Understanding what the people think (popular opinion) is a difficult task. It is not the same as what the experts and media tell us to think (public opinion), but the two have much in common. The correct judgment of if, or when, popular opinion will say “enough” to public opinion’s mistreatment of the people could…
Tag Archive for Ben S. Bernanke
Fred Sheehan
Another Go
by Frederick Sheehan • • 0 Comments
The 2008 transcripts were released in late-February. Most media operations published stories about the Fed’s absent-minded professors who missed the importance of failing financial institutions during 2008. This was not news.
Contributors- Economic and Financial, Must Read
Hall of Fame – Frederick J. Sheehan
by Frederick Sheehan • • 0 Comments
Refreshing was the questioning of Federal Reserve Chairman Ben S. Bernanke by Congressman Scott Garrett from New Jersey in “Shooting Stars.” We can hope his influence may spread.
Contributors- Economic and Financial, Must Read
Shooting Stars – Frederick J. Sheehan
by Frederick Sheehan • • 0 Comments
Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and “The Coming Collapse of the Municipal Bond Market” (Aucontrarian.com, 2009…
Contributors- Economic and Financial, Must Read
Once Again, Do Not Pay Attention to that Man behind the Curtain – Frederick J. Sheehan
by Frederick Sheehan • • 0 Comments
It should be obvious by now that mass democratization over the past century demanded a steady flow of inflation. The inflation of self-esteem: This inspired rights and privileges. These were abetted by a spectacular rise in quantity (inflation) of money and equally sensational erosion of quality of everything: goods, services, education, speech, writing, words, phrases.…
Contributors- Economic and Financial, Must Read
David Boies v. Citizen Ben S. Bernanke- Frederick W. Sheehan
by Frederick Sheehan • • 0 Comments
A splendid opportunity is in the offing, though it is premature to expect the earth to quake. As background, Hank Greenberg, former chairman of AIG, is suing the United States. The case itself is not the subject here. Starr International Company, in which Greenberg is housing his lawsuit, was the largest shareholder in AIG on September 16, 2008, the day when the U.S. government “seized control of AIG” (quoting from the September 17, 2008, Wall Street Journal).
Contributors- Economic and Financial, Must Read
"A" for Conduct. "F" for Guts. – Frederick Sheehan
by Frederick Sheehan • • 0 Comments
“You are lucky, if I may say so, that I’m the one who’s standing here and not the ghost of Sen. Carter Glass. One hesitates to speak for the dead, but I am reasonably sure that the Virginia Democrat, who regarded himself as father of the Fed, would skewer you.”
Contributors- Economic and Financial, Must Read
Japanese RORO- Frederick J. Sheehan
by Frederick Sheehan •
A translator asked: “In your book, ‘open-mouth policy’ occurs many times. Would you please elaborate on this term?” On the same day, February 11, 2013, Akira Amrai, Japan’s economic minister, announced: “It will be important to show our mettle and see the Nikkei reach the 13,000 mark by the end of the fiscal year…
