I came across this article and thought it should be posted for the public to hear and to respond.
"Why isn't the Securities and Exchange Commission getting more involved in the whole banking sector writedown situation? Especially since the numbers are likely to get worse, not better? That's what Jim Cramer, CNBC's resident stock guru, wants to know." (Inquiring minds want to know.)
"It's all fiction!" he declared during a forceful exchange on CNBC's "Squawk Box."
"How can we have these levels of fiction in financials after Sarbanes-Oxley? How do people get away with this? How do they live with themselves?"
Source http://www.cnbc.com/id/22706231
Did anyone see Federal Reserve Chairman Ben Bernanke on television this morning? He was sweating and acting like he knew nothing about the present dangers in the mortgage industry and until recently, did nothing to create public confidence in reducing the rates fast enough.
How about looking out for the American people and not the Banks well being for a change.
Federal Reserve Chairman Ben Bernanke has been frozen at the wheel, trying to fix this problem without acting fast enough. Is he in denial?
Even billionaire and host of NBC's The Apprentice said he was "shocked" interest rates haven't been cut more aggressively. Trump called for a full-point reduction rather than the conservative quarter-point cuts Bernanke and the Federal Reserve have been implementing.
"We're in a recession," Trump declared. "The question is: How bad does it get?"
Criticism of the Fed has been growing as more and more economic data come in bleak.
Get a grip Bernanke, stop sweating and start acting!
OR YOU'RE FIRED!
Forgettaboutit...Bernanke...YOU'RE FIRED!