Comments on: Quack, Quack http://lifeandhealtheditor.com/2009/08/03/quack-quack/ Bill Coffin Editor-in-Chief Thu, 02 Sep 2010 21:13:50 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Walter Manning http://lifeandhealtheditor.com/2009/08/03/quack-quack/comment-page-1/#comment-101 Walter Manning Tue, 11 Aug 2009 21:51:13 +0000 http://lifeandhealtheditor.com/?p=62#comment-101 Guess I must have missed the memo, but from what I've read, comrades Barney Frank and Chris Dodd share most of the blame for our current situation. As per Thomas Sowell's book, The Housing Boom and Bust, you can sprinkle a little bit of the blame on both sides of the isle. But to concentrate you criticism on Greenspan and the Fed, but leaving out Freddie, Fanny, Barney, and Dodd, coupled with your display of having a bit of Sarah Palin derangement syndrome, leads me to believe that you’re a left leaning Anlinsky deciple. My question is why are you here? Having you as editor of the National Underwriter would be like me becoming the editor for the Service Employee International Union’s house organ, and promoting self responsibility and free markets. Guess I must have missed the memo, but from what I’ve read, comrades Barney Frank and Chris Dodd share most of the blame for our current situation. As per Thomas Sowell’s book, The Housing Boom and Bust, you can sprinkle a little bit of the blame on both sides of the isle. But to concentrate you criticism on Greenspan and the Fed, but leaving out Freddie, Fanny, Barney, and Dodd, coupled with your display of having a bit of Sarah Palin derangement syndrome, leads me to believe that you’re a left leaning Anlinsky deciple. My question is why are you here? Having you as editor of the National Underwriter would be like me becoming the editor for the Service Employee International Union’s house organ, and promoting self responsibility and free markets.

]]> By: David Rodriguez http://lifeandhealtheditor.com/2009/08/03/quack-quack/comment-page-1/#comment-97 David Rodriguez Mon, 03 Aug 2009 15:53:51 +0000 http://lifeandhealtheditor.com/?p=62#comment-97 Alright... that was hilarious. Good bit of writing, and I couldn't agree more. Kudos! Which naturally leads me to wonder... what then? If not relying on the monkeys who built this bonfire to, now that they've done a mediocre job wielding the water hoses, find a means of patrolling for fire safety... well, who then? I mean, let's face it, if we depend upon the fed to assemble an "unbiased task force", I'm pretty confident we can look forward to a roster that reads like a who's who of FINRA and the FDIC. There doesn't seem to be a Fed organization that would know the first thing about what to do and WASN'T in some way tossing gasoline on that pile of dead wood a year ago... who's left? Forgive me... I'm a bit obsessed with finding solutions. As much as I couldn't agree more with your assessment of Bernake's mental health for proposing himself as king-elect of the countryside he just burned down, I'm struggling to come up with a less mentally unstable solution. Your thoughts??? Dizzy from the federal spin, D. Alright… that was hilarious. Good bit of writing, and I couldn’t agree more.

Kudos!

Which naturally leads me to wonder… what then? If not relying on the monkeys who built this bonfire to, now that they’ve done a mediocre job wielding the water hoses, find a means of patrolling for fire safety… well, who then? I mean, let’s face it, if we depend upon the fed to assemble an "unbiased task force", I’m pretty confident we can look forward to a roster that reads like a who’s who of FINRA and the FDIC. There doesn’t seem to be a Fed organization that would know the first thing about what to do and WASN’T in some way tossing gasoline on that pile of dead wood a year ago… who’s left?

Forgive me… I’m a bit obsessed with finding solutions. As much as I couldn’t agree more with your assessment of Bernake’s mental health for proposing himself as king-elect of the countryside he just burned down, I’m struggling to come up with a less mentally unstable solution.

Your thoughts???

Dizzy from the federal spin,
D.

]]> By: Jonathan I http://lifeandhealtheditor.com/2009/08/03/quack-quack/comment-page-1/#comment-96 Jonathan I Mon, 03 Aug 2009 15:03:12 +0000 http://lifeandhealtheditor.com/?p=62#comment-96 Good point. The Federal Reserve is set-up to protect the interests of the banks, not bank customers (originally real commercial deposit banks, now investment banks pretending to be depository banks in order to get Fed largesse). The extent to which the Fed and Treasury are deeply in bed with Wall Street, at the expense of investors and consumers, has never been more obvious, yet there is little to nothing in proposed regulation that will really eliminate the clear conflicts of interest. Fed consumer protection oversight? Not a duck, but the fox asking to guard the henhouse! Good point. The Federal Reserve is set-up to protect the interests of the banks, not bank customers (originally real commercial deposit banks, now investment banks pretending to be depository banks in order to get Fed largesse). The extent to which the Fed and Treasury are deeply in bed with Wall Street, at the expense of investors and consumers, has never been more obvious, yet there is little to nothing in proposed regulation that will really eliminate the clear conflicts of interest. Fed consumer protection oversight? Not a duck, but the fox asking to guard the henhouse!

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