Fcuk Geithner's New Game Rule!!

3/26/09

Folks! Imagine if the Federal Reserve had been the "systemic-risk regulator" during the each bubble.

According to Greenspan in 2005 "we don't perceive that there is a national bubble", just "a little forth", and even in March 2007 Bernanke said"the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained". Are they famous and well-known economists in our life time??! But, they both do not know what they are talking about. Look at what they and government bring us in now??!

How would a systemic-risk regulator help if they miss the problem(Which almost every huge economical crisis is directly or indirectly created by our own government)? And, they keep making bigger problem each time and keep saying we need strength our regulation. F*&^ them all. Now, their so called solution is by printing more $$$ bills. That's it. What a mother f&^%er!!

I am totally opposing this idea and I think having the FDIC, OTS, Fed, state agencies, and others all providing risk oversight is unworkable. They would just mess us up with more problem.

Remember who let AIG sucking all our taxpayer money without doing any good? It is our government(whether previous republican or current idiot fools on the top). So far, new administration has pledged printing almost $3 Trillion dollars( $800 billion stimulus can create jobs, $1 Trillion for Fed to buy Treasury, and this gaint rip off $1 Trillion to buy toxic garbage from failed banks) and now proposed another $3.6 Trillion fiscal 2010 budget. I have no expectation how we get out of this loop hole. It is death spwril that our government is pulling us in. They are doing the exact same F&^% stuffs that history has told us it will fail(Follow proved Japanese rescue style about 20 years ago). The more I hear their rip off resuce plan from our current government, the more I get angry about it.