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Thursday, 23 July 2009

Hello Mr. Fed Chairman...where's the cash mate?

In an age when so many Americans are feeling the pinch in a recession Ben Bernanke should be flayed alive if he can't account for half a trillion dollars.

Forgetting where you put your car keys is one thing, but being unable to say where such a huge chunk of money has gone seems reckless in the extreme.

As one of Oscar Wilde's characters says in a scene from The Importance of Being Earnest, "To lose one parent, Mr Worthing, may be regarded as a misfortune; to lose both looks like carelessness."

I only hope he takes care of his own personal finances better than he does the finances of corporate America!

This is the video where the chairman of the Fed, Mr. Bernanke, in an interview entitled "State of the economy and monetary policy" was unable this week to explain where a sizable chunk of US taxpayer's money, half a trillion dollars, had actually gone! Priceless!

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