Fed Accountability?
Trillions funneled to undisclosed banks
By an unaccountable “Federal Reserve”
Congress did nothing, economy tanked
After Bernanke pitched Sanders a curve
poem by Ray Lucero
Submitted by Poetry Lover
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Related quotes
Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
quote by Ben Bernanke
Submitted by Lucian Velea
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We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.
quote by Rodrigo Rato
Submitted by Lucian Velea
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My Question to Alan Greenspan and Ben Bernanke
When banks went bankrupt, to bail them out
The government gave them a cushy handout
When the rest of economy went to recession
The government tried to make a good impression
It printed trillions of fiat money
To rescue all friends of the Easter Bunny
To provide the necessary wherewithal
To spend its way out of the hole
The politicians were not aware
While they built the bridges that lead to nowhere
That money is also a finite resource
They had good intentions: for better or for worse
Inflation and taxes beyond any doubt
Caused my retirement fund wipe out
My finances were trapped, I couldn’t get any cash
When stocks and bonds have turned into trash
I was paying my mortgage & credit card debt
I spent money wisely, my expenses were capped
With banks in default, the dollar’s inflating
I still retain 5-star credit rating
Hey, Mr.Bernanke and Mr.Greenspan
Something is wrong with your genius plan
Would you, please, tell me, whose fault is that -
People are suffering and banksters are fat?
***
August 23,2009
poem by Slava Olchevski
Submitted by Poetry Lover
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Oh Mr. Bernanke!
Oh Mr. Bernanke
Are we going to have that Rate-cut today?
Aha, you are the candy-man
Could wave your wand
Make the dying Market stand.
Ah, but it ain’t working anymore
The Market is a falling man
Oh Mr. Bernanke
You wave your wand
But it’s fallen over the stands!
Oh Mr. Bernanke
Swayed the Market just your own way!
But banks aren’t making money
The cuts to them are one too many
Candy-man, the Market won’t stand!
Got my only heifer and sacrificed
At the altar of Dow and Nasdaq, paid a high price
The Dow, oh it fell through the Year’s low
Now here I come, Candy-man
Look through your store
We need something more!
poem by Dennisa Davidson
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We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.
quote by Franklin Raines
Submitted by Lucian Velea
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The retirement system that is in place for members of Congress and other federal workers features what is known as the Federal Employment Retirement Plan.
quote by Virgil Goode
Submitted by Lucian Velea
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I Have Reserved Time to Write This; Why?
I sat in the nature reserve
Watching the animals playing football
I was just a reserve
Not in the first eleven
I had a seat in the theatre reserved
I watched the play unfold
I not an actor I’m too reserved
I’m in the audience where I belong
I was called up by the army
Served before; but they wanted me to re-serve
I was playing tennis; the ball went wide
They made me re-serve
Reserve your energy
Reserve your nerve
Keep your humour in reserve
Keep your reserve in reserve
I reserve the right to say you asked me to write this
And I have kept the best in reserve
You will have to reserve an appointment
With a proper poet after you’ve read this
An anagram of reserve
Is reverse
I wish I could reverse time
Then I wouldn’t have wrote this
poem by Michael Micmac Mccrory
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If we don't get this economy going, the numbers that represent this stimulus package are going to be small compared to the loss of revenue to the federal government for our economy.
quote by Judd Gregg
Submitted by Lucian Velea
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Internal self-government under a local constitution was authorized by Congress and approved by the residents in 1952, but federal law is supreme in Puerto Rico and residents do not have voting representation in the Congress.
quote by Dick Thornburgh
Submitted by Lucian Velea
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Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.
quote by Bill Gross
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If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.
quote by Ben Bernanke
Submitted by Lucian Velea
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Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
quote by Ben Bernanke
Submitted by Lucian Velea
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The (Not-So-Great) Bailout of 2008
Gather round children,
as I tell the tale,
Of how all the banks
started to fail.
About how the government
bailed out the rich,
Rather than the poor,
which would have been a switch.
People were greedy,
for something called cash,
Brokers on Wall Street had plenty,
so what they did seems rash.
And so they started
robbing regular people blind.
That's how America (and the World)
got into a bind.
The banks began approving loans for homes,
to anyone who might need.
The value would go up,
and you could re-mortgage indeed.
People started spending
what they never had.
The way money was their religion
was awfully sad.
People would spend thousands of dollars,
On luxury items and diamond rings,
While poor children went without
food, braces and things.
The world was on a bubble
about to break.
Still banks pushed loans and investments
with ratings that were fake.
The economy crashed
like a run away train.
Regular people watched as their savings
and retirement went down the drain.
The president and congress
fearing another crash,
put together
a bailout plan fast.
They reasoned, if we don't fix the economy
the whole ship will sink.
'You don't understand, ' they claimed
the world is on the brink.
And so the government taught future generations,
handing (the rich) a bone,
That's it's okay to spend
more than you own.
poem by Joseph DeMarco
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But again, you know, the views that we've expressed are transferring power back from the federal government to the states, giving Alaska an incredible opportunity to expand its economy, especially at a time when our federal government is coming close to bankruptcy.So that is a broad-based appeal. It's not an extreme view.
quote by Joe Miller
Submitted by Lucian Velea
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We Are Running On Reserve...(raw, For Edit/revision)
we've been together for so long...
know which route we always take...
when the rains blur our windshields
and the sun heat our seats...
we sleep atop the moon bathed hill...
on beaches with calming waves...
roamed each road we never planned to take
but never we have felt before...
we are running on reserve...
we just cannot tell...
because we are running on reserve
our ride could not end well...
we are running on reserve
we are running on reserve...
we are running on reserve...
a red light keep flashing unnoticed
each bump were too much to take
we are running on reserve
so our end, we cannot tell...
the headlights are dim,
the horns shout making us deaf
the brakes push automatically
we are running on reserve...
and we near our end
poem by Albert Arsenio Sison
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Most Americans are more concerned about the economy and job creation. And they can't understand why the Obama administration or the Democrat majority in Congress wants to pass a bill like the cap-and-trade tax that will cost us jobs, that will hurt our economy, that will drive up costs for families, as well as for small businesses.
quote by Haley Barbour
Submitted by Lucian Velea
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No Closure Caesura for Foreclosure's Stor[m]y Seize Usury
Bernanke expounds,
dollar [g]reefs on global seizure
sum subprime surrounds
Foreclosure hounds
guilty conscience sinecure
stern bear pounds.
Incompetence grounds.
Responsibilities? ... cure?
interest compounds.
_____
Bernanke errs OR BernANKE eRS
________
Some Sublime Subprime Err Rounds
dollar [g]reefs on global seizure
dollar reefs/griefs on global seas' err... or sees your
some sum...
(c) Jonathan Robin - robi3_1729_robi3_0000 HWX_JXX 12 April 2008
poem by Jonathan Robin
Submitted by Poetry Lover
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The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.
Faith is the black person's federal reserve system.
quote by Hattie McDaniel
Submitted by Lucian Velea
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Prices are going up. Unemployment is continue to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve system.