsteroid
BringOnTheAsteroid's picture

That's just more claptrap fed to the sheep by the wolves. Make people fear death, or even better, fear what comes after death (for eternity ! ! !), and it makes them even easier to control.

After you die the very biological structures that allow you to think decay and cease to exist. The very notion that the activity of your brain can somehow be metamorphosed into some other host outside of this universe is so stupid, dumb, moronic, infantile, it beggars belief.

Wed, 04/23/2014 - 01:01 | 4685527 BringOnTheAsteroid
BringOnTheAsteroid's picture

After death, the body and mind no longer exist, even a devout christian can't argue this. I mean they watch as the body is rolled into the oven and burnt to a cinder. Now that we have that out of the way, how do you see this judging playing out. Do you get your body back and end up standing in the dock, sort of like a court room? If there are no bodies or tangible beings is this played out in some sort of bodiless, timeless, placeless manner where communication is done telephathically. Can you see, hear, smell, taste in this afterlife? If you get your body back how aged is the body? Do you get your 90 year old body back if you died at 90? If you are still born do you emerge in heaven with no memories but grow to be an adult in heaven with no earth memories - that'd be wild. If it's just the soul that goes to heaven, does it have an identity that retains memories of life on earth, does it retain the same name. Is a soul at all physical, if it isn't, how big is it, where is it, is it 3 dimensional, where does it end?

How you people can keep sprouting these stories and not for a second stop and think just how dumb they are, how utterly ludicrous they are, probably sheds some light on just how primitive the human mind still is and why a large number of dumb fucks can be talked in to going to war in far flung countries and dying for their banker overlords.  

Tue, 04/22/2014 - 13:52 | 4683359 mtndds
mtndds's picture

What a fucking Tool!!

Tue, 04/22/2014 - 14:28 | 4683545 stocktivity
stocktivity's picture

It's a scary thought but I really think he believes it.

Tue, 04/22/2014 - 16:34 | 4684081 Berspankme
Berspankme's picture

To this fucktard, the man on the street is the guy making $500K and up. Fuck You Bernanke

Tue, 04/22/2014 - 13:07 | 4683122 tardball
tardball's picture

the man on the wall street.


fuckin' a, ben shalom bernanke

Tue, 04/22/2014 - 13:09 | 4683131 Divided States ...
Divided States of America's picture
sha·lom SHä?l?m,SH?-/ exclamation exclamation: shalom
  1. 1. used as salutation by Jews at meeting or parting, meaning “peace.”
Tue, 04/22/2014 - 13:14 | 4683164 tardball
tardball's picture

the bernank is at peace with himself while he destroys the world

Tue, 04/22/2014 - 13:11 | 4683125 Ham-bone
Ham-bone's picture

What Bernanke represents makes my skin crawl...

Price of PM's collapses which sends buying into overdrie which...collapses prices further???

Yield of Treasuries collapses which sends the "foreign" (Belgian, Irish, etc.) buyers into delerium...and yield of Treasury's collapses further???

Price of housing rising...which causes fewer and few to want to sell and inventory's collapsing???

Dollars supply goes insane while US trade deficit cut in half since '07...which has no impact on dollar???

Stock valuations at all time high which brings out no sellers or buyers...which pushes prices higher as if on command???

Blah blah blah...anyone notice a repeating pattern here???  The most ludicrous "market" data, statements, actions...all brilliantly baffling bullshit

Tue, 04/22/2014 - 13:08 | 4683129 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

and Bernanke does not rhyme with don't-thank-me

Tue, 04/22/2014 - 13:10 | 4683135 Yen Cross
Yen Cross's picture

    Bernanke needs a hoodie,beanie,hairpiece-anything, to cover his numbskull from that cold Canadian air... It's affecting his ability to think rationally.

Tue, 04/22/2014 - 13:12 | 4683156 101 years and c...
101 years and counting's picture

and, whats the excuse for the other 58 years of his miserably pathetic life?

Tue, 04/22/2014 - 13:10 | 4683138 Dr. Engali
Dr. Engali's picture

Lol... I'll tell that to the families of dumpster divers next time I see them.

Tue, 04/22/2014 - 13:23 | 4683206 kito
kito's picture

you know doc, qe has helped quite a number of everyday people. im not saying qe is good, im not saying qe fixed structural problems, but qe has absolutely kept a significant portion of the population from losing everything. (for now)

there are trillions of dollars in major retail mutual funds out there--vanguard, fidelity, t rowe price, etc. and lets face it, the huge returns in the markets over the past 5 years has benefited millions of people who have their savings wrapped up in these fund companies. through 401ks, iras, etc. lets also not forget the massive pension funds out there that have kept the savings of many middle class joes alive and well through massive run up in stocks. if not for these returns in the market, massive pension funds like calpers wouldve collapsed by now.

so looking at the facts regarding the average joe, qe has helped them-----for now.

