Articles Archive for October 2011
Economy, Entertainment, News »
Greg Hunter’s USAWatchdog.com
I, and many others, have said when it comes to the economy, nothing has been fixed. I thought Federal Reserve Chief Ben Bernanke underscored that fact when he spoke yesterday in Washington D.C. for the Joint Economic Committee. Mr. Bernanke said in prepared remarks, “There have been some positive developments: The functioning of financial markets and the banking system in the United States has improved significantly.”
With the nearly 260 point drubbing the Dow took yesterday I thought it would be a good time to roll out a post on short selling. Sure, some of this is generated by folks simply sell because of sovereign debt fears in places like Greece, but some of this is probably naked short selling that the SEC turns a blind eye to. This should be illegal, oh wait, it already is! Thank you SEC for letting Wall Street crooks run wild in the markets.
By Greg hunter’s USAWatchdog.com
I keep hammering away at the fact the Fed doled out $16 trillion in the wake of the credit crisis of 2008. This is an enormous sum that is greater than the all goods and services produced in the U.S. in a single year. Domestic banks and companies got the money, right along with foreign banks and companies. In effect, the Federal Reserve bailed out the world financial system.