Why Donald succeeded and Yellen failed.

[michiganmoon]

Originally Posted by MTAtech

If Romney won he couldn't have fired Barnanke. Removing a Fed Chairman requires impeachment.

It is one thing I can't stand on CD, people making statements without any knowledge of what they're talking about.

Not who you were talking to, but you were the one that goofed and acted like Obama had nothing to do with QE Trickle Down economics.


#1 If Romney won he could simply have NOT made every single Fed pick a QE Trickle Down supporter, UNLIKE Obama who made every pick to a QE Trickle Down supporter.

#2 Romney could have in 2014, when Bernanke's term as Fed Chairman expired simply not picked QE-Yellen.

#3 Romney could have asked Bernanke to stop the policy and if he didn't - he could ask congress to amend the Federal Reserve Act OR remove Bernanke for cause, which would be more difficult with QE-Democrats in control of the Senate and a desire to leave more Fed control in Big Bank hands.


Obama owns QE Trickle Down, he made every pick to a QE pusher.

[pknopp]

Originally Posted by MTAtech

There are no "regulations" that apply to the Fed that the Fed doesn't write.

The Fed is all about Wall Street though and there most certainly are there.

What you are proposing requires amending the Federal Reserve Act, which of course, requires it to pass both houses of Congress.

If one has to attempt herculean measures to remove a member from office, you effectively proved my point that the Fed is indeed not subject to the direction of the president.

"I will fight to reinstitute Glass Steagall every waking minute until you resign".

He steps down as Wall Street would force it.

[J.Thomas]

Yellen is terrible.

I hope she'll be removed.