Tue, 04/22/2014 - 13:31 | 4683235 fonzannoon
fonzannoon's picture

QE put a floor under the market and avoided a complete financial collapse of both the currency and the economy. the average guy on the street would have been much worse off if there was no QE. that is just a fact. however since then both the banks and the public employee sector have raped the system and left the average guy (whoever he is) much worse off again. since no one sincerely cared to change the system to make it more sustainable (slashing entitlements/hanging bankers) we will just ride this until it crashes again and at that point there will be no rescue again.

Tue, 04/22/2014 - 13:38 | 4683286 kito
kito's picture

pshhhhawww. crashes again? come on now fonz, skynet has this perfectly under control. globally. look at those spanish 10 yr yields today!!!! we have reached investment utopia. enjoy it. bask in it. melt down any shitty assed gold you have, turn it into productive bling, go out and lease a new convertible benz, put the top down and cruise around town making the most of our new system......

Tue, 04/22/2014 - 13:53 | 4683322 Ham-bone
Ham-bone's picture

Fonz - what happened was/is the largest and most corrupt among us were bailed out (free money) while the average guy was wrung out...exchanging a free market for a command economy built on fraud @ every level is not avoiding a collapse...the collapse is complete..the collapse of truth or honesty or even demand / supply.  What has been done is far worse than what would have happened in '09.  Average guy has become ever more reliant on the fraud continuing, growing and less capable absent the lie perpetuating.

Saving a few by inflicig a killing  cancer on the rest isn't exactly how I view success...fraudulently reporting, fraudently pricing, fraudulently governing, etc. etc....

Tue, 04/22/2014 - 13:54 | 4683364 fonzannoon
fonzannoon's picture

Hambone you think pre 2009 the economy was not built on fraud?  

Come on man we had a 30 year debt binge start to go bad. Everyone was in on it to some extent except this guy.

so 2008 happened and we got a peek behind the curtain and a run on the eclectronic money markets and it was game over, and anyone on here who thinks the average guy would have come out of that okay is kidding themselves. I am not saying we should not have let the chips fall where they may, maybe we should have. But it would have been awful. Instead we now have a completely centrally planned economy with a ton of fraud and a dumbed down public and we will extend and pretend until this does not work. When that's over.

Tue, 04/22/2014 - 14:09 | 4683430 Ham-bone
Ham-bone's picture

QE was "good" for those with assets...for those who manage or sell or insure those assets.  This "good" was at the expense of those without assets...the young, the poor, the fixed income old, etc. etc.

But just because the system was broken in '08 didn't mean would have been over...a true market based on real needs, wants, and supply based on real "money" (not credit) would have taken over.  It would have been chaotic and cathartic but people adapt and innovate amazingly fast.

Doesn't matter what I or you think (sort of like discussing the weather) but I can't say I endorse the view that people are better...just drugged and wasting their time and effort in darkness instead of building in the light.

Tue, 04/22/2014 - 14:15 | 4683467 fonzannoon
fonzannoon's picture

"QE was "good" for those with assets...for those who manage or sell or insure those assets.  This "good" was at the expense of those without assets...the young, the poor, the fixed income old, etc. etc."

I don't fully agree with that. But I understand the sentiment. All I can tell you is that is how it has always been. Until the young and the poor figure out who their enemy is and take vengence on them that is how it will continue to be.

"a true market based on real needs, wants, and supply based on real "money" (not credit) would have taken over."

I would like to believe you but I don't think that is what would have happened. Nor is it what will happen if/when what we have now finally gives. 

BTW good on you hambone for speaking up, unlike the rest of the red arrow crowd who has no understanding of what fight club used to be. I get where you are coming from man. I am just calling it like I see it. 

Wed, 04/23/2014 - 20:36 | 4685955 Pee Wee
Pee Wee's picture

"anyone on here who thinks the average guy would have come out of that okay is kidding themselves"

You mean anyone who thinks the average guy wouldn't is only kidding themselves.

Tue, 04/22/2014 - 14:04 | 4683418 kito
kito's picture

ham bone you miss the point. we speak of fact regarding the effects of qe on the average investor. the averaage investor has absolutely benefitted from qe. if wall street has benefitted from pouring free money into equities, so has the average joe. neither fonz nor i have stated the qe is ultimately good for the system. it isnt. 

