Moderator: coldharvest
The Turd Polisher wrote:as Old Yeller prepares for another end of summer Fed party in WY, I am reminded of one of the best Big Ben statements ever.....just a year before the Too Big to Fail bus drove off the cliff....
"It is not the responsibility of the Federal Reserve--nor would it be appropriate--to protect lenders and investors from the consequences of their financial decisions."
Chairman Ben S. Bernanke
At the Federal Reserve Bank of Kansas City's Economic Symposium, Jackson Hole, Wyoming
August 31, 2007
https://www.federalreserve.gov/newseven ... 70831a.htm
Kurt wrote:Interesting places though if you want to view real income disparity in the US.
snaark wrote:Kurt wrote:Interesting places though if you want to view real income disparity in the US.
Jackson Hole is some sort of time capsule. Its full of rich retired baby boomers in $100k RVs. Nobody of my generation will be able to afford to retire like that, if they can afford to retire at all.
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