Hey, Ben, here’s a big cup of STFU

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Ben Bernanke drops in on the op-ed page of the Washington Post to share his concern:

The government’s actions to avoid financial collapse last fall — as distasteful and unfair as some undoubtedly were — were unfortunately necessary to prevent a global economic catastrophe that could have rivaled the Great Depression in length and severity, with profound consequences for our economy and society.

Emphasis added.

The rest of the column is a bit of whine that the Fed might actually be held accountable for their part in the financial crisis. Bernanke claims the Fed is “independent,” but events and evidence suggest that the Fed is actually held captive by a bunch of Wall Street bankers. Unfair? Distasteful? How about unacceptable. The measures moving through Congress right now don’t go nearly far enough to rein in the greed and abuses of the corrupt financial system, which continues to roll in the dough while the rest of the economy sputters and millions of Americans lose their jobs.

So spare us the pearl-clutching, Ben. STFU and do your job. You’re in this mess because you and your buddies at the Fed FAILED.

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Many moons ago in the blogosphere there was a minor writer with the moniker “Bryan S.” who flew the flag of “Arguing with Signposts.” His politics were vaguely conservative, warblogger, humorist, cynic, libertarian. In short, he screwed all that up. So, you might say this is my attempt to set that stuff straight. The flag is flying again. But we’ve set a course that’s at odds with the haze of the last eight years. Onward!

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