Tue, 04/22/2014 - 14:22 | 4683512 Squid Viscous
Squid Viscous's picture

Fonz the initial move was called TARP, passed with martial law threats by thug Paulson, then immediately co-opted to become an equity injection into TBTF's... then QE which only helped TBTF's again... if you think kicking the can down the road, while saving banks that should have gone tits up is good for the economy long term then you are sorely misguided   

Tue, 04/22/2014 - 15:06 | 4683579 fonzannoon
fonzannoon's picture

Squid I don't know how you can think that hiring midgets and training ham sandwiches to replace human labor until the aliens come is in any way good for the economy. I think it's ridiculous for you to assert that.

I hope I have twisted what you said enough to equal you twisting what I said into somehow claiming that I believe that what is going on is good for the economy long term. Seriously man? I said that? Where?

I have no problem with having let the banks fail. As I said to hambone 1) I think the average guy would have been materially worse off and 2) I don't believe the free trade based on money and not credit would have evolved. We were already too far gone. It's over. Maybe...just maybe if we let the banks fail, and hung some politicians and plenty of bankers and slashed entitlements to the bone, and went back to a gold standard etc. etc. etc. we would have had a chance at avoiding the fate that we will arrive at. But the chances of that having happened were the same as monkeys flying out of my ass. By 2008 it was going to be horrendous. If/when we give it up again it will be immeasurably bad.

Tue, 04/22/2014 - 18:34 | 4684444 DeadFred
DeadFred's picture

The reset, had it happened, in 2008 would have been very painful but survivable. America will die with the reset in 2014,15,16 or whenever. I don't think it helped any ordinary people except those lucky enough to have died in those brief years.

Tue, 04/22/2014 - 13:10 | 4683139 Kaiser Sousa
Kaiser Sousa's picture



Tue, 04/22/2014 - 13:11 | 4683140 DavidC
DavidC's picture

Bernanke, you fucking idiot. Forgive my language but honestly, the man's a moron if he believes that.


Tue, 04/22/2014 - 13:14 | 4683165 101 years and c...
101 years and counting's picture

remember, if he didnt print, the world would have ended.  so, the peasants did benefit....

Tue, 04/22/2014 - 17:38 | 4684281 Nick Jihad
Nick Jihad's picture

To be fair, that is what Ben sincerely believes. So, not evil, just an academic in way over his head.

Tue, 04/22/2014 - 13:11 | 4683146 alien-IQ
alien-IQ's picture

how the fuck is this man allowed to utter such complete bullshit and be paid in the process?

Tue, 04/22/2014 - 13:11 | 4683147 i_call_you_my_base
i_call_you_my_base's picture

Keep telling yourself that ben, you asshole.

Tue, 04/22/2014 - 13:12 | 4683149 Nana
Nana's picture

Rather shit on me hands and clap than listen to Berns 250K BS Speech....CockSUCKERS LOONY

Tue, 04/22/2014 - 13:12 | 4683150 PlusTic
PlusTic's picture

i'm offering $10k per pint of blood taken from this vampire!

Tue, 04/22/2014 - 13:22 | 4683202 Winston Churchill
Winston Churchill's picture

After the first six ?

Tue, 04/22/2014 - 18:36 | 4684452 DeadFred
DeadFred's picture

Anything after six should get a victory premium.

Tue, 04/22/2014 - 13:13 | 4683151 nink
nink's picture

I checked with the bureau of statistics, everything is fine

Tue, 04/22/2014 - 14:17 | 4683491 NotApplicable
NotApplicable's picture

Goal-seeked data from the Senseless Bureau? In order to cover up economic crimes of the state?( <= This is my shocked face)

Tue, 04/22/2014 - 13:12 | 4683152 Racer
Racer's picture

No wonder he needs so much botox, he wouldn't be able to hide his laughter otherwise

Tue, 04/22/2014 - 13:13 | 4683160 Rehab Willie
Rehab Willie's picture

Those Canadians must be so gullible

Tue, 04/22/2014 - 13:20 | 4683188 Rainman
Rainman's picture

Their property bubble hasn't burst yet...but when it does .. 

Tue, 04/22/2014 - 13:15 | 4683167 ebworthen
ebworthen's picture


Tue, 04/22/2014 - 13:29 | 4683230 Colonel Klink
Colonel Klink's picture

X 870 billion

Tue, 04/22/2014 - 13:15 | 4683169 williambanzai7
williambanzai7's picture

Tue, 04/22/2014 - 13:19 | 4683187 Peter Pan
Peter Pan's picture

WB7 this image initially made me really laugh but the more I looked at it, the more the faces shown struck me as satanic to the point that I shuddered.

