Bernanke Is "Very Concerned" About Europe, Won't Bail Out European Banks

Tyler Durden's picture

Just a headline for now, but the last time Bernanke was "very concerned" about something, the presses were already in motion.

  • SENATOR HATCH SAYS BERNANKE `VERY CONCERNED' ABOUT EUROPE - BBG

And the kickers:

  • BERNANKE TELLS SENATORS NO FED RESCUE OF EUROPE BANKS: GRAHAM - BBG
  • BERNANKE `VERY CLEAR' FED HAS NO EUROPE BANK AID PLANS: CORKER - BBG

Unless, of course, he has no other choice...

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Mongo's picture

Well, just put up a no-fly-zone in Europe and you get rid of those money-copters... and drones

bigdumbnugly's picture

still say it was fishy that qe was not even alluded to yesterday's announcement.

had to be a reason.

WonderDawg's picture

He's just now getting "very concerned"? That Bernankster, right on top of the situation.

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spiral_eyes's picture

To be honest I don't think Benny has much room to print. People in America keep giving creditors promises that they won't duplicate any more dollars, and then they just go back on it.

Eventually the creditors (who also export to America all their stuff) are gonna say "fuck this shit." Benny must tread lightly.

Especially given the fact that almost all American post-90s military hardware is all compromised by Chinese semiconductors with hackable backdoors.

http://azizonomics.com/2011/12/14/americas-military-weakness/

BaBaBouy's picture

Kill Gold... Check

 

Kill Oil... Check

 

Kill Middle Class... Check

 

OK Team Ben Shalom, Print Away!

BaBaBouy's picture

 

 "" * BERNANKE TELLS SENATORS NO FED RESCUE OF EUROPE BANKS: GRAHAM - BBG ""

 

Hey, why not???

 

We OWN Iraq, Afghanistan, why not own all the EURO BANKS also ???

Mr Lennon Hendrix's picture

Bernanke will sit on his thumbs.  His policy dictates not to intervene in markets.  The Federal Reserve has stayed out of the finance this long, they will not change policy and fund entities such as the European Banking system, that is certain.

King_of_simpletons's picture

"......won't bail out European Banks"

The independent Fed works in secrecy. These idiot senators won't even know when it happens.

max2205's picture

He should be worried , when the last time Oil was down 5% and the SPX down 1%...1929, 1934, 1987, 2000, 2008...ect....whatever

Mr Lennon Hendrix's picture

Well a Flash Crash and maybe the Fed intervens; maybe.

dracos_ghost's picture

Agreed. He's going to need serious cover fire in the US if he wants to socialize a big ole' European bailout. Will have to make it look like a US bailout(with the commensurate implicit guarantees) and swap the bejeezuz out of his balance sheet. I can't see it happening without a panic dump as a screen.

redpill's picture

Coordinated action, bitchez

It pisses me off that an unelected individual is now going to arbitrarily dilute our currency in accordance with his econo-religious beliefs in order to "save" a foreign continent because our previously bailed out domestic banks have too much exposure to the sovereign debt of said foreign continent.  Meanwhile they still charge average Americans $2.95 for withdrawing their own funds from a "non-Bank ATM."

Can someone please explain how we wouldn't have been better off letting these corrupt financial syndicates fail in 2008 like they should have?

Au_Ag_CuPbCu's picture

I wish I could, but there is no explanation.

Kaiser Sousa's picture

"we have to save the banker because if we dont they wont give us any more money"...

MarketWatch blogger...

just another example of why this country is doomed.....but hey, at least he answered ur question.....

TexasAggie's picture

Let's see at the end of this quarters financing report by BHO if he now has $1.2B so we'll know where the MFG money went. 

Manthong's picture

It's not about us.

It's a big club and we ain't in it.

King_of_simpletons's picture

"........ unelected individual"

You seem to imply that "elected individuals" are working in our favor which they are sooooooooooooo not.

johnu78's picture

Maybe Bernanke can bail out the banks. I hear he's a multi-billionaire. Surely he'd be willing to put his money where his mouth is?!?!?!

 

-John
http://www.youtube.com/CarMarketer

Au_Ag_CuPbCu's picture

+1 too funny...and sad...and unfortunately true!  Oh and I want to thank MF Global for putting PMs on sale, heading down to the coin shop.

Mr Lennon Hendrix's picture

Not me, I'm selling mine and letting it all ride on JEF.

Booyah!

Hx3's picture

Anyone else noticing more Emergency Broadcast System "Tests" lately?

notbot's picture

Sounds like Bernank has been taking lessons from Noda.

NumberNone's picture

Funny choice of words, Corzine was 'deeply concerned' about what happened with his company...

HedgeAccordingly's picture

FLight to safety is the dollar.. I think gold is over done though - http://hedge.ly/shWwRh

TruthInSunshine's picture

The Bernank is very concerned as he threads the needle, watching money pour into negative real interest rate USTs, which is the only way the U.S. can service it's month to month, minimum monthly payment credit card like, essentially interest only debt installment payments.

Pete15's picture

In the short to medium term the dollar will be fine but we are in terrible shape as well, the comex is in trouble you could call it a fractional reserve system...get some physical sleep at night. 

Rahm's picture

Is he 'watching closely'?  nooooo ddaaaaaa

slaughterer's picture

But didn't Obama urge the Eurocrats to take "decisive and forceful" action?  Why worry?

Rainman's picture

***chuckle***   reminds me of this story about the Chicago Olympics....

vegas's picture

Yea well, I'm very concerned about the Excrement Pile Bernank

 

http://vegasxau.blogspot.com

Randall Cabot's picture

Today's 3:30 rumor could be a whopper!!!

JenkinsLane's picture

I heard a rumor there might be a rumor.

Troy Ounce's picture

 

They say the rumor might be a tumor.

distopiandreamboy's picture

Place your bets* on the afternoon rumor of the day!

  • 2:1 on EMERGENCY Coordinated CB move
  • 3:1 on IMF action
  • 4:1 on China intervention 
  • WILDCARD 8:1

*Winners receive fiat money that is not be backed by any tangible assets

Au_Ag_CuPbCu's picture

Screw the damn rumors, ANYONE that knows ANYTHING already understands how amazingly bullish this is!!!!  /sarc off

Piranhanoia's picture

Hatch is only concerned about his royalties on rap recordings and the wrap parties he gets invited to.  In the temple.

bob_dabolina's picture

CTRL P; Strong Dollar Policy; CTRL P; Strong Dollar Policy; CTRL P; Strong Dollar Policy

Tell a lie long enough and it becomes the truth. 

-Joseph Goebbels

Yes, the irony is thick

Quinvarius's picture

And how well did that work out for Germany when the reality of Russian tanks showed up?

transaccountin's picture

This was already said yesterday in the fomc minutes. Why spout bs rumors.

walküre's picture

Yes, he was and they are telling him that his options are limited.

Europe will die if Bernanke is not allowed to print. That is why he is very concerned.

Quinvarius's picture

That is also why he really is printing.

Dadburnitpa's picture

Fuck Bernanke and the Hatch he rode in on.

slaughterer's picture

Nice BB sound byte to flash crash on .  I am "very concerned."

Dr. Engali's picture

Ah now we have senators spreading the 3 o'clock rumors.