Letter: Too big to fail? | AspenTimes.com
YOUR AD HERE »

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


Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


Letter to the Editor

The self-righteous and their smug addiction

Viruses are a natural part of our ecosystem. And while COVID-19 very well might have been developed in a lab (this isn’t conspiracy anymore), coronaviruses in general still have their origins in nature and still…



See more