Friday, May 23, 2014

Do NYU Grads Know Who Janet Yellen Is?

.On Wednesday, Federal Reserve Chair Janet Yellen delivered a commencement address to the 2014 graduating class of New York University.

However, did the class have any idea who was speaking to them?

Video here.


  1. no more grits for benny, right janet?

    Bernanke Money-Grubs From the .01%

    “[Bernanke] gave this stuff out [inside information -FJS], but I didn’t realize what he was saying at the time, so I didn’t do a great trade.”
    Hedge-fund manager David Tepper, after paying $200,000 to take former Federal Reserve Chairman Ben S. Bernanke to dinner, quoted in the New York Times, May 21, 2014
    Ben S. Bernanke continues to be a man of his times. His mind never looks backward or forward. It is as if every day is complete within itself, with no attachment to precedent; no past, no record, no history, and, in the future, he will bear no responsibility. Some precedent may be helpful to critique former Federal Reserve Chairman Ben S. Bernanke’s current escapade.
    It will be interesting if Mervyn King reprimands his former cellmate from M.I.T. He may. King has been one of the few central bankers who admits central banks played a part in the “the worst financial crisis in global history, including the Great Depression” [B. Bernanke to the FCIC in 2009. This declaration reminded the Committee "back off, I saved the word" - FJS]
    Particularly revolting is Bernanke selling himself (being a family publication, a more accurate verb lies dormant) to the .01%. For appearance sake alone, such blatant money-grubbing offers grist to those who see the Federal Reserve as hostage to banking interests. Similarly, claims of “Federal Reserve independence” and other antiseptic nonsense will lose credence to a jaundiced eye. – See more at:

  2. Students Now Indentured to the Banksters

    Never in the history of the developed world has an entire generation had to go into debt just to get an education and a job. Until now.

    Back in January, 31-year-old Tony Muzzatti, who at the time owed around $60,000 in student loan debt to Sallie Mae and always made on-time payments, was told that he had to immediately make a payment of $10,000, or face asset seizures.

    That's because his grandmother, who also happened to be his cosigner on the student loans, had just died.

    Christopher Kibler was also told by Sallie Mae that he had to immediately pay back nearly $22,000 in student loan debts after his father, the cosigner on his loans, had passed away.

    hey kids who'd ya think benny and janet worked for?