Thursday, June 25, 2009

Pure and patently false doo-doo............

Fed Chairman Ben Bernanke on Thursday said he is confident the central bank can exit its rescue programs while keeping inflation in check.

Yo, Mr. Ben, you can't have it both ways. You can't stimulate/spend and then cut back overnight on the trillions. Your lies will come back to haunt you when this inflationary spiral gets going. No one gets out of a recession by government spending. It was asswipes like Barney Frank (government employee) and Franklin Raines (quasi-government employee) that allowed the likes of Stan O'Neil of Merrill Lynch fame and Jimmy "asleep at the bridge table as to his firms risk" Cayne of Bear Stearns that helped bring this baby down.

Those fat cats and the countless thousands upon thousands of church-going citizens who inflated loan documents, lied on mortgage applications and pumped up real estate valuations at the bank along with some shady real estate agents and deals.

All in all, yet just another reason to read John Bogle's book, "Enough".

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173