Brilliant as always.

Tue, 04/22/2014 - 13:17 | 4683170 NuYawkFrankie
NuYawkFrankie's picture

And in other Breaking News it can now be revealed that:

The Assault on Waco was for "The Sake Of The Children"...

Tue, 04/22/2014 - 13:16 | 4683173 LawsofPhysics
LawsofPhysics's picture

If that's true Ben, then why did the wealth for the 1% increase by 300-400% while the "man on the street" has less real income and less purchasing power?

You should be first in line for the guillotine.

Nothing will change otherwise.

Tue, 04/22/2014 - 13:22 | 4683177 Peter Pan
Peter Pan's picture

I think he meant to say for the man on Wall Street.

I think that what Bernanke said is perhaps the greatest insult to date to our collective intelligence.

Even hell will spit this man out.

Perhaps his own pnishment in the after life is for him to feel the pain of going through the printing press each time a dollar note is printed.

Tue, 04/22/2014 - 13:18 | 4683178 nakki
nakki's picture

Ben is just another deluded psychopath who will always believe his own bullshit. "The man on the street"? Is he talking about the soon to be homeless or wall street?

Tue, 04/22/2014 - 13:19 | 4683186 MFL8240
MFL8240's picture

Typical Washington arrogance!

Tue, 04/22/2014 - 13:21 | 4683195 Rising Sun
Rising Sun's picture


Tue, 04/22/2014 - 13:22 | 4683198 Inthemix96
Inthemix96's picture

I swear to Dog himself, that if I ever get my hands near this despicable cunt bermslanks I will do the cunt in.

I would in all honesty torture this fucker within an in inch of his life, every day, for as long as his weak, pathetic, pampered, never done a days graft in his lifes body could take.

Man I hate this bearded clam cunt with a passion you wouldnt believe.

You have ruined many a man bernsplink, many greater, better, honest and down-right decent than your fucking arsehole could be you filthy dwarf twat.

You're going straight to hell you dirty little arse-clinker bermsplanks, ask Dog, hes all over you like a fly round shit you nasty little lying nation wrecking bastard.


Tue, 04/22/2014 - 17:44 | 4684306 Nick Jihad
Nick Jihad's picture

Tyler, kindly ban this asshole. He's an embarassment to all of us.

Tue, 04/22/2014 - 18:55 | 4684505 Mediocritas
Mediocritas's picture

Says a dude with "Jihad" in his name.

Tue, 04/22/2014 - 13:27 | 4683217 TrustWho
TrustWho's picture

The story is more important to Fucker Bernanke than the truth. This Fucker knows the Truth! The leaders will continue repeating the STORY, because the leaders are trying to avoid their street justice. Why would anyone fight the Russians with these bastards running the country?

Tue, 04/22/2014 - 13:28 | 4683223 Colonel Klink
Colonel Klink's picture

These Central bankers need to be tried for treason and fraud against the nation, then executed.

Pure and simple, nothing changes until there are penalties of law for the fraud and graft by both bankers and politicians.

Tue, 04/22/2014 - 13:31 | 4683244 Seasmoke
Seasmoke's picture

This looks like a laundering and a payoff all wrapped up in one.

Tue, 04/22/2014 - 13:41 | 4683301 devo
devo's picture

Correlation is not causation.

Tue, 04/22/2014 - 14:01 | 4683401 Shad_ow
Shad_ow's picture

L I A R !

Knowingly a  L  I A R !

Tue, 04/22/2014 - 14:04 | 4683415 Bunga Bunga
Bunga Bunga's picture

You got food stamps, iPads, Netflix... what's your problem 99%?

Tue, 04/22/2014 - 14:08 | 4683444 Muppet
Muppet's picture

History will not be kind to the Burn-nank.   Our kids will hate what he's done to them.

Tue, 04/22/2014 - 14:14 | 4683471 NotApplicable
NotApplicable's picture

Most of them won't have the slightest fucking clue.

Tue, 04/22/2014 - 14:15 | 4683485 SheepDog-One
SheepDog-One's picture

The man on the long as that street is Wall Street.

Tue, 04/22/2014 - 14:43 | 4683573 t0mmyBerg
t0mmyBerg's picture

What a fucking lying god damned scumbag asshole piece of shit.  How can he utter such absolute horse shit with a straight face.  Fuck.

Someone should force his head as far down as it will go and then tie his beard around his balls and force him to stay in that position for days.  Lying mohterfucker.  God I cant even speak in anything other than 4 letter words when I see stories like this.  Son of a fucking bitch.

