| By Salvatore Genovese |
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| November 30, 2009 11:45 AM EST |
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1,953 |
The following blog entry, from March 10, 2009 expressed my opinion on Mr. Bernanke. Eight months later the majority of the congress and a great portion of the financial world seem to agree with my opinions below. Rewind the tape and watch his opinions on the housing disaster and the direction our banking system took. He says everything is cool, and there is nothing to worry about as close as two years ago. He was as wrong as Jim Kramer recommending to buy more Bear Sterns stock 30 days before their collapse!
(March 10, 2009) - I am watching yet another Bernanke speech with a Council of Foreign Relations backdrop.
This guy was born to be a University professor. All he is talking about is what a parrot would read from the text books. He is not qualified for the job for what we need now during the depression of 2009. No one cares what he thinks. At least Greenspan had the charisma.
What is he talking about? Macroeconomics 401? He should be removed from his post and should go back to his university teaching job.
Everyone who is in the room is now sleeping before live TV cameras. What is he talking about? This must be a candid camera joke on CBS. Where are the cameras?
He says everything was good a year ago, everything which was done wrong was done before his turn during Greenspan's tenure.
He now says he is an expert on depression. If you are an expert then show your expert skills in this time of historical proportions.
You need to have basic leadership skills to get this job done.
Talking like he is in the classroom is not cutting ladies and gentlemen, This must be a joke!
Salvatore Genovese is a Cloud Computing consultant and an i-technology blogger based in Rome, Italy. He occasionally blogs about SOA, start-ups, mergers and acquisitions, open source and bleeding-edge technologies, companies, and personalities. Sal can be reached at hamilton(at)sys-con.com.
