Is Hamlet in charge of the Fed?
Hamlet is a guy dressed in tights in a play of the same name by Shakespeare. The plot of "Hamlet" goes like this: His daddy is murdered by his uncle (his daddy's bro) so his daddy's brother could marry Hamlet's mommy after screwing her for a long time (BTW Hamlet wants to fuck her too). Now, does Hamlet go out and deep six his uncle? Fuck no. Hamlet does three acts of soliloquies (that's talking to yourself in poetry, and exactly what "Oh what a peseant slave am I?" has to do with getting into your mother's pants only Shakespeare knows). So Hamlet orates these soliloquies about this and that while the kingdom goes down the tubes---like 7 million homeowners losing their homes under the current Hamlet at the Fed. Now I think Hamlet finally kills his fucking uncle (I always fall asleep before the ending so I can't tell you for sure) and gets a shot at fucking his mommy and running the country. Hamlet is a play that is adored by intellectuals, all of whom will sit around thinking about stuff while everything around them is falling apart. Bernanke is one of those navel studying intellectuals who will not act until he thinks about it, unlike Greenspan. Greenie is actually the root cause of all this because he raised rates 17 times after dropping them to 1%, thus urging unqualified home buyers into the market at "variable" interest rates. Greenspan cut broker loan rates in the middle of the day during the '87 crash and saved the country. Oh well, that was then, and this is now. Meanwhile the homeowners are totally fucked unless the Fed acts.
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