Federal Reserve Press Conference Round 2!

Federal Reserve Chairman Ben Bernake has held the 2nd press conference for this year!

www.youtube.com...

So what am looking @ ?
Mr. B talking in circles for 52 minutes

I watched his conference yesterday and all he did was babble in finance jargon, turned it off after about 5 minutes. Definitely not for your average joe.

For everyone,

Download each and everyone and save to a hard drive so that in the event that they "dissapear" we all have records of it which guarandamntee that they will not ever dissappear!

Markets are down about 2% since he spoke. He has nothing new to offer.

The Fed and our leaders have one chance left to keep things from falling into chaos. They need to turn their backs on the corporations and reach out and help the people of our country. They can due this by buying all mortgage loans in existence and refinancing them under better terms. They could do this with credit cards as well. This could also be done with no increase in taxes or future liabilities. Inflation is the great worry, but since the money will be paid back to the government, and the banks balance sheets will fall drastically, the worry of inflation isn't such a huge worry if this program was institutued.

The choice comes down to saving our economy and its people or saving the banks and high worth investors? Should be a no-brainer but it's not because our elected officials don't care squat about anyone who doesn't contribute big $ to their campaigns.