Greenspan II

Bernanke, or Greenspan II, restated in a prepared statement for the House his belief that the Fed needs to remain accommodative because of the overall weakness of the economy. This is all quite bullish of course to the market carnies who claim zero interest rates will provide all the energy necessary to unleash the true nature of the markets, up. Now without being able to identify any of the exact characteristics which will signal when the up turn in the economy will mean Wall Street needs less stealing, the Fed, made up of people who have no particular skills, bankers, claim there is a sense that current rising markets along with historically high unemployment is proof the stimulus is working. Well the unemployment part is a problem but why not take a little satisfaction in the fact that Wall Street is doing better. Why do others always have to bring everyone else down by being negative about the majority of the economy. Sure, people across the country are tapped out and would not be in as bad of shape if they had received anything near the deals of Goldman, JP Morgan, and others. The Fed would love to help out everyone but those people just do not work on Wall Street.