Bernanke wouldn't threaten anyone...Timmy "Tax Cheat" Geithner can do that all by himself.

Gotta love the idea behind Cash for Clunkers. Great in concept ... but reality is always so much different.

I have to wonder if those who push to implement these ideas really think them through. So let's try this road - I can't afford to buy a new or car ... or I probably would. Giving me $4500 for my current 15 yo, paid off vehicle so that I can make a $300-500/mo payment that I can't afford because I was laid off, took a salary cut to secure employment, etc. doesn't really make a whole lot of sense now, does it? Apparently no one thought about that angle.

And what's scary ... these are the "experts" the present administration is relying on.

I'd like to make one statement on behalf of Fed. Chairman Bernanke. He was brought solely into the Bush Administration for his expertise regarding the financial history of our country,in particular his vast knowledge of the great depession!This tells me that the Bush Administration (Treasury Sec. Paulson) was well aware,as far back as late 2005 that a impending meltdown,and crises was brewing. Fed. Chairman Bernanke had little time to correct the mess other than raise (Mr. Greespan's mess, and Mr Snow's mess) rates,but for him it was to late. He had to reverse course a year later,which hopefully could forestall the damage done by the Bush Administration's which only exasperated the "Catch 22" dilemma handed to him. He is the fall guy for the inept Greenspan,Snow,and Paulson era,period! Finally the "Four (4) Criteria/Responsibilites of Federal (FOMC) Reserve is as follows: #1) monetary policy influencing money,and credit conditions pursuent to full employment,and stable prices. #2)supervise,and regulate banking institutions insuring soundness,and credibility of the nations financial system,and protecting credit rights of consumers. #3) maintaining stability in our financial system,and containing "Systemic Risk" that may arise in the financial markets. #4) providing liquidity,and certain financial services,and instruments to the," U.S. Government Public Financial Institutions",and to foreign official institutions which include playing a mojor role in the nations payments systems. My anaysis is that the Federal Reserve,and all it's entities failed America's citizens miserably,...! I feel great empathy for Mr Bernanke!

I guarantee Benanke and Geithner had a conversation that went something like this:

"Timothy, since 9/11, our nation was artificially kept afloat by Greenspan's cheap money and pure American mortgage fraud; now what can we do to hide this catastrophe?"

"Well, Ben, there's a huge hack in North Carolina named Ken Lewis, let's pay him to take Countrywide's fraud factory; that way, no one knows the nation is about to collapse."

"Great idea Timmy, can we also get Ken the Hack to take Merrill Lynch's fraud factory?"

"Ben, when Little Timmy wear his cowboy hat and carries his cap gun, he can get anything done."

Greenspan, the man most responsible is relaxing while everybody else is taking the heat.

Who's responsible by top to bottom.

1) Congress

2) Fannie Mae and Fredie Mac

3) Federal Reserve

4) Mortgage Brokers.

5) Investment Banks

6) Commerical Banks

7) The American People for lying about incomes.

@Gordon (Fort Myers, Florida)

It's "TURBO TAX TIM"

Youtube it!!!

he uses the classic: "I dont recall" method of getting away from answering questions.