Tue, 04/22/2014 - 14:45 | 4683631 Clowns on Acid
Clowns on Acid's picture

The outright lies of these feckin Bolsheviks is astounding. But not really they ae been doing this throughout history, we just happen to be living in a time period where they were allowed to stael on a massive scale, using the Civil Rights Acxt of 1965 as deep cover for their sociopathic, theft and destruction. 

Tue, 04/22/2014 - 14:47 | 4683643 Otto Zitte
Otto Zitte's picture

This is why people who are on long term psych medication shouldn't be allowed to vote, or make any decisions that affect other people.

Tue, 04/22/2014 - 14:51 | 4683663 Joebloinvestor
Joebloinvestor's picture

The Canadians should have laughed him out of the auditorium like the Chinese did to Geithner.

Tue, 04/22/2014 - 17:11 | 4684179 Radical Marijuana
Radical Marijuana's picture

Canadians appear to be slightly more brainwashed than Americans. If one examines the Canadian mass media situation in more detail, and compares that to the American mass media, overall it is slightly worse. That corresponds to Canadian people being slightly more like muppets than the Americans. Canadians are still In The Bubble. Due to the basic ratio of population to natural resources, they are one of the very few countries whose debts could still be described as being only debt slavery, rather than runaway debt insanity.

Canadians were very successfully lied to about what "their" government did for the Canadian big banks after the 2008 crisis, even more so than the American people were lied to. Canadians, especially anglophone Canadians, are still much more in the colonial frame of mind than Americans. Their mass media are able to be just as stupid, if not slightly more stupid, than the American mass media. (The francophone mass media are not quite as bad, and may be slightly better than the American mass media.) Therefore, I would not expect sufficient education amongst Canadians to be able to laugh at Bernanke's ridiculous lies, because Canadians are relatively still quite brainwashed to believe in that bullshit.

Overall, most Canadians are still materially too comfortable to have the slightest clues about how the globalized civilization has become based on runaway criminal insanities. Canadians are still able to indulge in the fantasies that strip-mining planet Earth is a wonderful thing to do. Within that frame of reference, having the banksters make the money out of nothing as debts to finance strip-mining the planet is taken for granted by the overwhelming majority of Canadians as a perfectly good idea. Even fewer Canadians than Americans are able to have any saner perspectives, in order to develop the macabre sense of humour needed to be able to laugh at the things which guys like Bernanke get paid to say.

Tue, 04/22/2014 - 15:34 | 4683873 moneybots
moneybots's picture

"Bernanke Says US Economy Is Heading Towards Complete Recovery"


What Bernanke left out is that it will never get there before the next recession.

Tue, 04/22/2014 - 15:35 | 4683878 moneybots
moneybots's picture



Brooklyn Bridge for sale, again.

Tue, 04/22/2014 - 15:53 | 4683950 Conax
Conax's picture

Now that's chutzpah.  He did it-




for us.

Tue, 04/22/2014 - 16:20 | 4684047 overmedicatedun...
overmedicatedundersexed's picture

some people just need killin...thats all I got to say about this yew, kito and his butt buddy of "it would have been worse if this yew did not save the TBTF..your deluded.

Tue, 04/22/2014 - 17:34 | 4684269 Tulpa
Tulpa's picture

Same schtick BO uses when his policies are unpopular -- he just "didn't explain it well enough".  And continues to be unable to explain it beyond claiming that the world would have blown up if he didn't get his way.

Tue, 04/22/2014 - 18:11 | 4684307 MeelionDollerBogus
MeelionDollerBogus's picture

"It's for the man in the street!"

If not for such wonderous policies of theft, fraud & money-laundering, would you even be in the street? Logically the only way to help the man in the street is to put him out of his house into the street so you know he's there to be helped in the first place!

Now where's the Thanks for the Bernanks?

Presidential cufflinks perhaps?

Tue, 04/22/2014 - 17:51 | 4684327 NaiLib
NaiLib's picture

All we have to do is to compare to this in order to understand what kind of individual Mr Bernanke is.

Tue, 04/22/2014 - 18:01 | 4684335 Chuck Knoblauch
Chuck Knoblauch's picture

Marie Antoinette couldn't have said it any better.

It was all for the man on the street living on a fixed income.

Cake is much cheaper than steak.

Wed, 04/23/2014 - 07:31 | 4685933 Psquared
Psquared's picture

The intent may have been to help the man on the street, and short of handing out money on the corner the Fed is limited in how it responds to a credit crisis, but the effect (which he ignores) was to enrich Wall Street and enable corporate welfare.

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