Saturday, October 12, 2013

149: Ben Feathered His Own Nest

When Ben Bernanke took over as chairman of the Fed, he no doubt had to put his personal savings portfolio into a blind trust somewhere to avoid the appearance of conflict.  However, the "blind" part is really a spoof.  He knows, and everyone else knows, that most of his investments were in blue chip stocks or stock funds.  Since 2008, everything BB has done has been directly related to propping up the stock market.  It is very hard to believe that BB has not considered his personal well-being when deciding to pump the $3 trillion or so into the US financial markets that he has presided over.

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