Letter: Too big to fail? | AspenTimes.com

Letter: Too big to fail?

Too big to fail?

Dear Editor:

Whenever the Federal Reserve chair, Bernanke, opens his mouth, it is a carefully designed strategy to do several things at once. “Tapering” U.S. bond purchases will raise interest rates, which is good for his banker and Wall Street friends.

He says, “We are the head winds.” That’s a jab at Congress, especially Republican tea party members. What he is really saying to Congress is, Get off your ass and help yourself with stimulus.

The Federal Reserve, our central bank, does not want to go down in history as America’s first insolvent central bank which, comrades, is what is lurking behind the lines of Bernanke. He ain’t no dummy.

As we were taught in kindergarten, “Clean up your own mess.” He is saying the Fed can’t do the recovery alone. Our financial system will help us if we help ourselves. Sound familiar?

Wake up, America!

Richard Goodwin

Snowmass Village

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