Ben’s Special Day

This is the day when Bernanke could moderate his approach and let congress and its Fiscal Policy carry the day.  There is no question in my mind that QE2 and tax cuts for the wealthy will be what incites the regular people to rise up to the craziness over the next 4 years. 

The articles of the past two days in the NYT on the CFTC and the clearinghouse approach that I have advocated since the blowup in 2008 are going the same direction as everything else, the big guys have used the financial meltdown to strengthen their positions.

see articles here:

http://www.nytimes.com/2010/12/12/business/12advantage.html

http://www.nytimes.com/2010/12/13/books/excerpt-capital-offense.html