ThoughtNGine

The Power of Ideas

The Beggar’s Banquet

Chairman Ben Bernanke

Chairman

Board of Governors of the Federal Reserve System

Washington, D.C. 20551

 

Dear Ben: 

  

I hope you don’t mind the informality, but I feel like you should always be able to call your banker by his first name.

 

I noticed this morning that one of the factors in deciding to “rescue” Bear Stearns” was the possibility that they might file Chapter 11.  I am thinking of filing Chapter 11 too (I have less net worth than most of the people you bailed out over there, and I did not act with the stupidity and reckless abandon of Bear’s management).  Any chance you are willing to send $30 Billion my way too.

 

Thank you for your willingness to make sure I am as well taken care of as the deserving folks at Bear Stearns.

 

Respectfully yours,

 

John Q. Public

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April 2, 2008 - Posted by | Economics, Finance, General Interest, Markets, Politics

1 Comment »

  1. here here

    Comment by Noah Herman | April 16, 2008


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