Federal Reserve

Plutocrats attack the Fed over bank stress tests.

"Bank executives and investors lashed out at the Federal Reserve on Thursday, attacking its stress tests as “opaque” after the results battered Citigroup’s share price and rattled banks around the world."

Like "opaque" is the problem. Citigroup can publicize anything about itself it wants. When all these banks demand bailouts, this is going to be another spectacular failure of the Fed.

QE was intended to enrich plutocrats.

"Dallas Fed President Richard Fisher has been a thoughtful dissenter all along on the lunacy of QE and the Fed’s massive bond buying spree. But now he has left nothing to the imagination, admitting that Bernanke’s objective all along was to aggressively levitate the price of financial assets and thereby confer massive windfall gains on the wealthy who own most of them. And all this was done in pursuit of some whacked-out, latter-day Keynesian version of “trickle down” economics, which, according to Bubbles Ben, was for the good of the average American—even if they didn’t appreciate it, comprehend it, demand it, or vote for it."

I don't believe he thought it was good for average Americans. This creates the income inequality everybody complains about.