Observations and opinions. My opinion and $1 (it was 50 cents but I've adjusted for inflation) will get you a cup of really bad coffee.
Thursday, January 12, 2012
The Gambler
“They’re definitely frustrated and disappointed,” said Stephen Stanley, chief economist at Pierpont Securities LLC and a former Federal Reserve Bank of Richmond researcher. “I’m sure they would have anticipated they would have gotten more bang for their buck.”
"Bernanke’s report urged Congress and President Barack Obama’s administration to consider steps with short-term costs for taxpayers, such as widening the role of Fannie Mae (FNMA) and Freddie Mac (FRE), the government-supported mortgage guarantors."
Does anyone else out there think that Ben Bernanke looks a little like Kenny Rogers's Jewish brother from another mother? It's a lot of fun to gamble with other people's money.
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