Comments on: Bernanke asks “Somebody Stop me”! http://libertariancomment.com/bernanke-asks-somebody-stop-me/ Blog on Libertarian Ideas and Politics Sun, 02 May 2010 21:49:20 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Glenn http://libertariancomment.com/bernanke-asks-somebody-stop-me/comment-page-1/#comment-37 Glenn Thu, 07 Jan 2010 17:18:55 +0000 http://libertariancomment.com/?p=275#comment-37 Thanks! Sorry for the delay responding. One example of the Fed's purchase of private securities was via the Maiden Lane III company it formed to by mortgage securities to shore up AIG. Approx 60 billion or so. A related article on this issue, actually dealing with the disclosure games the Fed wanted AIG to play on this issue can seen here. http://www.bloomberg.com/apps/news?pid=20601087&sid=aXIvW4igKV38&pos=1 For an in depth treatment of how the Fed has trounced the rule of law, check out this podcast. http://www.cato.org/dailypodcast/podcast-archive.php?podcast_id=1040 This article points out the fundamental change in policy this all represents, that being the arbitrary rule of central bankers, picking the winners and losers in the financial crisis. http://online.wsj.com/article/SB10001424052748703932904574511243712388988.html . It's not directly on point in terms of legality, rather it discusses the impact of such policies. Thanks! Sorry for the delay responding. One example of the Fed’s purchase of private securities was via the Maiden Lane III company it formed to by mortgage securities to shore up AIG. Approx 60 billion or so. A related article on this issue, actually dealing with the disclosure games the Fed wanted AIG to play on this issue can seen here. http://www.bloomberg.com/apps/news?pid=20601087&sid=aXIvW4igKV38&pos=1

For an in depth treatment of how the Fed has trounced the rule of law, check out this podcast. http://www.cato.org/dailypodcast/podcast-archive.php?podcast_id=1040

This article points out the fundamental change in policy this all represents, that being the arbitrary rule of central bankers, picking the winners and losers in the financial crisis. http://online.wsj.com/article/SB10001424052748703932904574511243712388988.html . It’s not directly on point in terms of legality, rather it discusses the impact of such policies.

]]> By: Dan http://libertariancomment.com/bernanke-asks-somebody-stop-me/comment-page-1/#comment-36 Dan Tue, 05 Jan 2010 20:48:08 +0000 http://libertariancomment.com/?p=275#comment-36 I like the article, and agree with you on many points. However could you provide a link to Mr. Bernanke's investments in securties? I would like to see that. I like the article, and agree with you on many points. However could you provide a link to Mr. Bernanke’s investments in securties? I would like to see that.

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