We know that quiet ego is the biggest ego as we have seen it through Fed Bernanke while Obama doesn't show as much as ego. Many around the globe now aware of the massive corruption going on, but our leaders are still thinking that it is like good old days business like as usual. Fed Bernanke would gain respect if he admits that entire system is corrupt. Sooner we see major correction, better it will be. But then, Fed Bernanke was about planning against Americans, aka herd, so, we can't expect anything rational decisions which will benefit Americans from him or Obama who is a kisser of the money.
March 8 (Bloomberg) -- Equity mutual funds are burning through cash at the fastest rate in 18 years, leaving them with the smallest reserves since 2007 in a sign that gains for the Standard & Poor’s 500 Index may slow.
Cash dropped to 3.6 percent of assets from 5.7 percent in January 2009, leaving managers with $172 billion in the quickest decrease since 1991, Investment Company Institute data show. The last time stock managers held such a small proportion was September 2007, a month before the S&P 500 began a 57 percent drop, according to data compiled by Bloomberg.
For change, he is saying a bit of truth. I was saying that Nobel Prized Economists are all bought by the FED Money corruption.
- Stiglitz, Nobel Prize-Winning Economist, Says Federal Reserve System 'Corrupt'
http://www.huffingtonpost.com/2010/03/03/stiglitz-nobel-prize-winn_n_484943.html
One of the world's leading economists said Wednesday that the very structure of the Federal Reserve system is so fraught with conflicts that it's "corrupt."
Nobel laureate Joseph Stiglitz, a former chief economist at the World Bank, said that if a country had applied for World Bank aid during his tenure, with a financial regulatory system similar to the Federal Reserve's -- in which regional Feds are partly governed by the very banks they're supposed to police -- it would have raised alarms.
"If we had seen a governance structure that corresponds to our Federal Reserve system, we would have been yelling and screaming and saying that country does not deserve any assistance, this is a corrupt governing structure," Stiglitz said during a conference on financial reform in New York. "It's time for us to reflect on our own structure today, and to say there are parts that can be improved."
Stiglitz made the remarks at a conference held by the Roosevelt Institute. He and other speakers, including Harvard Law Professor and federal bailout watchdog Elizabeth Warren and legendary investor George Soros, had bold ideas about reforming the nation's financial system.
Obviously this is true, moreover, the main cause is a few making fraudulent market manipulation as we can see 1% owns 99% of wealth around the globe.
- US Fiscal Path Unsustainable: Senior Budget Analyst
| 08 Mar 2010 | 01:27 PM ETU.S. fiscal policy is on an unsustainable path of a huge budget gap that cannot be rectified by minor tinkering, a senior budget policy analyst said on Monday.
- http://www.cnbc.com/id/35763337/print/1/displaymode/1098/
- US Fiscal Path Unsustainable: Senior Budget Analyst
- New Strategy Will Pay Homeowners to Sell at a Loss
- Obama Appeals For Public Support on Health Care
- Bull Market Survival Rates Improve After 1 Year: Analysis
- Preliminary Ratings Show Oscars Topped Last Year
- Filling Fed Vacancies Will Be a Juggling Act for Obama
Dream Cars of the Boomer Generation - Hedge Funds Pulled in $7.1 Billion in January
- High Court Backs Tough Rule on Lawyers' Debt Advice
- Crisis Over? Europe Takes Steps to Ease Debt Woes
- How Would a European Monetary Fund Work?
- Low Interest Rates Are 'Appropriate': FDIC's Bair
•MetLife's $16 Billion Surge in Corporate Debt Holdings Bolstered AIG Bid •Stocks in U.S. Fluctuate as AIG Climbs on Unit's Sale, Drugmakers Decline •Papandreou Warns Crisis May Spread Beyond Greece Without Speculation Curbs •S&P Rally Slowed by Mutual Funds Showing Fastest Cash Depletion Since 1991 •Toyota Says Electronics Test Cited in U.S. House Hearing Isn't Realistic •JPMorgan Is Biggest Hedge-Fund Firm by Assets, Pensions & Investments Says •Ex-AIG Chief Greenberg Will Testify About Gen Re Deal in Accord With Cuomo •Iraqis Face Months of Coalition Wrangling as Bombings Fail to Deter Voters •Obama Says Insurance Rates Will Increase Without U.S. Health-Care Overhaul- This is where the Obama-Fed fraud is going on among many other items.
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