http://casone.blogs.foxbusiness.com/2009/06/25/best-guess-bernanke-edition-ii/ The Casone Exchange Tue, 10 Nov 2009 20:53:18 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 http://casone.blogs.foxbusiness.com/2009/06/25/best-guess-bernanke-edition-ii/comment-page-1/#comment-2772 Jack Frayer Thu, 25 Jun 2009 22:01:09 +0000 http://casone.blogs.foxbusiness.com/?p=405#comment-2772 Even if they were acting with the best of intentions and integrity, they did not improve the outlook for job creation in the US. This is, by the way, an important part of their charter. This current focus on keeping financial companies strong(e.g. so that they can continue to loan money for school loans or car loans...) without strengthening their customers plight leads to an unbalanced relationship. The result of all this will be a collapse of the financial market. Just like swap derivatives were to reduce risk, the actual result was to increase risk. They don't have a clue what they are doing. Forcing the banks was a bad idea. Backstopping the banks was a bad idea. Reality is that job creation grows fastest when at the bottom. A fake bottom will only create fake jobs. To have a sustained growth in the economy, let's restructure our companies for success and not keep the current failing business model. Even if they were acting with the best of intentions and integrity, they did not improve the outlook for job creation in the US. This is, by the way, an important part of their charter. This current focus on keeping financial companies strong(e.g. so that they can continue to loan money for school loans or car loans…) without strengthening their customers plight leads to an unbalanced relationship. The result of all this will be a collapse of the financial market. Just like swap derivatives were to reduce risk, the actual result was to increase risk. They don’t have a clue what they are doing. Forcing the banks was a bad idea. Backstopping the banks was a bad idea. Reality is that job creation grows fastest when at the bottom. A fake bottom will only create fake jobs. To have a sustained growth in the economy, let’s restructure our companies for success and not keep the current failing business model.

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