Bernanke Says U.S. Recession ‘Very Likely’ Has Ended

[Capital_Pumper]

Just a sign of good times to come:

@Bloomberg

Congress is preparing the biggest overhaul of U.S. financial regulations since the 1930s, when the Fed was reorganized. The U.S. Treasury proposes to give the Fed greater authority over the capital, liquidity, and risk-management standards at the largest financial firms. Congressional leaders haven’t supported that proposal and are considering giving broader authority to a council of regulators.

“The problem we had in part was the lack of systemic oversight,” President Barack Obama said in an interview with Bloomberg News yesterday. “We want to have a systemic-risk regulator,” he said, adding that “the Fed is best equipped to do this.”

[Laughing_Man]

Big Comfy Couch - Liar Liar

Check the clown’s pants!

[Capital_Pumper]

I take it Paul Krugman is Molly.

[Saan]

Nah, Krugman is a Sally.

[Praetyre]

Where’s a Tui billboard generator when you need one?

[billott1]

I hope Big Ben, Not Number 7 of the Steelers, is right and this “recession” has ended but I have my doubts. In fact I doubt it so much that I am investing more into gold and out of equities as I think there is going to be another crash come October.

As for more regulation, it is just the Government helping friends: Goldman Sachs in particular, and hurting enemies: the working poor and small business. What we need is less of this government goodness not more of it.