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2016 Postmortem
In reply to the discussion: Bernie Sanders ‘Mistaken’ With Criticism Over Action During Financial Crisis, Ben Bernanke Says [View all]KingCharlemagne
(7,908 posts)69. You have fallen victim to the Post hoc, ergo propter hoc fallacy. (Because
things turned turned out the way they did, they had to have turned out that way.) The U.S. was nowhere near a depression as economists use the term. (Basically, a 20% decline in GDP.) Bernanke and his cohort helped make the greedy, parasitical 1% whole . . . at the expense of the 99%. Why anyone with discernment pays any attention to this douche continues to bewilder me.
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Bernie Sanders ‘Mistaken’ With Criticism Over Action During Financial Crisis, Ben Bernanke Says [View all]
portlander23
Oct 2015
OP
When We Stand Together - No Citizen Need Settle For A Failed Federal Reserve - Go Bernie Go
cantbeserious
Oct 2015
#1
Yeah, I'm sure a huge govt power grab of private wealth will resonate with voters.
JaneyVee
Oct 2015
#10
No he wasn't, but his vote against the bailout would have been a national disaster if others had
still_one
Oct 2015
#19
Agreed, but that wasn't Bernanke's directive, it was to halt the collapse. The justice department
still_one
Oct 2015
#56
Nope. You and I disagree. He helped prevent the second great depression. Have a nice day
still_one
Oct 2015
#61
You have fallen victim to the Post hoc, ergo propter hoc fallacy. (Because
KingCharlemagne
Oct 2015
#69
What would have happened if the government took them over and guaranteed them...
Human101948
Oct 2015
#75
How is it a "grab" if the government purchases the shares at fair market value?
Jim Lane
Oct 2015
#67
Sanders suggested the equivalent when he argued that banks should be broken up and not allowed to
KingCharlemagne
Oct 2015
#48
So during the financial crisis, bankers hasn't been arrested and given their due process
Time_Lord
Oct 2015
#5
Intellectually-dishonest debate tactic 4e: your resume is not big enough for you to comment.
DisgustipatedinCA
Oct 2015
#47
So you in no uncertain terms subscribe to the idea that the banks are too big to fail?
Ed Suspicious
Oct 2015
#53
Is this the new Not Good Enough, Bernie! talking point from Camp Weathervane?
beam me up scottie
Oct 2015
#68
Wait? Are you or are you not an economist? I ask because you implied you were.
Ed Suspicious
Oct 2015
#55
It would have been a disaster. Millions of people would have been destroyed. We would have gone
still_one
Oct 2015
#11
The prime directive was to prevent a complete economic collapse, and avoid even more panic.
still_one
Oct 2015
#29
Why do you present a binary choice? It was not 'do this or do nothing'. What has been done to
Bluenorthwest
Oct 2015
#17
The binary choice is a function of groupthink which is reinforced by a threat...
Human101948
Oct 2015
#58
+1, I don't believe how much winger crap is repeated about the baillouts on this forum its like
uponit7771
Oct 2015
#80
The ones who have the most criticsm for the actions don't have to think, they're already rich so the
uponit7771
Oct 2015
#79
Obviously you have no concept how many people lives would have been destroyed if they didn't do the
still_one
Oct 2015
#14
Dodd/Frank tries to address that, not completely however, but definitely a step in the right
still_one
Oct 2015
#51
Hello my friend. Ben Bernanke does have the credentials. It wasn't fear mongering.
still_one
Oct 2015
#52
I have to laugh when he says regulators and Congress didn't see it coming.
WorseBeforeBetter
Oct 2015
#27