By Paul Joseph Watson, Prison Planet
January 23, 2008
Popular financial expert questions Bernanke's obsession with
wild interest rate cuts, "the man has no idea what he's
doing"
Popular financial expert Jim "Mad Money" Kramer
has called for the Federal Reserve to be investigated in light
of recent wild interest rate cuts, insinuating that the Fed
is following a different agenda to the interests of the American
people as the economy teeters on the brink of a recession.
"I actually want to call right here for an investigation
of what the Fed did. An investigation of the institution, because
I think the institution has been behind almost every boom and
bust that we've had for many many years. And its really starting
to [be the] time to look to see what this institution is all
about," Kramer told TheStreet.com in a video report yesterday.
Ron Paul Talks About
Monetary Policy With Jim Cramer
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Kramer slammed those that gave the Fed carte blanche to take
whatever action it wanted without scrutiny, stating, "You
should never give a blank check to anyone - particularly someone
as inexperienced as Bernanke," and questioned the bizarre
slap-dash nature of recent rate cuts when compared to Bernanke's
rhetoric.
"When you look at the statements that have accompanied
every Fed rate cut, you could reach no conclusion other than
the fact that the man has no idea what he's doing," scorned
Kramer.
Kramer has turned up the heat against the Fed in recent months,
famously stating they had "run amok" and were "an
unregulated group of people who frankly are not responsive
or held accountable to anybody," during an interview with
Congressman Ron Paul.
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