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User Info A Message To Our Senate: Defeat Bernanke in forum [Ticker]
Genesis
Posts: 83025
Incept: 2007-06-26
Admin A True American Patriot!
Chief Bottle Washer
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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
Mrbill
Posts: 2471
Incept: 2008-10-19
Gold
LA
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Great summary! Puts everything all in one place.
Eaglewwit
Posts: 2787
Incept: 2007-11-30
Silver
SoCal
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If we defeat BOB I will still believe in out democratic republic.
Blurtman
Posts: 130
Incept: 2009-01-24

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Remember who voted to confirm Ben.

Remember who voted for the TARP bill.

Vote them out.

The status quo will continue. Platitudes will continue to be offered to the masses. The will of the people will continue to be trivialized as "populism."

Meanwhile anger continues to build.

It is not an issue of Democrat or Republican. It is not an issue of liberal or conservative.

It is an issue of the takers and the taken from.

Vote them out.
Inline
Fisticuffs
Posts: 886
Incept: 2007-07-28

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Gibbs' comments (which have been echoed by various pundits including economists and stock traders on CNBC) that we need to avoid a market meltdown by reconfirming Bernanke speak loudly to the concerns many of this country's leaders had in the past (i.e. Thomas Jefferson, Andrew Jackson, Teddy Roosevelt): that we cannot give to a banking cartel such great power that it can force the government to act in ways it desires. To say that the Fed shouldn't be subject to politics is laughable -- it has chosen to play politics; the TARP gaming shows you that! It's worse that, over time, so many citizens have had their financial well-being tied to the stock market which is in large part controlled by this banking cartel. Gibbs' comments serve as a reason why Bernanke must not be reconfirmed and an audit must be performed (perhaps leading to dissolution of the Fed in its current form). Do what we -- a banking cartel made up of the wealthiest people in the world -- demand, or else. I thought we didn't coddle terrorists...

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B(ern)ank(e)
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Sharonsj
Posts: 55
Incept: 2009-08-06

Laceyville, PA
Banned
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You are absolutely right. The single reason why Dems and Independents are unfortunately turning back to the Republicans is no real reform. If the Dems had immediately begun prosecuting the investment banks, mortgage companies, appraisers and bond raters for fraud, we'd be electing more Dems.

The future problem will be if we send more Repubs back to Congress and they continue to favor Wall Street over Main Street. Then nothing will change and our situation will get worse (if that's possible).

Yes, we need to throw out many incumbents, but we need some genuine people running for office who aren't religious nuts or corporate *****s.
Gamma
Posts: 2311
Incept: 2008-01-20
Gold
Northern CA
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I'm still amazed at the figure for Wall St. bonuses...$145 billion....1% of GDP. That's a staggering number.

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"No longer can we...make no mistake...for too long" BHO 2008, 2009, 2010, every time he opens his yap.
Buddy
Posts: 20
Incept: 2008-10-25
Gold
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Great post Gen! Are you okay with people using the post as a template to send out to the senate. Thanks
Dji
Posts: 1017
Incept: 2009-04-21
Gold
Ponzi world 3rd rock from the sun
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Time to find that Smoking Gun. Can We the People hire Mrs. Brooksley Born and Mr. Black? I won't be satisfied until ALL the crooks are in orange jumpsuits!
Am I asking for to much?

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Don't be a bag holder-Me

What goes up Must come Down- Alan Parsons Project
Genesis
Posts: 83025
Incept: 2007-06-26
Admin A True American Patriot!
Chief Bottle Washer
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Buddy, OF COURSE I'm ok with it!

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
Pika-steph
Posts: 43603
Incept: 2007-09-11
Gold A True American Patriot!
^Why I keep^ fighting; so he is not fighting for nothing.
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Karl - I was looking for the Ticker that had the charts from 2008 along with the Slosh Report (back when it meant something) that showed clearly how Bernanke pulled liquidity when the EESA was being debated.

I wanted to put that up on my little article http://www.FedUpUSA.org about Gibbs' threats this morning.

I think the point needs to be made that they are literally using threats of financial terrorism.

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org
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"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."

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Genesis
Posts: 83025
Incept: 2007-06-26
Admin A True American Patriot!
Chief Bottle Washer
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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
Pika-steph
Posts: 43603
Incept: 2007-09-11
Gold A True American Patriot!
^Why I keep^ fighting; so he is not fighting for nothing.
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That's one of them....gimme a chart of the market response on the days after the drain.

I know you had another Ticker with the chart...and it was uh....quite obvious.

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org
inline
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."

Genesis
Posts: 83025
Incept: 2007-06-26
Admin A True American Patriot!
Chief Bottle Washer
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I'm not sure where it is..... I looked around in September and October of 08 and didn't find it immediately....

