8.26.2008

Hisssssss......BOOM!

Jackson Hole got interesting toward the end.

Former BOE Policy Maker Willem Buiter savaged Bernanke; here are a few excerpts:

"``The Fed listens to Wall Street and believes what it hears,'' Buiter said yesterday in a paper presented to the Fed's conference in Jackson Hole, Wyoming. ``This distortion into a partial and often highly distorted perception of reality is unhealthy and dangerous.''

No kidding? Not to mention Cramer. Oh wait - he's just a mouthpiece for people screaming on Wall Street when they're facing the possibility that they will have to stop lying.

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