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Old 04-05-2018, 02:53 PM
 
18,801 posts, read 8,467,936 times
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Quote:
Originally Posted by pknopp View Post
Yes, the Fed saw to Wall Street's every need at the expense of main street and those at the bottom so they stayed home and Trump won. They saw the "lesser evil" as still evil.
Much of main street and many business entities are invested in Wall Street. So many, especially the smart ones, benefited as well.
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Old 04-05-2018, 03:11 PM
 
79,907 posts, read 44,184,586 times
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Quote:
Originally Posted by Hoonose View Post
Much of main street and many business entities are invested in Wall Street. So many, especially the smart ones, benefited as well.
The new welfare state. It's odd at how many will complain about people getting help to feed themselves but it's OK to provide welfare for their 401k's.
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Old 04-05-2018, 04:01 PM
 
18,801 posts, read 8,467,936 times
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Quote:
Originally Posted by pknopp View Post
The new welfare state. It's odd at how many will complain about people getting help to feed themselves but it's OK to provide welfare for their 401k's.
Of course I complain about neither. I like supporting the poor while I get rich.
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Old 04-05-2018, 04:06 PM
 
Location: Barrington
63,919 posts, read 46,725,169 times
Reputation: 20674
Quote:
Originally Posted by golgi1 View Post
It implies the washing of federal bribe money, as all post-civil-servant paid speeches do when they are given to people who could have benefited from the person's decisions in their position (or their influence in retirement).

As the money and frequency of speeches increases, so does the look of impropriety.

Beside the natural immorality and corruption inherent in any such bribes, they do further damage by making our system look corrupt to the world.



Exactly.
Yellen is retired and has no influence on the future.

As I previously said, it is common for retired politicians/appointees/ WH employees to hit the speaker's circuit, serve as commentators on Cable TV and author books and are paid well for doing so.
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Old 04-05-2018, 04:12 PM
 
Location: Barrington
63,919 posts, read 46,725,169 times
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Quote:
Originally Posted by golgi1 View Post
The last thing that a liberal wants to do is try to make a political point based on "selective scandals", as the MSM ignored Clinton Foundation far out-classes anyone who you could attempt to make a "selective scandal" out of; assuming your media isn't inventing it out of whole cloth as they are wont to do.

"Just wow".
Hillary Clinton disclosed the Clinton Foundation as a part of her Senate confirmation hearings. Nonetheless, all but one Senator voted in favor of confirmation. It was not an issue until it became apparent she was going to run for President.

The Clintons disclosed 30+ years of tax returns and the Clinton Foundation files a form 990 every year.

Regardless of who won in 2016, the winner would enter office with unprecedented conflicts of interest.

( I did not vote for Hillary.)
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Old 04-05-2018, 04:16 PM
 
Location: Barrington
63,919 posts, read 46,725,169 times
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Quote:
Originally Posted by Ringo1 View Post
And you are wrong. Letting Wall Street implode would have decimated our entire economy.


Why you persist in believing this would have a been a great result is beyond me.
No shortage of folk who seem to believe they would have been magically immune had the dominos fallen.
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Old 04-05-2018, 04:32 PM
 
Location: Barrington
63,919 posts, read 46,725,169 times
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Quote:
Originally Posted by pknopp View Post
Yes, the Fed saw to Wall Street's every need at the expense of main street and those at the bottom so they stayed home and Trump won. They saw the "lesser evil" as still evil.
Greenspan, a Reagan appointee, was FRB Chairman, 1987-2006. He was the longtime champion of the repeal of Glass Steagall, which was eventually approved by a Republican majority in Congress and signed by Clinton He also presided over the inflation of the housing bubble and referred to it as a " bit of froth in the market", seemingly oblivious to what was really going on.

Bernanki was appointed by Bush 2 and served until 2014 and oversaw the recovery. Recessions end when indicators cease getting worse.

Yellen, an Obama appointee, served as FRB Chair 2014-18.

Powell was appointed to the Federal Reserve Board by Obama in 2012 and was appointed as Chair, this year, by Trump.
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Old 04-05-2018, 04:36 PM
 
79,907 posts, read 44,184,586 times
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Originally Posted by middle-aged mom View Post
No shortage of folk who seem to believe they would have been magically immune had the dominos fallen.
Why should people be immune from negative repercussions when they do something stupid?
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Old 04-05-2018, 04:37 PM
 
79,907 posts, read 44,184,586 times
Reputation: 17209
Quote:
Originally Posted by middle-aged mom View Post
Greenspan, a Reagan appointee, was FRB Chairman, 1987-2006. He was the longtime champion of the repeal of Glass Steagall, which was eventually approved by a Republican majority in Congress and signed by Clinton He also presided over the inflation of the housing bubble and referred to it as a " bit of froth in the market", seemingly oblivious to what was really going on.

Bernanki was appointed by Bush 2 and served until 2014 and oversaw the recovery. Recessions end when indicators cease getting worse.

Yellen, an Obama appointee, served as FRB Chair 2014-18.

Powell was appointed to the Federal Reserve Board by Obama in 2012 and was appointed as Chair, this year, by Trump.
Yeah, they all care about the 1%. Your point?
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Old 04-05-2018, 04:49 PM
 
9,952 posts, read 6,671,651 times
Reputation: 19661
Quote:
Originally Posted by pknopp View Post
Yeah, they all care about the 1%. Your point?
I’m still not getting the point of this thread? Former political appointee goes on the speaking circuit. This is a controversy how? It is a given. Yes, financial services companies might be interested in hearing a former fed chair speak.
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