federal reserve
Keeping accord with weekly tradition, Wonkette channeled its insomnia at 4:30 a.m. this Monday morning to a week-old version of the New Yorker magazine, online, so as to scan for a “politics article.” There was a Ben Bernanke profile, which is EXACTLY what we asked our parents to get us for Christmas, at Best Buy. [...]
Money-printing liquidity trapper Ben Bernanke has been a Local Loser in recent months after rapidly cutting the federal funds rate to negative 1,000% to no effect whatsoever, except national embarrassment. He’s had to print Master Paulson’s money, alone, every night, as punishment. He is not allowed to shave. But as Paulson and his flack Neel [...]
So here are three major factors that contributed to our country’s world’s current financial misfortunes: prolonged periods of historically low interest rates (even negative real interest rates), the complete deregulation of such derivatives as credit default swaps, and encouragement from Washington that the inflated housing boom was nothing to worry about. It’s rare that you [...]
Oh, so our president is giving a press conference, talkin’ about the economies and offshore drilling and such? It’s a slowish news day, so we might as well liveblog this dealy. Fix yourself a triple Wonkettini and join us after the jump for whatever jokes we can muster about the limp Dow, and smacking Fannie [...]
While the economy continued to melt down over the weekend, Federal Reserve Chairman Ben Bernanke spent a few hours hiding from his life at a Washington Nationals baseball game! Alas, he could not escape his horrible, horrible sadness: “Like at every other professional sporting event, a couple minutes is devoted to throwing out free t-shirts [...]
