Comments on: The Dependent Federal Reserve http://alephblog.com/2008/10/17/the-dependent-federal-reserve/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 19 Mar 2010 06:01:34 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: B Reilly http://alephblog.com/2008/10/17/the-dependent-federal-reserve/comment-page-1/#comment-19490 B Reilly Mon, 20 Oct 2008 20:17:44 +0000 http://alephblog.com/?p=1038#comment-19490 What do you think of the rumours of Volcker as Sec Tres for an Obama White House? What do you think of the rumours of Volcker as Sec Tres for an Obama White House?

]]> By: matt http://alephblog.com/2008/10/17/the-dependent-federal-reserve/comment-page-1/#comment-19472 matt Sat, 18 Oct 2008 12:01:56 +0000 http://alephblog.com/?p=1038#comment-19472 Painful choices have never been the forte of our leadership. The recent bailout is a perfect example. They insisted that they had to do something. While most of them thought the Paulson proposal was a poor plan, they voted for it anyway after enough pork was added. Real leadership would have told Paulson to get bent and then made their own bill with the contributions of many experts (hopefully not a bunch of bank executives). The Paulson plan was so bad that having a 700 billion "stimulus plan" where they mail everyone a $2800 check (like the 600 that came in the spring) would have been better. It's pretty hard to come up with something worse then simply mailing everyone money, but Paulson and the Congress found a way. Painful choices have never been the forte of our leadership. The recent bailout is a perfect example. They insisted that they had to do something. While most of them thought the Paulson proposal was a poor plan, they voted for it anyway after enough pork was added. Real leadership would have told Paulson to get bent and then made their own bill with the contributions of many experts (hopefully not a bunch of bank executives).

The Paulson plan was so bad that having a 700 billion “stimulus plan” where they mail everyone a $2800 check (like the 600 that came in the spring) would have been better. It’s pretty hard to come up with something worse then simply mailing everyone money, but Paulson and the Congress found a way.

]]> By: Mike Fibonaccie http://alephblog.com/2008/10/17/the-dependent-federal-reserve/comment-page-1/#comment-19470 Mike Fibonaccie Fri, 17 Oct 2008 23:14:33 +0000 http://alephblog.com/?p=1038#comment-19470 I agree with Ron Paul for Fed :) I'm going for the CFA, too. Good luck with your awesome blog (it's a lot better than that beat guy's blog at the WSJ). I agree with Ron Paul for Fed :) I’m going for the CFA, too. Good luck with your awesome blog (it’s a lot better than that beat guy’s blog at the WSJ).

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