Busted: Bankers and The Global Economy

July 28, 2009

Bernanke: Trying to Save Face

Filed under: banking, corporatism, credit, economy, inflation, investment, money — Tags: , , , , , — digitaleconomy @ 1:31 am

puppetFor the last week, Fed Chairman Ben Bernanke has been advertising his personal integrity without trying to take an actual stand. He admits that criminal conduct in high finance and investment must be prosecuted and that having to bail out the likes of Wall Street firms that continue to play high stakes gambling games makes him ill. Bernanke continues to try to straddle the fence as he justifies the decisions made as his refusal to allow America to enter a second Great Depression. He offers little fire or passion to see any change beyond making admonitions toward change in the system to protect the nation from avarice. Bernanke readily admits that if adjustments are not made soon, America faces the acute risk of uncontrolled inflation. His need to express his personal integrity almost seems comical as he performs what must be one of the toughest and most thankless jobs on the planet, at least in the public eye.

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