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
Pika-steph
Posts: 43603
Incept: 2007-09-11
Gold A True American Patriot!
^Why I keep^ fighting; so he is not fighting for nothing.
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Yeah - it's obviously not labeled EESA or anything obvious....hmmm....maybe Bazooka?

I'd just settle for a SPX chart from immediately following the drain referenced in the Sept. 24 Ticker. Can you post one here? I think that's all we'll need.

(I'd have Randy do it, but he's not here....and I haven't mastered how to actually UPLOAD charts to FedUp....somehow I always **** it up.)

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org
inline
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."

Genesis
Posts: 83025
Incept: 2007-06-26
Admin A True American Patriot!
Chief Bottle Washer
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You mean like this?
Inline

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
Pika-steph
Posts: 43603
Incept: 2007-09-11
Gold A True American Patriot!
^Why I keep^ fighting; so he is not fighting for nothing.
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PERFECT!

smiley

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org
inline
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."

Pika-steph
Posts: 43603
Incept: 2007-09-11
Gold A True American Patriot!
^Why I keep^ fighting; so he is not fighting for nothing.
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I just ****ed the Federal Reserve and Gibbs.

http://fedupusa.org/2010/01/24/robert-gi....


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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org
inline
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."
Clovis
Posts: 228
Incept: 2008-03-13
Green
PNW
Online
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faxed this Ticker to WA senators Cantwell and Murray, as a follow-up to earlier emails sent. Also, congratulated Cantwell on her CNBC appearance last week talking about her bill to reinstate Glass-Steagall.
Genesis
Posts: 83025
Incept: 2007-06-26
Admin A True American Patriot!
Chief Bottle Washer
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I'm right behind you.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
Bustedbuck69
Posts: 343
Incept: 2009-11-10
Gold
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Somethings missing here or maybe not? The nine bullet points in this Ticker (and many other Tickers) should be rebutted by the boyz who are so enamored by the Fed Chief and the Fed. Have any Ticker members, or you KD, received a rebuttal from our employees??? Nothing here. Lack of any COGENT rebuttal is very telling.

A salient rebuttal from the employees is NOT that Chairman Bernanke saved the world. Won't fly!! We RE-CONFIGURE the employee payroll come Nov.

Gen your message maybe getting through:

Quote:
The tally against re-confirming Ben Bernanke grew by one Sunday when Sen. John Cornyn, R-Texas, said he will vote "no" to a second term for the Federal Reserve chairman.

"The Federal Reserve will benefit from a fresh start," Cornyn told "Fox News Sunday." "I'm not saying Bernanke didn't do a good job, but I think he should have seen (the recession) coming."

Sen. John McCain, R-Ariz., said he is leaning against confirmation but would not give a definite answer.

"I'm very skeptical about his nomination," McCain told CBS's "Face the Nation. "Chairman Bernanke was in charge when we hit the iceberg and his policies were partly responsible for the meltdown. ... He should be held accountable."

Speaking Sunday on NBC's "Meet the Press," Sen. Mitch McConnell, the Republican leader, said he is confident Bernanke will win confirmation but would not indicate how he will vote.---
Fox News.com

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"---the politicians---they think the laws of mathematics are suggestions." K. Denninger

"Paper money eventually returns to its intrinsic value---zero." Voltaire

Reason: sp
Blurtman
Posts: 130
Incept: 2009-01-24

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Clovis said: "faxed this Ticker to WA senators Cantwell and Murray, as a follow-up to earlier emails sent. Also, congratulated Cantwell on her CNBC appearance last week talking about her bill to reinstate Glass-Steagall. "
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Murray voted for the TARP bill. Please vote her out.

Cantwell did not vote for TARP. And kudos to her on Glass-Steagall.

But both Cantwell and Murray voted "yea" to confirm Geithner.
Clovis
Posts: 228
Incept: 2008-03-13
Green
PNW
Online
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Blurt - they both know how I feel about Geithner smiley
Mcmwest
Posts: 48
Incept: 2009-04-06

Western Kansas
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One small piece of evidence that this is gaining traction. Mrs McMWest has fired off letters to both her Senators after not being able to get through by phone. That is very unusual. She doesn't read the ticker.
Willy2
Posts: 248
Incept: 2009-05-10

Netherlands
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Bad news for our ""friend"" Bernanke !!!

It seems his buddies Geithner and Summers are ""on the way out"" and it seems they're replaced by ....... Volcker and Donaldson.
http://www.businessinsider.com/henry-blo....

There was already in december a sign that Congress finally came to their senses. They wanted to buy $ 500 million worth of planes for the members of Congress but this was later halved to some $ 200 million.
http://latimesblogs.latimes.com/washingt....

and
http://gawker.com/5334848/congress-will-....

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"War is a racket" (Maj. Gen. Smedley Butler USMC, 1881-1940)
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